Expense Actuary supporting Product & Distribution Expense Strategy team at MassMutual. Analyzing expense strategies, developing models, and delivering insights to senior business leaders.
Responsibilities
Provide subject matter expertise to internal stakeholders, including pricing teams, finance teams, etc., for specific lines of business/functions
Work assigned line of businesses/functions to analyze expense strategies for that line of business and associated impacts on the enterprise
Perform Pricing versus Actual/Forecasted expense analysis
Support development of new expense models and processes, identify and implement continuous improvement opportunities, and regularly adapt current technology applications, procedures, techniques and tools to meet business needs
Partner with Product to provide expense analysis, financial drivers, and a marketplace perspective on product ideation to support MassMutual’s competitive positioning
Embrace a growth mindset and collaborating with other teams on improving understanding and education on the reasons behind the expenses and other enterprise trends
Support substantive strategic problem-solving efforts – thought leadership (e.g., defining key questions and problem-solving hypothesis), stakeholder engagement (e.g., leading stakeholder interactions and providing constructive challenge), and team leadership (e.g., leading the research/analysis with cross functional teams)
Generate impact as a trusted advisor by maintaining the ability to see the big picture in inherently complex and dynamic situations and demonstrating a strong sense for value in both prioritizing and solving problems.
Requirements
Bachelor’s Degree in Mathematics, Actuarial Science, Finance or Computer/Data Science or related field
5+ years of actuarial experience working in insurance, risk or financial services
Associate of the Society of Actuaries
Experience with insurance products, insurance accounting and finance, and product profitability
Experience processing, manipulating, validating, and analyzing large amounts of data by utilizing the latest technology (i.e. Excel, SQL, Alteryx, etc.) and leveraging generative AI tools to enhance workflows, analysis and efficiency
Ability to quickly break down problems in a structured manner and prioritize analysis
Ability to analyze complex data and draw out insights and implications
Ability to create simple, powerful, and data-driven communications
Strategic thinker who can work independently and distill findings into key conclusions and recommendations
Self-motivated and driven self-starter
Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences
Authorized to work in the US with or without sponsorship now or in the future.
Benefits
Health insurance
401(k) matching
Flexible work arrangements
Professional development opportunities
Learning content access and networking opportunities
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