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 efficiencyDrive process improvements and partner with Product Marketing to streamline and enhance the rate implementation processServe as the data steward for annuity pricing, maintaining data integrity, and ensuring the accuracy of pricing models and assumptionsSupport the rate setting of income annuities by providing insights and recommendations to optimize profitability and competitivenessEvaluate pricing for large case requestsSupport the pricing review and approval process with both Corporate Actuarial and ProductContribute 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 discipline3+ years of actuarial, financial, pricing or related experience2+ years of advanced knowledge of Excel ( advanced features including pivot tables, VLOOKUPs, etc)

The Ideal Qualifications

5+ years of actuarial, financial, pricing or related experienceStrong analytical and financial modeling skills,Detail-oriented with strong organizational, critical thinking, and problem-solving skills
​Experience in Prophet, SQL, & AlteryxExcellent interpersonal and communication skills (written, verbal, presentation) with an ability to convey technical ideas to non-technical audiencesComfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problemDemonstrated initiative and has a sense of urgency; takes ownership and is results-oriented in a fast-paced work environmentPassion for process improvement/developmentKnowledge of annuity products and pricing

What to Expect as Part of MassMutual and the Team

Regular meetings with the Annuity Product teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour 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. EEO Statement (Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range: $97,600.00-$128,100.00