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Product Management and Pricing Actuary

MassMutual

Product Management and Pricing Actuary

Springfield, Massachusetts, United States · 1mo ago

Salary
$120k - $156kest.
Experience
5+ Years

Role Summary

Role type

Pricing partner to underwriting

Closer to an underwriting partnership role than a modelling-heavy IC position because program oversight and business influence are central to the stakeholder interaction.

Senior Life actuarial pricing and product management role with MassMutual’s Life Pricing & Profitability team in Springfield, Massachusetts. You’ll evaluate underwriting programs, analyze portfolio profitability and emerging experience, support product pricing, and communicate insights through dashboards and management reporting. The role requires an ASA and 5+ years of actuarial experience; FSA is preferred.

Requirements

Must have

  • ASA designation
  • 5+ years of actuarial experience in pricing, experience studies or related actuarial functions
  • 1+ years of experience working with life insurance products
  • 2+ years of experience with actuarial models
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field

Strongly preferred

  • FSA designation
  • Ability to interact with technical and non-technical audiences at all levels
  • Strong interpersonal and communication skills: ability to document complex issues
  • Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities
  • Ability to work cross-functionally to reconcile competing priorities
  • Sound business judgment in an environment of rapid change
  • Comfortable dealing with both complexity and ambiguity

Nice to have

  • Experience with accelerated underwriting programs
  • Power BI, experience studies and data management experience
  • Life insurance pricing experience and exposure to coding/programming

Skills & Domain

ToolsPower_BIExcel
DomainLife insurance pricingAccelerated underwriting programsProfitability analysis (VNB, IRR, profit margin)Experience studies and data management

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