Actuary
- Health Valuation MassMutual
- 3.7 Springfield, MA Job Details $144,800
- $190,000 a year 9 hours ago Benefits Commuter assistance Caregiver leave Paid holidays Health insurance Dental insurance 401(k) Tuition reimbursement Paid time off 401(k) 10% Match Bereavement leave Qualifications ASA Bachelor's degree Industry knowledge of financial regulations Financial statement interpretation Financial data analysis tools Data analysis software Full 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 At MassMutual, we're helping millions of people secure their financial future. To support our growing impact, we're looking to hire an Actuary to join our Health Valuation team. In this role, you will lead complex valuation work, shape actuarial methodology for Long-Term Care and Supplemental Health products, and influence key financial and business decisions through deep technical expertise, sound judgment, and strong cross-functional partnership. The Team The Health Valuation team protects the long-term interests of policyholders by ensuring MassMutual can meet its future obligations. The team is responsible for more than $7 billion in direct statutory reserves and oversees statutory, GAAP, and tax valuation and reporting for Disability Income, Long-Term Care, and Supplemental Health products across retail and worksite channels. As a member of this team, you will take on highly visible work with broad impact across financial reporting, regulatory compliance, inforce management, and business strategy. The Impact As an Actuary, you will serve as a technical leader for valuation methodology, modeling, and financial analysis across Long-Term Care Combo and Supplemental Health products. You will lead complex work independently, strengthen valuation frameworks and controls, and partner across actuarial, finance, risk, and product teams to deliver insights that support accurate reporting, sound governance, and strategic decision-making. Lead the design, enhancement, and governance of valuation methodologies for Long-Term Care Combo and Supplemental Health products across statutory, GAAP, and tax frameworks. Own complex actuarial models and analyses, including model development, validation, documentation, and ongoing enhancements that improve scalability, controls, and accuracy. Interpret and communicate financial results, emerging experience, and methodology impacts to actuarial and non-actuarial stakeholders in a clear, actionable way. Partner with pricing, finance, risk, and product teams to support assumption governance, new product development, and strategic business decisions. Drive continuous improvement by modernizing processes, strengthening controls, and identifying opportunities to improve efficiency and insight generation. Serve as a subject matter expert and trusted partner on highly visible projects, regulatory change, and key valuation initiatives. Minimum Qualifications Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field ASA designation 5+ years of actuarial experience in valuation, financial reporting, or related actuarial functions. 3+ years of experience working in actuarial modeling software (e.g., AXIS) and data tools (SQL, Python preferred) 3+ years of experience with product specifications, valuation regulations, modeling assumptions, inforce policy data The Ideal Qualifications FSA designation Executive presence and strong communication skills, with the ability to influence technical and non-technical stakeholders. Experience with Long-Term Care Combo, Supplemental Health, or other complex health products. Expertise in model governance, data management, and controls in a production valuation environment. A track record of modernizing processes and strengthening actuarial infrastructure. Ability to build trusted partnerships across actuarial, finance, risk, and product teams. Experience interpreting and explaining financial results for highly visible valuation or cash flow testing work. Demonstrated accountability and ownership of long-term independent projects Ability to translate complex actuarial concepts into actionable insights for stakeholders 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.
