Talent.com
Actuary - Reinsurance

Actuary - Reinsurance

MassMutualSpringfield, Massachusetts, US
job_description.job_card.variable_hours_ago
serp_jobs.job_preview.job_type
  • serp_jobs.job_card.full_time
job_description.job_card.job_description

Actuary

Reinsurance Development Team within Corporate Actuarial

Full-Time

Boston, MA or Springfield, MA

The Opportunity

MassMutual is seeking a well-rounded, motivated financial professional to join the Reinsurance Development team within the broader Corporate Actuarial team. In this function, this individual will cover all aspects of reinsurance across MassMutual and is expected to successfully partner with the various internal and external businesses and partners of the Organization. They will also take the lead on developing additional analytics to better understand our current and projected reinsurance performance.

The Team

Reinsurance Development operates as a small center of excellence for reinsurance across the company. The team includes a treaty consultant, a reinsurance actuary, a member of actuarial leadership development program (ALDP), and the reinsurance administration team. We manage all of MassMutual's reinsurance relationships. The team leads and oversees all aspects of reinsurance including developing, negotiating, securing, and administering both traditional and financial reinsurance solutions to support the operational, risk and capital position of the Company. The team also develops and implements strategies to optimize the Company's existing use of reinsurance while managing and overseeing reinsurance relationships across the organization. We thrive on identifying solutions and executing, but also on effectively managing all our agreements and ensuring appropriate controls and governance around all aspects of reinsurance.

The Impact :

  • Provide technical expertise as the modeling lead for the team to produce output for regular reporting and ad-hoc analysis
  • Help manage the use and direction of reinsurance across all lines of business for both inforce and new business balancing historical and expected go-forward profitability, risk appetite and existing exposures, contractual reinsurance obligations / requirements,
  • In this role, the individual will lead work to develop an analytics framework on inforce reinsurance arrangements to assess performance and develop a better understanding of cash flows and economics with each reinsurer that will be regularly presented to management and used to help inform strategy decisions on the inforce reinsurance arrangements
  • In this capacity, the individual will collaborate with members of the team and coordinate with reinsurance administration, valuation and product pricing teams
  • Closely collaborate with
  • Product, Pricing, and Assumption Oversight and Valuation teams to ensure adequacy and appropriateness of assumptions and strategies recommended as part of the reinsurance exercise,
  • Reinsurance Administration team to ensure reinsurance solutions can be practically implemented, and provide guidance or to ensure administration is in compliance with the terms of the agreements
  • Enterprise Risk Management to evaluate and monitor counterparty risk exposure against established thresholds
  • The Reinsurance Development team to complete quarterly reporting and analytics for management to support discussions around reinsurance performance while overseeing routine reporting done by the ALDP member
  • Develop relationships with external reinsurance counterparts, and manage the standard request for proposals and implementation of coverages, such as yearly renewable term pools, while collaborating with Product to analyze the reinsurance proposals and providing recommendations to the Head of Product and Chief Actuary
  • Regularly attend strategy meetings with senior leadership, the Chief Actuary, other departments, and external reinsurance counterparts with opportunities to present and participate in discussions to ensure the use of reinsurance and expertise from the reinsurers is optimally utilized across the organization
  • Attend one reinsurance conference per year to discuss strategy and priorities with external reinsurance counterparts
  • Strategic thinking, clear communication, leadership running initiatives and solid partnership with the business and other departments

The Minimum Qualifications

  • Bachelor's Degree
  • Associate of the Society of Actuaries (ASA)
  • An individual with demonstrated professional financial experience with 5+ years of life or health or annuity insurance experience
  • The Ideal Qualifications

