Job: Actuarial Consultant, Retirement Services

Jobing Description

Job Post - 50380569

Job Title

Actuarial Consultant, Retirement Services

Employment Type

Regular Full-time

Location

Springfield STATE ST - MMFG

Reference Code

0002-NC50380569_003

Company

Chartered in 1851, Massachusetts Mutual Life Insurance Company (



MassMutual



or the



Company



) is a leading mutual life

insurance company that is run for the benefit of its members and participating policyholders. The Company has a long history

of financial strength and strong performance, paying dividends to eligible participating policyholders every year since the

1860s. MassMutual is headquartered in Springfield, Massachusetts and its major subsidiaries include OppenheimerFunds,

Inc., Babson Capital Management LLC, Cornerstone Real Estate Advisers LLC, Baring Asset Management Limited and First

Mercantile Trust Company. MassMutual Financial Group (


MMFG



) is a marketing name for Massachusetts Mutual Life

Insurance Company and its affiliated companies and sales representatives. MMFG is a global, diversified financial services

organization providing life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services,

annuities, investment management, mutual funds and trust services to individual and institutional investors. With whole life

insurance as its foundation, the company


s strong and growing network of financial professionals helps clients make good

financial decisions for the long-term. MassMutual, or its subsidiaries, also have operations in Asia, Europe and Latin America.

MassMutual has maintained some of the highest financial strength ratings in any industry, and is committed to maintaining a

position of preeminent financial strength by achieving consistent, long-term profitable growth. In total, MassMutual worldwide

insurance in-force was $490 billion at the end of 2010, and assets under management were $448 billion. Premium and other

deposits totaled $27 billion for 2010. MassMutual is ranked 93 on the Fortune 500 list and was also named one of Fortunes



Most Admired



companies

Department

MassMutual Retirement Services is a fast growing division with strong sales, retention and customer service results.

Job Summary

This position provides experience with several key Retirement Services target markets: Defined Contribution, Defined

Benefit, Terminal Funding and Investment Only. The candidate will obtain a good understanding of the various markets

including the competitive landscape and MassMutual


s key value added services. The candidate will be responsible for

creating, updating and/or improving pricing models and experience studies that support these markets.

Job Responsibilities & Requirements

Responsibilities:

Conducts sensitivity testing analysis to quantify impact of key risks

Performs model office profitability analysis

Performs experience studies to validate and/or update assumptions in pricing models

Assists with case by case new business pricing, underwriting and/or re-pricing analysis

Obtains, documents and analyzes competitive pricing data

Makes improvements in models, tools, processes and documentation

Technical skills needed:
3+ years of experience. Associate of the Society of Actuaries preferred.

Strong Access and Excel working knowledge

Visual Basic knowledge a plus

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Competencies:

Analyzes issues and solves problems

Identifies improvements & generates new ideas and innovative solutions

Establishes plans & executes efficiently

Communicates effectively

Readily adapts to change

Works collaboratively

Winning Ways

Focus on the Customer:

Know your customers well; add value with a sense of urgency.

Act with Integrity:

Be trustworthy, adhere to high ethical standards and adhere to the letter and spirit of applicable laws,

rules, regulations and company policies

Value People:

Lead people to success; appreciate diverse backgrounds, ideas and experiences.

Work Collaboratively:

Partner with others to achieve results that leverage the right resources

Achieve Results:

Focus on winning; consistently exceeds expectations, beat the competition

MassMutual Financial Group is an Affirmative Action/Equal Employment Opportunity Employer (M/F/V/D).

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