Annuity Pricing & Implementation AssociateAnnuity Product TeamFull-TimeSpringfield, MA or Boston, MA

The Opportunity

As a member of the Income Annuity Pricing team, you will help support the product management and pricing of MassMutual’s multibillion-dollar annuity business.

You will work in a collaborative environment partnering with a diverse group of stakeholders representing product, sales, marketing, technology, and risk management.

This role will largely focus on the rate implementation of MassMutual’s full annuity suite with a secondary focus on pricing support for the income annuity business.

The Team

The Annuity Pricing team is a motivated group dedicated to maintaining our position as a market leader in the annuity space. In this role you will primarily interact with the Annuity Product team, distribution (Career Agency and third party), marketing, technology, and corporate oversight teams.

The role will report to the Director of Income Annuity Pricing.

The ImpactLead the end-to-end annuity rate implementation process, ensuring both accuracy and efficiencyDrive process improvements and partner with Product Marketing to streamline and enhance the rate implementation processServe as the data steward for annuity pricing, maintaining data integrity, and ensuring the accuracy of pricing models and assumptionsSupport the rate setting of income annuities by providing insights and recommendations to optimize profitability and competitivenessEvaluate pricing for large case requestsSupport the pricing review and approval process with both Corporate Actuarial and ProductContribute to strategic initiatives to grow and optimize the income annuity suite

The Minimum QualificationsBachelor’s degree in accounting, actuarial science, economics, finance, or related discipline3+ years of actuarial, financial, pricing or related experience2+ years of advanced knowledge of Excel ( advanced features including pivot tables, VLOOKUPs, etc)

The Ideal Qualifications5+ years of actuarial, financial, pricing or related experienceS trong analytical and financial modeling skills, including experience in Prophet, SQL, and Alteryx.Detail-oriented with strong organizational, critical thinking, and problem-solving skillsExcellent interpersonal and communication skills (written, verbal, presentation) with an ability to convey technical ideas to non-technical audiencesComfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problemDemonstrated initiative and has a sense of urgency; takes ownership and is results-oriented in a fast-paced work environmentPassion for process improvement/developmentKnowledge of annuity products and pricing

What to Expect as Part of MassMutual and the TeamRegular meetings with the Annuity Product teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-ST1MassMutual 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.

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