Actuary - Product Pricing

Actuary - New Product Pricing page is loaded## Actuary - New Product Pricing remote type:
Hybrid Office locations:
Cincinnati, OHtime type:
Full time posted on:
Posted 3 Days Agojob requisition :
R19393
** Description
* * As a leading provider of annuities, Mass Mutual Ascend is committed to taking financial futures above and beyond. This means offering innovative products that fit our customers’ unique needs – whether it’s protecting their hard-earned savings, receiving guaranteed income, or providing for loved ones. Mass Mutual Ascend is proud to offer customers a level of strength and stability they can count on for years to come.
** The Opportunity
** The New Product Pricing Actuary will analyze, price and assess the risk of new designs and improvements to existing products. As a New Product Pricing Actuary, you will oversee the work of an actuarial analyst and collaborate across all areas of the company.
** Job Responsibilities
*** Price and assist in the development of new annuity products (Fixed, Fixed Indexed and Registered Index-Linked) and riders (Income and Death Benefit)
* Translate complex pricing concepts/analysis into a simplified, easy to understand results
* Assess risks associated with annuity products/riders and analyze mitigants for those risks
* Review new strategies and their potential impacts on pricing returns and renewal rates
* Build detailed, comprehensive pricing models based on product design
* Balance pricing granularity vs. efficiency; balance detail with realistic best practice
* Demonstrate results are in line with corporate standards
* Anticipate internal / external business challenges and / or regulatory issues
* Manage and/or oversee work of one actuarial analyst
* Collaborate with the New Product Pricing Lead
* Collaborate across Mass Mutual Ascend Product and Pricing, Enterprise Risk Management, Financial Actuarial, Finance, Sales, Marketing, Legal and IT;
Mass Mutual Corporate Actuarial and Business Analytics, Enterprise Risk Management and Investment Management; and third-party relationships such as reinsurers
** Minimum Qualifications
*** Must have obtained ASA
* At least 7 years of experience
* Working knowledge of annuity pricing, including STAT accounting
* Experience with actuarial projections and analysis of Fixed Indexed Annuities and Registered Index-Linked Annuities
* Experience with actuarial projection software
* Strong analytic skills
* Solid communication and interpersonal skills
* Attention to detail and ownership of results
** Ideal Qualifications
*** Must have obtained FSA
* Experience with Prophet modeling software
* Extensive knowledge or pricing experience with Registered Index-Linked Annuities, Fixed Indexed Annuities, and Fixed Deferred Annuities
* Supervisory experience
** What to Expect
*** Focused one-on-one meetings with your manager
* Focused one-on-one meetings with your direct report
* Ongoing opportunities for development and learning
* Working in a fast-paced environment with available flexible work schedules
* A place to grow your career in a culture that inspires, rewards and develops employees
* Small company feel with a focus on meeting customer’s needs today and also well into the future
** Why Join Us.
** At Mass Mutual Ascend, our collaborative culture is key to our success. It’s the reason we’re a leading provider of annuities today, and it’s the reason we’ll continue rising to the top tomorrow. A career at Mass Mutual Ascend means you’ll contribute to our mission of taking financial futures above and beyond – and you’ll be inspired to reach your own goals, too.

As a wholly owned subsidiary of Mass Mutual, Mass Mutual Ascend continues to be an employer of choice in the Cincinnati, Ohio community.
* Mass Mutual Ascend Life Insurance Company
* * is an Equal Employment Opportunity employer. We welcome all persons to apply.
** At Mass Mutual Ascend we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees.  Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.  For more information about our extensive benefits offerings please check out our*  *.
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