Associate Actuary (ALM & Capital Modeling)

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

As an Actuarial Associate in the ALM and Capital Modeling group, you will lead model development projects to improve the efficiency, accuracy, and effectiveness of our capital and ALM models. You will collaborate with team members to improve our understanding of ALM and solvency results to help educate senior management and guide business decisions.

Job Responsibilities

• Research issues within our CFT and ALM models and help validate calculations.
• Develop model solutions that increase the efficiency and accuracy of model calculations.
• Provide guidance and training to develop understanding of our models within and outside of the functional area.
• Perform other duties as assigned.

Desired Competencies

Business Acumen

• Works on assignments of higher technical complexity.
• Works to identify and resolve problems independently.
• Reactive to change and is proactive in developing and recommending new strategies and ideas.

Influence

• Help create a positive work environment.
• Pursues engagement with people who think differently with an open mind.
• Provides support to others as needed.

Critical Thinking

• Ask questions and independently gather relevant information to answer them.
• Applies knowledge to problem solving.

Development

• Engages in professional development for self and others.
• Increases understanding and knowledge of current work and how it affects others within and outside of the company.

Communication

• Connect with the audience when speaking, always respectfully.
• Pursues engagement with people who think differently with an open mind.

Ownership

• Performs work under minimal supervision.
• Meets commitments and accepts responsibility for work product without excuses.

Minimum Qualifications

• Associate of the Society of Actuaries (ASA), or equivalent professional credential from a recognized professional actuarial association.
• 4+ years of overall actuarial experience.
• 2+ years of modeling in actuarial projection software.

Ideal Qualifications

• Knowledge of Prophet Software.
• Prior experience with Traditional Fixed and Index-Linked Deferred Annuities.
• Experience with Cash Flow Projection Modeling.

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. 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.