Life Pricing & Product Strategy Actuary

Massachusetts Mutual Life Insurance Company (MassMutual)

Springfield (MA)

On-site

USD 145,000 - 190,000

Full time

9 days ago

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Job summary

MassMutual seeks a Pricing Actuary to join its Life Pricing & Profitability team in Massachusetts. The role partners with Underwriting and Medical teams to evaluate pricing programs and monitor profitability across the life insurance portfolio.

You will work on profitability analytics using VNB, IRR, and rider utilization, and develop Power BI dashboards for management reporting. A Bachelor's in actuarial science and professional designations (ASA/FSAs) are preferred.

Qualifications

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field is required.
ASA designation and/or FSA designation are highly valued.
Experience with life insurance pricing, experience studies or related actuarial functions is needed.

Responsibilities

Collaborate with Underwriting and Medical teams to evaluate pricing programs and monitor profitability.
Develop and validate pricing assumptions and models to support product profitability.
Create and present analyses using VNB, IRR, and profit margins for decision-making.
Develop Power BI dashboards and recurring reports on profitability and new business performance.