Actuary, ALM and 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 Actuary in the ALM and Capital Modeling group, you will lead research and development projects strategically aimed at improving Cash Flow Testing analytical capabilities, understanding the drivers of CFT results, and assessing impacts of changing methodologies under various scenarios. You will collaborate with team members to improve our understanding of Solvency results to help educate senior management and guide business decisions.

Job Responsibilities

• Research strategic initiatives and determine potential changes within our CFT models and results that address them.
• Develop projects that balance efficiency, accuracy, and complexity of model calculations.
• Help improve CFT analytical processes to allow for more timely and accurate results.
• Build infrastructure to help isolate impacts on CFT results and anticipate future impacts.
• Provide guidance and training to develop understanding within and outside of the functional area.
• Perform other duties as assigned

Desired Competencies

Business Acumen

• Works on assignments of higher technical complexity, and can perform multiple functions.
• Works to identify and resolve problems independently.
• Anticipates change and is proactive in developing and recommending new strategies and ideas.

Influence

• Builds Business relationships when working towards same company goals
• Frequently Challenges status quo thinking, practices, and solutions.

Critical Thinking

• Develops credible solutions and conclusions and considers consequences
• Focuses on root problems and avoids curing symptoms.

Development

• Owns both professional and personal development
• Regularly develops ideas to share in larger group settings

Communication

• Connects with audience when speaking, always respectfully.
• Actively listens, interprets, and advises on relevant issues

Ownership

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

Minimum Qualifications

• Associate of the Society of Actuaries (ASA) or new Fellow of the Society of Actuaries (FSA), or equivalent professional credential from recognized professional actuarial association.
• 6+ years of relevant actuarial experience

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 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..