Expense Actuary
Individual Life ProtectionIndividual AnnuitiesGroup DisabilityLife Annuity OtherProduct Development & Plan DesignBusiness Intelligence & ReportingPredictive Modelling & ML
Role Summary
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Senior life & annuity actuarial role on MassMutual's Product & Distribution Expense Strategy team in Springfield, MA. You’ll analyze pricing vs actual/forecasted expenses, build and improve expense models, and provide expense insights to product, finance, and senior leaders. Requires 5+ years actuarial experience and ASA credential.
JOB DESCRIPTION SUMMARY
- Analyze pricing vs actual/forecasted expenses for life, annuity, and disability products
- Develop and improve expense models and processes using Excel, SQL, and Alteryx
- Partner with product, pricing, finance, underwriting and operations stakeholders
- Senior individual contributor role with cross-functional influence in Springfield, MA
- Requires 5+ years actuarial experience and ASA designation
DOMAIN EXPERTISE
- actuarial experience in insurance, risk or financial services
- expense analysis and pricing vs actual/forecasted expense analysis
- product profitability and expense modelling for life/annuity products
KEY REQUIREMENTS
- Bachelor's degree in a quantitative field required
- 5+ years of actuarial experience in insurance, risk or financial services
- Associate of the Society of Actuaries (ASA) required
- Hands-on experience with Excel, SQL and Alteryx for large-data analysis
- Authorized to work in the US (sponsorship availability noted)
TECH STACK
- Excel
- Alteryx
- PowerPoint