Annuity Pricing & Implementation Associate
Annuity Product Team
Full-Time
Springfield, MA or Boston, MA
The Opportunity
As a member of the Income Annuity Pricing team, you will help support the product management and pricing of MassMutual's multibillion-dollar annuity business. You will work in a collaborative environment partnering with a diverse group of stakeholders representing product, sales, marketing, technology, and risk management. This role will largely focus on the rate implementation of MassMutual's full annuity suite with a secondary focus on pricing support for the income annuity business.
The Team
The Annuity Pricing team is a motivated group dedicated to maintaining our position as a market leader in the annuity space. In this role you will primarily interact with the Annuity Product team, distribution (Career Agency and third party), marketing, technology, and corporate oversight teams. The role will report to the Director of Income Annuity Pricing.
The Impact
- Lead the end-to-end annuity rate implementation process, ensuring both accuracy and efficiency
- Drive process improvements and partner with Product Marketing to streamline and enhance the rate implementation process
- Serve as the data steward for annuity pricing, maintaining data integrity, and ensuring the accuracy of pricing models and assumptions
- Support the rate setting of income annuities by providing insights and recommendations to optimize profitability and competitiveness
- Evaluate pricing for large case requests
- Support the pricing review and approval process with both Corporate Actuarial and Product
- Contribute to strategic initiatives to grow and optimize the income annuity suite
The Minimum Qualifications
- Bachelor's degree in accounting, actuarial science, economics, finance, or related discipline
- 3+ years of actuarial, financial, pricing or related experience
- 2+ years of advanced knowledge of Excel (advanced features including pivot tables, VLOOKUPs, etc)
The Ideal Qualifications
- 5+ years of actuarial, financial, pricing or related experience
- Strong analytical and financial modeling skills, including experience in Prophet, SQL, and Alteryx.
- Detail-oriented with strong organizational, critical thinking, and problem-solving skills
- Excellent interpersonal and communication skills (written, verbal, presentation) with an ability to convey technical ideas to non-technical audiences
- Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
- Demonstrated initiative and has a sense of urgency; takes ownership and is results-oriented in a fast-paced work environment
- Passion for process improvement/development
- Knowledge of annuity products and pricing
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Annuity Product team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
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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.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $97,600.00-$128,100.00
