Head of Fixed & Income Annuity Pricing - MassMutual : Job Details

Head of Fixed & Income Annuity Pricing

Full-Time

Boston, MA, Springfield, MA or New York, NY

The Opportunity

As the Head of Fixed and Income Annuity Pricing you will manage a $15B annuity business for a top 5 carrier in the retail annuity market. You will work in a collaborative environment partnering with a diverse group of stakeholders representing both the sales and risk management sides of the business. This is a highly visible and strategic role with pricing responsibility for our fixed and income annuities.

The Team

The annuity pricing team is a motivated group focused on maintaining our position as a market leader in the annuity space. In this role you will interact mainly with the Annuity product team, distribution (Career Agency and third party), and corporate oversight teams to help us balance competitiveness and profitability.

The Impact:

• Lead a team of 4 with responsibility for the pricing of new and existing fixed and income products
• Oversee rate setting and rate implementation process for spot priced products balancing competitive positioning and profitability in accordance with our desired position in the market
• Partner with Investment Management and the ALM team to ensure business is appropriately hedged
• Go beyond technical analysis to orchestrate innovative and creative solutions that reflect current market trends while meeting our business objectives
• Take ownership in setting pricing assumptions and performing pricing analysis
• Lead pricing review and approval process with both Corporate Actuarial and Product
• Influence and provide key contributions to ongoing business strategy and growth

The Minimum Qualifications

• Bachelor's degree in actuarial science, math, statistics, or related discipline
• Fellow of the Society of Actuaries
• Experience with actuarial software such as Prophet, AXIS, or Alpha
• 8 to 10+ years experience in actuarial roles
• 3+ years of experience with pricing OR fixed & income products
• Deep understanding of the retail annuity marketplace and competitive landscape
• Experience leading, developing, and coaching a diverse team
• Ability to manage multiple concurrent deadlines and discern the appropriate level of precision for urgent tasks
• Ability to influence others and drive engagement
• Strong written and verbal communication including presenting results to senior management in Distribution, Product, and Corporate Oversight
• Ability to partner effectively with distribution leadership

The Ideal Qualifications

• ALM or annuity pricing, valuation, and/or modeling experience is preferred
• Experience in Prophet
• 3+ years of experience with pricing AND fixed & income products
• Demonstrated success dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
• Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
• Demonstrated approach to execute strategic initiatives, business projects and day-to-day activities simultaneously.

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Salary Range:

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees.Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. 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. At MassMutual, we Live Mutual.

MassMutual 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, pleasecontact usand share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.