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
The New Product Management 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 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
#LI-MM1
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.
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..