LTC Actuary

The Opportunity

We are hiring a mastery level actuarial position for our long term care product line. Responsibilities include inforce product management for both stand-alone and hybrid long term care insurance products. This position involves collaborating across a wide variety of functions including legal, compliance, underwriting, claims, operations, enterprise risk management, and IT.

The Impact

• Support annual rate certifications, dividend analysis, illustration regulation testing, and inforce rate increases.
• Extract relevant insights from data and/or models and present complex analysis in simple and straightforward manner to key stakeholders
• Apply actuarial pricing and management models, building or enhancing them as necessary, to support product pricing analysis and design
• Identify risks inherent in new and current product design and develop strategies and processes to manage and mitigate such risks
• Analyze experience studies and develop assumptions for new and inforce products
• Perform sensitivity testing on key assumptions to help quantify risks and mitigations
• Work with implementation teams on all product initiatives
• Form opinions, make recommendations, and drive decisions and execution
• Comply with Actuarial Standards of Practice, Code of Professional Conduct and company standards
• Support continuous improvement through:
• Keeping innovation in the forefront
• Improving processes and practices
• Providing fresh perspectives, breakthrough ideas, and new paradigms to create value
• Advocating for change, improvement, and optimal value added across the organization
• Asking questions and challenging the status quo
• Taking ownership and personal responsibility
• Support other team initiatives as needed

Minimum Qualifications

• Bachelor’s degree in actuarial science, math, statistics, or related discipline
• Associate of the Society of Actuaries
• 5+ years experience in actuarial roles
• 1+ year of experience with actuarial software and modeling, demonstrating the ability to build, validate, enhance, and maintain actuarial models
• 1+ years of experience with one of the following; long term care, disability income, chronic illness, accident or hybrid products.

Ideal Qualifications

• FSA and MAAA designations
• Experience with state product filing, rate filings, and objection responses
• Experience with AXIS, R, or Python
• Qualified to sign statements of actuarial opinion for long term care
• Strong interpersonal and communication skills, both written and verbal
• Demonstrated ability to interact with technical and non-technical audiences
• Demonstrated ability to deal with complexity and ambiguity, with ability to explore multiple solutions and champion the best alternative

What to Expect as Part of MassMutual and the Team

• Regular meetings with the LTC Inforce Management 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