  • Fellow of Society of Actuaries (FSA) or equivalent professional credential from a recognized professional actuarial association is a plus but neither is not a requirement
  • 5+ years of experience, preferably in the U.S. insurance market
  • Experience in reinsurance across life, health or annuity product lines and capital management
  • 2+ years of experience with Moody's AXIS
  • Self-motivated and independent with strong analytical, strategic & critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges
  • Effective time management, planning and organization skills
  • Strong interpersonal and communication skills : ability to convey complex issues, explain methodologies and influence resolutions in writing and orally
  • Ability to rapidly respond to changes in direction, tight deadlines and high-pressure situations
  • What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Reinsurance Development Team
  • Focused one-on-one meetings with your manager, the reinsurance actuary
  • Networking opportunities including access to Asian, Hispanic / Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
  • Access to learning and development content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business practices with industry leading pay and benefits
  • #LI-ST1 MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

    serp_jobs.job_alerts.create_a_job

    Actuary • Springfield, Massachusetts, US

    Job_description.internal_linking.related_jobs
    • serp_jobs.job_card.promoted
    Remote Finance Director - AI Trainer

    Remote Finance Director - AI Trainer

    Data AnnotationHolyoke, Massachusetts
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time +1
    We are looking for a finance professional to join our team to train AI models.You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the q...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    Remote Finance Advisor - AI Trainer

    Remote Finance Advisor - AI Trainer

    Data AnnotationHolyoke, Massachusetts
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time +1
    We are looking for a finance professional to join our team to train AI models.You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the q...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    Travel Nurse Level I RN - LDRP - Labor Delivery Recovery & Postpartum

    Travel Nurse Level I RN - LDRP - Labor Delivery Recovery & Postpartum

    Nationwide Therapy GroupStafford, CT, US
    serp_jobs.job_card.full_time
    Nationwide Therapy Group is seeking a travel nurse RN LDRP - Labor Delivery Recovery & Postpartum Level I for a travel nursing job in Stafford Springs, Connecticut.Job Description & Require...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_days
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Auto Claims Performance Consultant

    Auto Claims Performance Consultant

    VirtualVocationsHartford, Connecticut, United States
    serp_jobs.job_card.full_time
    A company is looking for a Performance Consultant for the Good Hands Repair Network, working remotely in the CST / EST time zones. Key Responsibilities Drive performance excellence and ensure repair...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Property Claims Representative- Renter Programs

    Property Claims Representative- Renter Programs

    AmTrust FinancialSouthington, CT, United States
    serp_jobs.job_card.full_time
    Property Claims Representative- Renter Programs.US-TX-Dallas | US-KS-Overland Park | US-TX-Dallas | US-NY-Latham | US-UT-TBD | US-CT-Southington. Under moderate supervision The Property Claim Repres...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    Sales Representative (Remote)

    Sales Representative (Remote)

    American Income LifeEast Village, MA, US
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time
    A Sales Career That Grows With You.Are you looking for a career path that gives you the freedom and flexibility to control your schedule, but also has the security and stability of a large company?...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    Program Director, Traub Careers in Business and Finance

    Program Director, Traub Careers in Business and Finance

    Amherst CollegeAmherst, MA, United States
    serp_jobs.job_card.full_time
    Program Director, Traub Careers in Business and Finance.Amherst has taken a leadership role among highly selective liberal arts colleges and universities in successfully diversifying the racial, so...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_days
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Texas Licensed Mortgage Loan Officer

    Texas Licensed Mortgage Loan Officer

    VirtualVocationsSpringfield, Massachusetts, United States
    serp_jobs.job_card.full_time
    A company is looking for a Loan Officer in TX, AZ, or TN.Key Responsibilities Perform activities requiring an NMLS Loan Originator license Review applications from manufactured home retailer par...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Travel Telemetry RN

    Travel Telemetry RN

    Medical SolutionsPalmer, MA, US
    serp_jobs.job_card.full_time
    Medical Solutions is seeking a travel nurse RN Telemetry for a travel nursing job in Palmer, Massachusetts.Job Description & Requirements. We’re seeking talented healthcare professionals w...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    Revenue Cycle Analyst

