Product Manager — Stable Value Actuary Lead

MassMutual; Boston (MA); On-site; USD 130,000 - 190,000; Full time

Job summary

MassMutual is seeking an experienced Actuary/Product Manager for its Stable Value team in Boston, MA or Springfield, MA. The role focuses on product management, development, pricing, underwriting and risk analysis within the Institutional business.

The candidate will combine actuarial expertise with collaboration across internal teams and external clients, influencing strategies and delivering on complex initiatives with a focus on stable value products.

Qualifications

• Minimum: ASA or FSA certification.
• 8+ years of related experience in financial services.
• 4+ years of stable value experience.
• 1+ year of synthetic GIC product, contract and risk experience.

Responsibilities

• Review and decide on plan underwriting information for new sales opportunities.
• Evaluate and implement client stable value contract modification requests with legal input.
• Lead and contribute to product changes and new offerings including pricing, contracts, filing, and risk assessment.
• Review stable value investment portfolios and build pricing and risk analysis models.
• Determine new business and in-force crediting rates for stable value contracts.
• Analyze risks and underwriting considerations and participate in contract negotiations.
• Perform experience studies and set assumptions; present complex analyses to executives.

Skills

Leadership

Decision making

Strategic thinking

Communication

Analytical skills

Problem solving

Education

ASA or FSA certification

Job description

MassMutual is seeking an experienced Actuary/Product Manager for its Stable Value team in Boston, MA or Springfield, MA. The role focuses on product management, development, pricing, underwriting and risk analysis within the Institutional business.

The candidate will combine actuarial expertise with collaboration across internal teams and external clients, influencing strategies and delivering on complex initiatives with a focus on stable value products.