Head of Variable Annuity Pricing
Company
MassMutual
Location
Springfield, MA
Type
Full Time
Job Description
The Opportunity
As Head of Variable Annuity Pricing you will play a key role in helping MassMutual responsibly grow our variable annuity business. The annuity organization will rely on you to be a financial steward of the business, ensuring sound pricing decisions are made. As Head of Variable Annuity Pricing, you will lead a team with responsibility for managing priorities and facilitating development. You will be well positioned to influence the long-term strategy of the business and effective communication of that strategy will be paramount. If you possess strong business acumen, and are an agile and accountable business leader, keep reading!
The Team
The annuity pricing team is a motivated group focused on developing a diverse suite of products that meet customer needs in a variety of economic environments. This position will lead the team tasked with setting and executing the pricing strategy for MassMutual's variable annuities. In addition to Annuity pricing, this role is also expected to support all other actuarial aspects of Annuity product management, operations support, and distribution. This potentially means active involvement with experience studies, hedging & ALM, competitive analysis, and other actuarial functions.
Want more jobs like this?
Get jobs in Springfield, MA delivered to your inbox every week.
The Impact:
- Lead a team with responsibility for the pricing of new and existing variable annuity products
- Recommend and defend a durable pricing framework
- Go beyond technical analysis to orchestrate innovative and creative solutions that meet our business needs
- Influence and persuade business partners to accomplish joint goals
- Maintain a balanced view of profitability, risk, and sales potential
- Collaborate with our business partners to understand the competitive landscape and be a key player in the design of new products that balance competitiveness and profitability
- Lead pricing review and approval process with both Corporate Actuarial, Product, and Enterprise Risk Management
- Gain proficiency in the FIS Prophet actuarial software
- Influence and provide key contributions to ongoing business strategy and growth
The Minimum Qualifications
- Bachelor's degree in actuarial science, math, statistics, or related discipline
- Fellow of the Society of Actuaries
- Experience with actuarial software such as Prophet, AXIS, or Alpha
- 10+ years experience in actuarial roles
- 3+ years of experience with pricing OR variable products
- Experience leading, developing, and coaching a diverse team
- Disciplined approach to strategic initiatives, business projects and day-to-day activities
- Demonstrated ability to effectively manage and deliver on multiple concurrent deliverables.
- Demonstrated success dealing with complexity and ambiguity, with ability to explore multiple solutions and champion the best alternative
- Ability to influence others and drive engagement
The Ideal Qualifications
- 12+ years experience in actuarial roles
- 3+ years of experience with pricing AND variable products
- Experience in Prophet
- Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
#LI-IZ1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
EEO Statement (Opens in new window)
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $180,700.00-$237,100.00
Date Posted
01/24/2025
Views
0
Similar Jobs
External Audits & Fees Oversight Manager - MassMutual
Views in the last 30 days - 0
MassMutual is seeking an experienced External Audits Fees Oversight Manager to join their Accounting Policy and Controls Oversight team The role invo...
View DetailsEnterprise Account Development Representative - Lookout
Views in the last 30 days - 0
Lookout Inc a cloud security company is seeking an Enterprise Account Development Representative The role involves outbound prospecting lead generatio...
View DetailsSenior Software Engineer, Dealer Pricing AI - CarGurus
Views in the last 30 days - 0
CarGurus is a leading automotive marketplace that aims to empower consumers and dealers through a comprehensive online automotive journey The company ...
View DetailsHead of Training, North America - Rhythm Pharmaceuticals
Views in the last 30 days - 0
Rhythm is a global biopharmaceutical company dedicated to transforming the lives of patients with rare neuroendocrine diseases The company is committe...
View DetailsStaff Accountant - Klaviyo
Views in the last 30 days - 0
Klaviyo is seeking a Staff Accountant to join their Corporate Accounting team The role involves driving the monthend close process ensuring accurate f...
View DetailsSenior Associate, Campaign Manager - Wayfair
Views in the last 30 days - 0
Wayfair is seeking a creative and resultsdriven marketer for a hybrid inoffice role based in Boston The ideal candidate will strategize create and imp...
View Details