    Revenue Cycle Analyst

    VirtualVocationsHartford, Connecticut, United States
    serp_jobs.job_card.full_time
    A company is looking for a Revenue Cycle Analyst I.Key Responsibilities Manage claims and ensure timely submission of insurance claims while maintaining billing accuracy Review system dashboards...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Refund Dispute Specialist

    Refund Dispute Specialist

    VirtualVocationsSpringfield, Massachusetts, United States
    serp_jobs.job_card.full_time
    A company is looking for a Refund Dispute Specialist responsible for processing payer refund requests and managing disputes in accordance with regulations and policies. Key Responsibilities Proces...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Certified Revenue Cycle Specialist

    Certified Revenue Cycle Specialist

    VirtualVocationsSpringfield, Massachusetts, United States
    serp_jobs.job_card.full_time
    A company is looking for an Accounts Receivable Specialist.Key Responsibilities Track insurance payments and resolve payment issues using EPIC Work on process improvements, appeals, and account ...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Tax Preparer - 2+ Yrs Paid Tax Experience Required

    Tax Preparer - 2+ Yrs Paid Tax Experience Required

    IntuitGRANBY, Massachusetts, United States
    serp_jobs.job_card.full_time
    Intuit is seeking highly motivated individuals to join our dynamic team as dedicated TurboTax Live Seasonal Local Service Associates in one of our new TurboTax locations across the United States on...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Tax Expert

    Tax Expert

    IntuitGranby, MA, United States
    serp_jobs.job_card.full_time
    Intuit is seeking highly motivated individuals to join our dynamic team as dedicated TurboTax Live Seasonal Local Service Experts in one of our new TurboTax locations across the United States on a ...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_days
    • serp_jobs.job_card.promoted
    Actuarial Senior Consultant

    Actuarial Senior Consultant

    VirtualVocationsHartford, Connecticut, United States
    serp_jobs.job_card.full_time
    A company is looking for an Actuarial Senior Consultant specializing in Annuity Modeling.Key Responsibilities : Lead the implementation of new products and regulations in Moody's AXIS, collaborati...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Licensed Auto Claims Supervisor

    Licensed Auto Claims Supervisor

    VirtualVocationsHartford, Connecticut, United States
    serp_jobs.job_card.full_time
    A company is looking for a Claims Supervisor - Auto PD.Key Responsibilities Supervise and lead a liability claims team to ensure high-quality service Promote best practices for claims handling i...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Underwriting Consultant

    Underwriting Consultant

    VirtualVocationsSpringfield, Massachusetts, United States
    serp_jobs.job_card.full_time
    A company is looking for an Underwriting Consultant.Key Responsibilities Calculate rates, assess risk, and evaluate financial impact using established rating methodologies Interpret claims and a...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Actuary - Reinsurance

    Actuary - Reinsurance

    MassMutualHartford, Connecticut, US
    serp_jobs.job_card.full_time
    Actuary Reinsurance Development Team within Corporate Actuarial Full-Time Boston, MA or Springfield, MA The Opportunity MassMutual is seeking a well-rounded, motivated financial professional to j...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    • serp_jobs.job_card.new
    Tax Associate

    Tax Associate

    IntuitGRANBY, Massachusetts, United States
    serp_jobs.job_card.full_time
    Intuit is seeking highly motivated individuals to join our dynamic team as dedicated TurboTax Live Seasonal Local Service Associates in one of our new TurboTax locations across the United States on...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_variable_hours
    • serp_jobs.job_card.promoted
    Claims Adjuster

    Claims Adjuster

    VirtualVocationsSpringfield, Massachusetts, United States
    serp_jobs.job_card.full_time
    A company is looking for an Auto and General Liability Claims Adjuster - Public Entity Claims.Key Responsibilities Analyze claims exposure and execute decision-making to resolve claims effectivel...serp_jobs.internal_linking.show_moreserp_jobs.last_updated.last_updated_30