Actuary Financial Projection Modeling (Modeling Center of Excellence)
Pay: $144,800–$190,000/yr
Posted: 2 days ago
Location: Springfield, MA (Hybrid)
Last Updated: 16 hours ago
Hours: Full-Time
Expires: 10/22/2026
Job Description
Overview At MassMutual, actuaries play a key role in the company's strategic decision-making. They support our expanding client base by developing innovative products, identifying new market opportunities, and driving initiatives that fuel business growth. Our actuarial team draws intellectually curious individuals who want to work somewhere where they're empowered to make change. At MassMutual you'll find challenging and impactful work, a culture of recognition, and a supportive growth environment. Job Description The Opportunity As the Actuary for Financial Projection Modeling, you'll join the Modeling Center of Excellence (COE)—the team powering enterprise‑wide insights across FP&A, ALM, ERM, Treasury, and Capital Management. You'll take ownership of the projection models leaders rely on, shaping financial outcomes across GAAP, Statutory, and economic bases. Your work will influence how risk is evaluated, capital is deployed, and strategy is set. This is a high‑visibility, high‑impact role for an actuary ready to make a real mark at enterprise scale. The Team The team operates as a high‑impact Modeling Center of Excellence, bringing together advanced modeling expertise, strong business partnership, and technical innovation. The team collaborates closely across finance, actuarial, and enterprise stakeholders to translate complex challenges into scalable, data‑driven solutions. Known for blending deep quantitative rigor with practical application, the group sets consistent modeling standards while continuously evolving methodologies. Team members are empowered to influence enterprise decisions through thoughtful analysis and forward‑looking insights. This environment is ideal for professionals who thrive at the intersection of technical excellence, collaboration, and strategic impact. The Impact As the Actuary for Financial Projection Modeling, you will play a critical role on a highly visible and innovative team. This role is ideal for a results‑driven actuary who thrives as a subject‑matter expert in actuarial modeling platforms such as FIS Prophet (and/or
GGY AXIS
). You will have deep, hands‑on ownership of model development, execution, and governance, directly influence key financial projections and decision‑make. Leveraging your technical expertise and leadership mindset, you will help strengthen modeling capabilities, consistency, and scalability across the organization. This is a unique opportunity to combine technical mastery with meaningful business impact in a fast‑evolving modeling environment. Actuarial Modeling & Execution Serve as the SME for Prophet or GGY Axis actuarial models, including architecture, coding standards, assumptions implementation, and performance optimization. Design, build, and enhance actuarial projection models supporting forecasting, capital planning, ALM, stress testing, and management reporting. Execute model runs across GAAP, Statutory, and economic bases; validate results and investigate drivers and variances. Troubleshoot complex modeling issues and support post-production and ad-hoc model requests. Governance & Controls Implement and maintain modeling governance standards including documentation, version control, testing, audit trails, and reproducible execution. Partner with Assumptions and Experience Studies teams to implement approved assumption changes and quantify impacts. Perform model testing, regression testing, UAT support, and model validation activities. Support model governance and model risk management, including documentation of methodologies, controls and limitations Collaboration & Technology Collaborate with FP&A, Valuation, ERM, Treasury, Investment Management, and Technology teams to translate business needs into modeling solutions. Act as a trusted advisor on model capabilities, limitations, and appropriate use of outputs. Partner with Enterprise Technology teams on Prophet system maintenance, access, infrastructure, and scalability initiatives. The Minimum Qualifications Bachelor's degree in Mathematics, Actuarial Science, Finance, Computer/Data Science, or a related discipline 5+ years of progressive actuarial experience within insurance, risk, or financial services ASA Designation 2+ years using actuarial projection platforms such as FIS Prophet, GGY AXIS, or comparable tools 3+ years of experience supporting life insurance or annuity products 2+ years of experience producing, validating, and analyzing projections across GAAP, Statutory, and economic bases 2+ years' experience in programming languages such as Python, R or Java The Ideal Qualifications FSA designation Experience with C++ Exposure to actuarial projection methodologies Experience supporting enterprise use cases such as forecasting, capital planning, ALM, or ERM Familiarity with modeling governance frameworks, model risk management, and audit expectations Experience with cloud‑based or high‑performance actuarial computing environments Demonstrated ability to collaborate effectively within a matrixed, cross‑functional team environment What You Can Expect at MassMutual MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect: Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes A collaborative environment where perspectives are welcomed Access to learning, development, and internal networks that support continuous growth and skill-building over time Employee-led communities and forums that foster connection, learning, and inclusion across the organization A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset #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.
California residents:
For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page. MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range:
$144,800-$190,000 Award-Winning Culture MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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. We strive to build a thriving community where everyone is valued, included, and feels that they belong. At MassMutual, we Live Mutual. How We Work MassMutual's flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year. Benefits for the whole you (and your loved ones) There's more to your life than your job and there's more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you'd expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave. Explore some of our offerings below. Paid Time Off In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to care for yourself or someone you love—whether for physical illness or mental health. Health & Well-Being In addition to top-line medical and dental coverage, personalized mental health solutions, on-site and virtual health coaching, and much more, MassMutual reimburses employees up to $1,250 per year for eligible expenses supporting mental, physical, and financial well-being. Financial Well-Being In addition to competitive salaries and bonuses, educational assistance programs, and much more, MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution. Taking Care MassMutual offers generous maternity and parental leaves, as well as bereavement leave to mourn the loss of a loved one (and the employee defines 'loved one'). In addition, we offer up to 320 hours of caregiver leave to help employees support loved ones in times of need. Giving Back MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donation dollars to eligible nonprofit organizations up to $5,000 annually. Commuter Benefits MassMutual offers a Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars, as well as a commuter wallet option for employees based at Boston and NYC campuses.
Benefits
Paid Time Off (PTO)
Bereavement/Mental Health Leave
401(k) Plans
Health Insurance
Review key factors to help you decide if the role fits your goals.