Director Products Financial Reporting

Director of Life Products Financial Reporting

Full-Time

Boston, MA or Springfield, MA

The Director of Life Products Financial Reporting will lead the team responsible for the actuarial valuation and financial reporting for all of Mass Mutual’s life products, reporting to the Head of Life Products Valuation & Projections. This leadership role within the Valuation department will drive the delivery of accurate and timely financial information and analysis that is actionable and forward‑thinking. This leader will be a trusted partner to various internal and external stakeholders and manage a team of actuarial and quantitative professionals.

The role requires valuation knowledge and expertise in both traditional and non‑traditional life products including participating whole life, term life, and other life insurance products.

This leader will exhibit strong leadership and communication skills in all aspects of this role ranging from presenting to management, interacting with internal and external stakeholders, to managing own team. This leader will demonstrate the ability to efficient processes, and robust valuation analysis capabilities to effectively deliver timely and insightful results. In addition, this individual will be proactive in developing team vision & strategy, driving continuous improvement of our valuation capabilities, and executing on projects effectively.

This leader will play a key role in actively managing team performance and developing talents within the Valuation department at Mass Mutual.

Leadership, Culture and Engagement:
Consistently drive continuous improvement mindset and foster inclusive and engaging team culture

• Exhibits passion, curiosity and pursue learning opportunities. Takes ownership of professional development of self and team.
• Drive collaborative solutions and results by seeking and valuing diverse backgrounds, experiences and perspectives, and driving execution.
• Maximize team effectiveness by driving a compelling vision & strategy, managing priorities effectively and adapting quickly to achieve goals.
• Earn confidence and trust by demonstrating ownership, commitment, and follow‑through in achieving results.
• Give employees opportunities to learn and grow; and help them identify the right developmental actions to help them improve.
• Create an environment where the team is inspired, engaged and motivated to deliver quality work and continuously improve capabilities.

Reporting and Analysis:
Produce quality and timely valuation results and provide business insights

• Oversee monthly/quarterly analysis and reporting of US Stat and GAAP reserves, other actuarial items.
• Ensure effective application of valuation governance framework for monthly/quarterly responsibilities, including process efficiency, control effectiveness, new product implementation, , etc.
• Ensure accurate and timely delivery of annual actuarial exhibit filings, as well as ad‑hoc regulatory inquiries on valuation matters.
• Lead quantitative analysts to continue the transformation of data management and valuation processes, perform data production work, as well as completing financial exhibits and industry/rating agency surveys.
• Drive thought process and implement reserve movement and attribution analytics, delivering business insights to management and stakeholders.

Trusted Business Partner:
Collaborate effectively and provide solutions for business partners

• Prepare and effectively communicate financial information to various customers (e.g. Corp Finance, ERM, Investment Management, Tax, Audit, etc.), demonstrating strong understanding of the drivers of the results.
• Understand and proactively manage valuation implications to pricing/repricing, reinsurance, and capital initiatives.
• Partner on new business initiatives and ensure appropriate implementation into valuation processes.
• Provide valuation requirements to internal and external technology partners
• Contribute to review of Life valuation assumptions and actively participate in experience studies/assumption governance framework.

Valuation Methodology, Data and Models Management:
Interpret, develop and implement valuation methodologies, ensure…