Dividend Strategy And Systems Actuary

Massmutual Financial Group Springfield , MO 65802

Posted 3 months ago

Since 1851, MassMutual's commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We're people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we're stronger.

Description

POSITION SUMMARY

As a mutual company, policyowner dividends are central to MassMutual's vision and goals. The Dividend Strategy and Systems (DSS) team strives to be dividend experts who deliver the dividend analysis and solutions that influence key strategic actions, ensuring equitable distribution of dividends. To accomplish this, the target candidate will be expected to leverage their technical expertise and thought leadership to provide insightful, compelling dividend analysis for MassMutual's senior leaders and Board of Directors. The role requires working closely with key actuaries and other leaders across CFO and MM, including those in financial, investment, experience studies, life product development teams, legal, compliance, marketing, internal communications and customer service.

KEY RESPONSIBILITIES

The Actuary's responsibilities will focus on the annual dividend schedule (DS) development and recommendation for the Chief Actuary, CFO, Executive Leadership Team (ELT) and MassMutual Board of Directors, annual illustration regulation testing and other key dividend analyses related to other business earnings and management actions.

Dividend Schedule Development & Recommendation

  • Support preparation of three to four annual DS Board and ELT presentations and board dividend education manual, analysis, notes and back-up for Chief Actuary and CFO

  • Contribute to the recommendations, development, repricing and analysis of the annual DS in alignment with strategic & financial goals, including the data and analysis for all dividend alternatives and their impact on financials, sales, and capital, etc. under baseline and stress scenarios

  • Key contact for technical reviews of all dividend-related communications and educational materials (including those for the annual dividend schedule)

Dividend & Product Expertise

  • Oversee reviews and approval of dividend methodology and unit dividend formulas for all participating lines of business, including new and inforce participating life products, Worksite, Disability Income, Long Term Care and Annuities

  • Serve as Dividend Management representative in various experience study working groups across the organization Involved with development, analysis and recommended enhancements for all DS and illustrations regulation testing (IRT) assumptions needed and execution of hand-offs to DSS developers

  • Participate in the analysis and review of testing results for the annual IRT testing. At times, this will require a thorough review of a product's IRT results, testing and pricing models, pricing and IRT testing assumptions and practices to research methods to pass IRT testing.

Dividend Analysis & Other Business Support

  • Steward the evaluation and communication of the dividend impacts stemming from key strategic projects, management actions and changes to distributable other business earnings

  • Perform DS analysis related to dividend sustainability, risk appetite and stress scenarios, investment & expense experience, and other topics as needed

  • Proactively seek out and foster relationships with other key partners and stakeholders across MassMutual, including Financial Forecast Consolidation and Analysis, Capital Analytics, Corporate Development, MMUS Finance, and ERM

  • Support continuous improvement efforts within team to achieve CFO 2020 goals

QUALIFICATIONS

  • Bachelor's Degree required

  • Fellow or Associate of the Society of Actuaries

  • 4+ years actuarial experience with life insurance products

  • Strong analytical and problem solving skills to effectively identify, communicate and develop solutions

  • Strong quantitative and technical skills

  • Strong oral and written communication skills, including ability to present complex issues such that others can readily understand them

  • Distill complex topics and use appropriate judgment to effectively communicate issues, information, and recommendations to peers and management

  • Ability to respond to changes in direction, tight deadlines and high pressure situations.

  • Ability to work individually and collaboratively with others at all levels and areas of MassMutual

  • Proficiency with MS Office products (Excel, VBA, Word, Access) required

  • Commitment to MassMutual's Winning Ways: Act With Integrity, Focus on the Customer, Value People, Work Collaboratively, and Achieve Results

  • Must be authorized to work in the United States without requiring via sponsorship now or in the future

PREFERRED QUALIFICATIONS

  • Experience with programming languages (e.g. R, Python, SQL, C++, APL) a plus

Ranked No. 93 in the annual FORTUNE 500 Ranking (FORTUNE Magazine, June 2018) and recognized as a World's Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

CORE VALUES

Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People: We respect and learn from each other's diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results: We focus on winning by exceeding expectations and getting better everyone, every day.

For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.


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Dividend Strategy And Systems Actuary

Massmutual Financial Group