Actuary: Pension Risk Transfer & Longevity Pricing

MassMutual; Springfield (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

MassMutual is seeking an Actuary to join our Pension Risk Transfer team within the Institutional Solutions business. The role focuses on pricing, analysis, and underwriting for US Pension Risk Transfer and UK longevity reinsurance, shaping pricing decisions and supporting high-profile transactions.

You will work with colleagues across actuarial, investments, valuation, and business development to drive growth, evaluate risks, and contribute to pricing processes and contract reviews.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, finance, or related discipline.
• 5+ years in actuarial, quantitative, or financial analysis role, including pricing, valuation, modeling, risk analysis or related analytical work.
• ASA Designation

Responsibilities

• Support pricing, analysis and underwriting of US Pension Risk Transfer and UK longevity reinsurance opportunities.
• Contribute to proposals, product enhancements, and contract reviews for high-profile transactions.
• Collaborate with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions.
• Modify pricing models and conduct sensitivity testing; analyze competitive data.
• Develop and maintain relationships with consultants and advisors; support actuarial projects.

Skills

Actuarial experience

Pricing & valuation

Analytical skills

Communication

Education

Bachelor's degree in actuarial science or related field

ASA Designation

Job description

MassMutual is seeking an Actuary to join our Pension Risk Transfer team within the Institutional Solutions business. The role focuses on pricing, analysis, and underwriting for US Pension Risk Transfer and UK longevity reinsurance, shaping pricing decisions and supporting high-profile transactions.

You will work with colleagues across actuarial, investments, valuation, and business development to drive growth, evaluate risks, and contribute to pricing processes and contract reviews.