Actuary ~ Life Projection & Valuation
Massachusetts Mutual Life Insurance Company 211 reviews - Springfield, MA

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Job Description:
We are looking for an experienced FSA to manage and assist in the continued conversion of Mass Mutual’s Ordinary Life (OL)and Term actuarial projection and valuation models to the AXIS actuarial platform. We are in the second phase of this
extremely critical and highly visible conversion project and have just recently gone “Live” with a model that is used for our
annual cash flow testing exercise. The remaining task is to continue to enhance these same models so that they can also be
used to project GAAP margins for DAC and to eventually be used to replace our stat, GAAP and tax valuation system. In
addition to continuing the build out of the models, the successful candidate will serve a key role in quantifying and explaining
the differences in the results between the old and new systems. They will also be working closely with other members of the
AXIS conversion team and other affected parties. The role also entails close collaboration with vendor client support
personnel as questions arise aboutsystem operation/functionality in addition to working with the vendor to request new
enhancements to the system. Documentation of the models and key decisions made in building the models is also a critical
responsibility within this role. At the completion of the project, the candidate will be an expert in the modeling of the OL and
term business and will be well suited to take on other modeling roles within the life valuation and modeling area.

Role Characteristics:
  • Handles complex long-term focused projects involving multiple disciplines or business units
Works independently and with management on high visible, divisional/cross-divisional complex projects
  • Sought as a key resource for resolution of unique or complex business problems
  • Advances the interest of the company by serving on teams that are external to the organization when appropriate
  • Drives continuous improvement and efficiencies beyond own scope of responsibility
  • Individual typically has at least 8+ yrs of related experience
Job Responsibilities & Requirements
The role does involve a substantial amount of supervisory responsibility over more junior team members assigned to the OL
and term portion of the conversion project. Therefore, three or more years of experience as a manager are desired.
A minimum of three years of actuarial experience in the valuation of life insurance products is also desired.
Success in the position requires hard work, dedication to the job and to the actuarial profession, attention to detail, theability
to communicate effectively with other students and managers in the department, and the ability to work on multiple tasks
The successful candidate will take a “hands on” approach to managing the models and will assume total ownership of the
models over the long term.
Strong computer skills are also required including a mastery of the basic components of MSExcel and MSAccess and/or SQL
Server. Experience using an actuarial software package such as AXIS, TAS, Moses, ALFA, or Prophet is also required

Required experience: 2 - 5 years
Minimum required education: Bachelor's Degree
Job category: Accounting, Insurance & Finance;Production & Operations

About this company
211 reviews
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating...