Actuarial Analyst

Description

As a leading provider of annuities, MassMutual Ascend is committed to taking financial futures above and beyond. This means offering innovative products that fit our customers' unique needs - whether it's protecting their hard-earned savings, receiving guaranteed income or providing for loved ones. MassMutual Ascend is proud to offer customers a level of strength and stability they can count on for years to come.

The Opportunity

This role will become a SME (Subject Matter Expert) of the Variable Annuity (VA) and Life Prophet model, interact closely with modeling team members, and collaborate effectively with the Product Development and Financial Reporting teams.

Job Responsibilities

• Maintain and upgrade Variable Annuity and Life cashflow/GAAP/STAT models.
• Ensure integrity of the VA and Life models that produce the monthly/quarterly financials.
• Manage a list of GAAP and STAT model approximations.
• Address auditor's questions and requests in a timely manner.
• Continuous improvement and execution of validations of model calculations.
• Provide strong documentations and proper model governance controls.
• Demonstrate accountability by taking ownership of the work and strong follow through on commitments.

Desired Competencies

Business Acumen

• Performs work under general supervision
• Works on assignments of moderate technical complexity
• Leverages curiosity to acquire new knowledge.
• Own, admit and change thinking/processes to eliminate repeated mistakes.
• Possesses expert skills in modeling and/or analysis.
• Reactive to change.

Influence

• Help creates a positive work environment.
• Pursues engagement with people who think differently.
• Begins to share opinions in small group settings, always respectfully.
• Recognize they may have blind spots and are open to feedback.

Critical Thinking

• Asks questions and independently gathers relevant information to answer them.
• Applies knowledge to problem solving.

Development

• Engages in professional development.

Communication

• Developing ability to connect with audience, along with acceptable verbal and written communication skills.
• Occasionally speaks up in meetings; asks questions to confirm understanding.
• Excellent attention to details and documentation
• Strong analytical and communication skills related to technical issues
• Strong organizational skills and ability to prioritize work and consistently meet deadlines
• Convey critical information in a timely manner

Ownership

• Regularly meets commitments and accepts responsibilities for work product without excuses.
• Can resolve most problems independently
• Demonstrate accountability by taking ownership of the work and strong follow through on commitments

Minimum Qualifications

• A minimum of two years' experience, preferably with actuarial models.

Ideal Qualifications

• Passed at least 3 actuarial exams
• 3+ years of experience with managing actuarial models
• Annuity and life product and valuation knowledge
• Solid experience with VBA and/or other programming languages
• Experience with Prophet software

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.