Senior Associate Actuary (Product)

Description

MassMutual Ascend is committed to helping people plan for a secure retirement in an uncomplicated way. Our simple promise is superior service and annuities that are easier to understand. This means offering innovative products that fit with today's needs. As a wholly owned subsidiary of MassMutual, MassMutual Ascend functions with the agility of a small company and the assurance of being associated with a Fortune 200 organization who is proud to offer customers a level of strength and stability they can count on for years to come.

The Opportunity

The New Product Management Senior Associate Actuary aids the Product and Pricing Team through support of new product development and implementation of Registered Index-Linked Annuities (RILAs), Fixed Indexed Annuities (FIAs), and Fixed Deferred Annuities. As New Product Management Senior Associate Actuary you will build strong relationships and collaborate with Legal, IT, Operations, Sales and Marketing. This position has the ability to be either hybrid out of our downtown Cincinnati office, or 100% remote wherever you may reside in the US.

Job Responsibilities

• Serve as Product Management contact for Legal and Regulatory issues, Operational Exceptions and Flow Reinsurance
• Support new product filings: actuarial memos, Standard Nonforfeiture demos, answer actuarial regulatory questions, etc.
• Assist Legal with product/policy examples for advertising
• Provide actuarial support for Illustrations from a regulatory perspective
• Evaluate/approve operational exceptions
• Manage large case pricing program
• Support actuarial requests for policy value calculations
• Support new product reinsurance as needed
• Identify and implement continuous process improvement
• Maintain extensive knowledge of insurance products, operations, and existing regulations
• Perform other duties as assigned

Minimum Qualifications

• Must have obtained ASA
• Current Member of American Academy of Actuaries (MAAA) or attain designation shortly after hire
• 5+ years of actuarial experience
• Strong interpersonal skills
• Strong organization and problem-solving abilities
• Solid communication skills with emphasis on collaboration among departments including IT, Operations, Legal, Sales, and Marketing

Ideal Qualifications

• Working knowledge of RILAs, FIAs and Fixed Deferred Annuities

What to Expect

• Focused one-on-one meetings with your manager
• Ongoing opportunities for development and learning
• Working in a fast-paced environment with available flexible work schedules
• A place to grow your career in a culture that inspires, rewards and develops employees
• Small company feel with a focus on meeting customer's needs today and also well into the future

Why Join Us.

At MassMutual Ascend, our collaborative culture is key to our success. It's the reason we're a leading provider of annuities today, and it's the reason we'll continue rising to the top tomorrow. A career at MassMutual Ascend means you'll contribute to our mission of taking financial futures above and beyond - and you'll be inspired to reach your own goals, too. As a wholly owned subsidiary of MassMutual, MassMutual Ascend continues to be an employer of choice in the Cincinnati, Ohio community.

MassMutual Ascend Life Insurance Company 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.

At MassMutual Ascend we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.