Actuary - Product Pricing & Assumption Oversight

Are you a highly analytical individual with a passion for numbers and a keen eye for detail? Are you looking for a challenging and rewarding career in the insurance industry? Look no further, as Massachusetts Mutual Life Insurance Company (MassMutual) is seeking an Actuary - Product Pricing & Assumption Oversight to join our dynamic team. As a leading mutual life insurance company, MassMutual is dedicated to helping our customers secure their financial future. In this role, you will play a critical role in ensuring the accuracy and profitability of our products through pricing and assumption oversight. If you have a strong background in actuarial science and a desire to make a meaningful impact, we encourage you to apply.

1. Conduct thorough analysis and research to inform product pricing decisions.
2. Develop and maintain actuarial models to assess the financial risk of insurance products.
3. Monitor and evaluate the assumptions used in product pricing and recommend adjustments as needed.
4. Collaborate with cross-functional teams to ensure alignment of product pricing with company goals and objectives.
5. Keep up-to-date with industry trends and regulations to ensure compliance and competitiveness in the market.
6. Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner.
7. Continuously review and improve pricing processes and methodologies to increase efficiency and accuracy.
8. Provide guidance and mentorship to junior team members to develop their actuarial skills.
9. Participate in product development and innovation, using actuarial expertise to develop new and improved insurance products.
10. Conduct regular audits and reviews to identify and address any potential risks or issues in product pricing.

According to JobzMall, the average salary range for a Actuary - Product Pricing & Assumption Oversight in Springfield, MA, USA is $96,000 - $130,000 per year. This range can vary depending on factors such as experience, education, and specific job duties.

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.