Job: Quantitative Specialist, Annuity Pricing

Jobing Description

Job Post - 50381007

Job Title

Quantitative Specialist, Annuity Pricing

Employment Type

Regular Full-time

Location

Enfield BRIGHT MEADOW - MMFG

Reference Code

0002-NC50381007_001

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

This role supports the liability hedging for the Mass Mutual VA business

Job Summary

This position typically is not an Actuary, not pursuing actuarial designation, but an incumbent may have one or two exams

Develop methodologies, assumptions, qualifications, and computer programs, using a variety of programming languages and

software, to capture data for complex actuarial analyses. Require broad-based knowledge of actuarial business functions,

statistical methods of analysis, company actuarial systems and databases, and their integration, and technical facility with

leading computer tools and technology.

Job Responsibilities & Requirements

Hedging Production. In this role, the candidate will take ownership of the hedging production process. The candidate will be

responsible for producing liability Greeks and attribution analysis. The candidate will also be required to analyze results and

perform reasonableness checks and ensure data quality and model integrity. The candidate will also support the testing and

implementation of model/process improvements. Analytical Enhancements & Process Improvements. As the candidate gains

experience with liability hedging, it is expected that the candidate will actively be involved in making the process and quality

of analytics better. This includes being an active participant in the idea generation and prioritization of various analytical and

process enhancements to the hedging program such as improving ways to look at results and summarize/communicate

results. The candidate should also view the production process with a critical eye and identify ways to improve it by

expandingautomations, condensing runs, and reducing inefficiencies. The candidate will be expected to fully understand

issues, make recommendations, and assist in implementing the enhancements. Modeling. The candidate will become an

expert on the hedgingmodel and is expected to identify areas where the model can be improved for increased efficiency and

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accuracy. Hedging Strategies. Work with both liability and asset hedging teams to understand and evaluate current hedge

strategies to ensure optimal hedge strategy as market conditions change New Product Development. Work closely with

pricing & product development actuaries to assess risk in variable annuity products. Skill Development Actuarial Modeling.

The candidate will become proficient in actuarial software. While previous modeling experience is a plus, it is not required

Analytical & Critical Thinking. The candidate will learn to analyze results with a critical eye, ensuring results are accurate and

reasonable. The candidate will also learn to solve complex problems, both from a real world perspective and a modeling

perspective. Communication. The candidate will sharpen communication skills while working in cross functional teams and in

presenting complex technical results to both actuaries and non actuaries Ownership. The candidate will have ownership and

accountability for the models and results.

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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