Massachusetts Mutual Life Insurance

Boston, MA, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a highly analytical and detail-oriented individual looking for a challenging and rewarding career? Massachusetts Mutual Life Insurance is seeking an Actuary, Internal Audit to join our team. As an actuary, you will play a critical role in ensuring the financial stability and success of our company. We are looking for someone with exceptional mathematical and problem-solving skills, as well as a strong understanding of insurance and risk management. If you are dedicated, driven, and ready to make an impact, we encourage you to apply for this exciting opportunity.

  1. Conduct internal audits and review financial data to ensure accuracy and compliance with industry standards and regulations.
  2. Utilize advanced mathematical and statistical analysis to assess risk and make recommendations for mitigating potential losses.
  3. Collaborate with cross-functional teams to identify areas for improvement and implement new processes and procedures.
  4. Develop and maintain actuarial models and assumptions to support business decision-making.
  5. Communicate complex actuarial concepts and findings to non-technical stakeholders.
  6. Stay up-to-date on industry trends and changes in regulations to ensure compliance and inform strategic business decisions.
  7. Participate in the development and implementation of risk management strategies.
  8. Maintain accurate and organized records and documentation of audit findings and recommendations.
  9. Analyze and interpret data to identify patterns, trends, and potential risks.
  10. Provide insights and recommendations to senior management based on analysis and findings.
  11. Collaborate with external auditors to ensure compliance with external audits.
  12. Train and mentor junior team members on actuarial best practices and procedures.
  13. Continuously review and improve internal audit processes and procedures.
  14. Adhere to company policies and procedures and maintain confidentiality of sensitive information.
  15. Represent the company in a professional manner and uphold its reputation.
Where is this job?
This job is located at Boston, MA, USA
Job Qualifications
  • Bachelor's Degree In Actuarial Science, Mathematics, Statistics, Or A Related Field.

  • Professional Certification Such As Associate Or Fellow Of The Society Of Actuaries (Soa) Or The Casualty Actuarial Society (Cas).

  • At Least 3-5 Years Of Experience In Actuarial Or Internal Audit Roles Within The Insurance Industry.

  • Strong Analytical And Problem-Solving Skills, With The Ability To Interpret And Manipulate Large Amounts Of Data.

  • Knowledge Of Industry Regulations And Compliance Requirements, Including Sox And Gaap.

Required Skills
  • Financial Analysis

  • Data Analysis

  • Communication

  • Attention to detail

  • Compliance

  • Risk assessment

  • Teamwork

  • Problem-Solving

  • Regulatory Requirements

  • Fraud detection

  • Audit planning

  • Insurance Knowledge

Soft Skills
  • Communication

  • Conflict Resolution

  • Leadership

  • Time management

  • Interpersonal Skills

  • creativity

  • Organization

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Actuary, Internal Audit in Boston, MA, USA is $79,000 - $145,000. However, this can vary depending on factors such as experience, education, and specific job responsibilities. Senior level positions may have higher salary ranges.

Additional Information
Massachusetts Mutual Life Insurance is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedMay 29th, 2024
Apply BeforeJuly 20th, 2025
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About Massachusetts Mutual Life Insurance

The Massachusetts Mutual Life Insurance Company, founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.

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