We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (13,492)
  • Industry Conferences (2)
  • Industry Job Openings (3)
  • Negative Media (128)
  • Positive Media (73)
  • Sheryl's Articles (517)
  • Sheryl's Blogs (149)
  • Wink's Articles (203)
  • Wink's Blogs (173)
  • Wink's Press Releases (80)
  • Blog Archives

  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • Actuary – Nontraditional Inforce Management: MassMutual

    October 8, 2019 by MassMutual

    Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.

    A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals.  Our employees are the foundation of what makes MassMutual a strong, stable and ethical business.  We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

    Together, we’re stronger.

    Description

    ​​

    SUMMARY

    The Non-Traditional Inforce Management (NTIM) team strives to be inforce non-traditional life product experts.  They deliver inforce product profit analysis and determine whether inforce participating products generated excess surplus and, if so, whether dividends should be paid.  Changes to non-guaranteed elements (Ex: cost of insurance charges, current expense charges and current premiums) will also be analyzed and, if needed, updated for current experience to reduce future accumulation of excess surplus.

    RESPONSIBILITIES

    This Actuary will leverage their technical expertise and thought leadership to provide insightful, compelling profit, excess surplus and non-guaranteed element development and analysis for MassMutual’s Chief Actuary & CFO, Executive Leadership Team and MassMutual’s Board of Directors. The role requires working closely with key actuaries and other leaders across CFO and MM, including those in experience studies, life product development and operations teams, legal, internal communications, and customer service.  Other responsibilities include annual illustration regulation testing and other key product-related analyses. 

    The Actuary will report to the Head of the Non-Traditional Inforce Management team and be responsible for primarily, strategic life and executive group life products:

    Inforce Product Profitability Analysis

    • Review, modify and monitor inforce product metrics used to prioritize the modeling and analysis based on product features, length of time inforce, and major drivers of excess surplus
    • Develop, maintain and enhance asset share models, where needed, to analyze inforce profitability for regular product reviews
    • Perform the regular product reviews – analyzing experience changes and determining recommendations.  Analyze results, communicate conclusions and recommendations, and formulate proposals to resolve problems

    Non-guaranteed Element Development

    • Repricing non-guaranteed elements, when needed, (cost of insurance charges, expense charges or current premiums) based on updated current experience. Analyze results, communicate conclusions and recommendations, and formulate proposals to resolve problems
    • Meet all statutory and ASOP requirements for assumptions and documentation
    • Lead implementation of non-guaranteed elements working with operations teams, legal, compliance, marketing, internal communications and customer service

    Illustrations Regulation Testing

    • This position develops the testing and documentation of Illustrations Regulation Testing for affected inforce strategic life and executive group life products.
    • Work closely with the Illustration Actuary and Illustration Actuary Oversight and ensure that all products pass testing

    Other Business Support

    • Model Governance and Controls – Assist in development of model governance for NTIM inforce models in accordance with the Dividend Management model governance requirements
    • Assist with similar analysis for other inforce universal life and term products

    QUALIFICATIONS

    • Fellow or Associate of the Society of Actuaries
    • 4+ years actuarial experience with life insurance products
    • Bachelor’s Degree required
    • Prior universal life and term product pricing experience required
    • Strong analytical and problem solving skills to effectively identify, communicate and develop solutions
    • Strong quantitative and technical skills
    • Strong oral and written communication skills, including ability to present complex issues such that others can readily understand them
    • Distill complex topics and use appropriate judgment to effectively communicate issues, information, and recommendations to peers and management
    • Ability to respond to changes in direction, tight deadlines and high pressure situations.
    • Ability to work individually and collaboratively with others at all levels and areas of MassMutual
    • Demonstrated ability to think both conceptually and analytically
    • Takes ownership and is results-oriented
    • Proficiency with MS Office products (Excel, VBA, Word, Access) required
    • Commitment to MassMutual’s Winning Ways: Act With Integrity, Focus on the Customer, Value People, Work Collaboratively, and Achieve Results
    • Must be authorized to work in the United States without requiring sponsorship now or in the future

    PREFERRED QUALIFICATIONS

    • Experience with programming languages (e.g. R, Python, SQL, C++, APL) a plus

    Ranked No. 93 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2018) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose:  We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

    CORE VALUES

    Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

    Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

    Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

    Work Collaboratively:  We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

    Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

    For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

    MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

    Click HERE to view via MassMutual.

    Originally Posted at MassMutual on October 2019 by MassMutual.

    currency