Pension Risk Transfer Actuary – Pricing & Strategy

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

Job summary

MassMutual is seeking an Actuary to join our Pension Risk Transfer team, focusing on pricing, underwriting, and analysis for US and UK markets. You will contribute to proposals, product enhancements, and contract reviews, collaborating with cross-functional teams to influence pricing decisions and risk assessment.

The role offers growth in a high-visibility area of our Institutional Solutions business, with opportunities to shape strategy and develop expertise in pension risk transfer and

Qualifications

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

Responsibilities

• Pricing of US Pension Risk Transfer and UK longevity reinsurance opportunities.
• Underwriting and development of proposals of new business.
• Risks analyses and product development & modifications including contract and certificate reviews of group annuity products.
• Work with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions.
• Modifying pricing models and sensitivity testing.
• Solicit & analyze competitive data.
• Develop and maintain relationship with consultants and advisors.
• Actuarial projects in support of the Pension Risk Transfer business.

Skills

Pricing

Valuation

Modeling

Risk analysis

Education

Bachelor’s degree in actuarial science, mathematics, statistics, finance, or related discipline

ASA Designation

Job description

MassMutual is seeking an Actuary to join our Pension Risk Transfer team, focusing on pricing, underwriting, and analysis for US and UK markets. You will contribute to proposals, product enhancements, and contract reviews, collaborating with cross-functional teams to influence pricing decisions and risk assessment.

The role offers growth in a high-visibility area of our Institutional Solutions business, with opportunities to shape strategy and develop expertise in pension risk transfer and