Actuary- Longevity Product

Massachusetts Mutual Life Insurance Company (MassMutual); Springfield (MA); On-site; USD 145,000 - 190,000; Full time

Job summary

MassMutual seeks an ambitious Actuary to join the Longevity Product & Actuarial team in Springfield or Boston, helping advance UK Longevity Reinsurance and Pension Risk Transfer initiatives. You will perform mortality analyses, profitability monitoring, and in-force management while partnering across actuarial, finance, and risk functions.

You will own experience analyses, develop data-driven insights, and influence decisions with leadership.

Qualifications

• Bachelor's degree in a quantitative field and professional actuarial track.
• ASA designation and 5+ years of actuarial experience with models and tools.
• Experience with Pension Risk Transfer, longevity, or reinsurance is a plus.
• Proficiency in R, VBA, Power BI for analytics and reporting.

Responsibilities

• Lead mortality experience studies and inform assumption setting for UK Longevity Reinsurance and PRT deals.
• Monitor in-force UK Longevity and US PRT performance with profitability analysis and dashboards.
• Develop and enhance reporting frameworks and analytics for in-force management.
• Maintain the UK Longevity Reinsurance Pricing Model and governance activities.
• Collaborate with Finance and ERM to communicate insights to leadership.
• Present analytical findings to business leaders and stakeholders.

Skills

Mortality analysis

Actuarial modelling

Data analysis

Stakeholder communication

Problem solving

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or related field

Tools

R

VBA

Power BI

Job description

Actuary

Longevity Product & Actuarial, Institutional Solutions
Full-Time, Springfield or Boston

The Opportunity

The Actuary will be an integral member of the Longevity Product and Actuarial team within Institutional Solutions, utilizing actuarial and analytical expertise to support both the UK Longevity Reinsurance and Pension Risk Transfer (PRT) businesses. This role offers the opportunity to perform impactful actuarial work across mortality experience analysis, profitability monitoring, in-force business management, and business analytics, helping to inform decisions that support the long-term success of these growing businesses.

This highly collaborative role partners across actuarial, finance, and risk management functions and provides meaningful exposure to business leadership. The successful candidate will have significant ownership over experience analysis processes and reporting, leveraging data-driven insights to identify emerging trends, evaluate business performance, and support strategic decision-making. This position is well suited for an individual who enjoys combining technical actuarial expertise with broader business problem solving and influencing outcomes through actionable insights.

The Team

The Longevity Product and Actuarial team works collaboratively with the Pension Risk Transfer market leader, PRT pricing team, and other key stakeholders to achieve profitable growth and provide in-force and new business insights, while ensuring adherence to all regulatory, compliance and corporate governance policies. Team strengths include collaboration, execution mindset, influence, business acumen, and technical skills.

Team members work closely with Corporate Actuarial, Enterprise Risk Management, and business leadership to provide actionable insights, manage risk, and support the long-term success of these businesses.

The Impact

• Lead case-specific mortality experience studies to assess emerging mortality trends and support assumption setting for prospective deals for both the UK Longevity Reinsurance and Pension Risk Transfer businesses
• Monitor and evaluate UK Longevity in-force business performance through profitability analysis, experience reporting, and management dashboards, generating actionable insights to support business decision-making
• Support the continued development and enhancement of in-force management capabilities, including expansion of reporting and analytical frameworks to the US PRT business
• Maintain and enhance the UK Longevity Reinsurance Pricing Model
• Support model and assumption governance activities, including documentation, controls, & validation
• Partner with Finance, Enterprise Risk Management, and business leaders to evaluate business performance, communicate actuarial insights, and support strategic initiatives

The Minimum Qualifications (Required)

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or related field
• ASA designation
• 5+ years of actuarial experience including developing, maintaining, or enhancing actuarial models and analytical tools

The Ideal Qualifications (Preferred)

• FSA designation
• Experience with Pension Risk Transfer, longevity reinsurance, annuities, or retirement products
• Experience performing mortality experience studies, assumption development, or assumption governance activities
• Experience supporting model governance, validation, controls, or documentation
• Proficiency in R, VBA, Power BI, or similar analytical and reporting tools
• Experience developing dashboards, visualizations, or management reporting to communicate business performance and actionable insights
• Experience presenting analytical findings and recommendations to business leaders and non-technical stakeholders

What You Can Expect at MassMutual

MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:

• Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
• A collaborative environment where perspectives are welcomed
• Access to learning, development, and internal networks that support continuous growth and skill-building over time
• Employee-led communities and forums that foster connection, learning, and inclusion across the organization
• A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset

Salary Range:

$144,800-$190,000

At MassMutual, 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.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, 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.