New Product Pricing Actuary- Product & Pricing Department

DescriptionNew Product Pricing Actuary, Product and Pricing DepartmentFull-Time, Cincinnati, OhioReports to: Sam Toepfer, AVP, Head of New Product PricingDescriptionAs a leading provider of annuities, MassMutual Ascend is committed to taking financial futures above and beyond. This means offering innovative products that fit our customers’ unique needs – whether it’s protecting their hard-earned savings, receiving guaranteed income, or providing for loved ones. MassMutual Ascend is proud to offer customers a level of strength and stability they can count on for years to come.The OpportunityThe New Product Pricing Actuary will analyze, price and assess the risk of new designs and improvements to existing products. As a New Product Pricing Actuary, you will oversee the work of an actuarial analyst and collaborate across all areas of the company.Job ResponsibilitiesPrice and assist in the development of new annuity products (Fixed, Fixed Indexed and Registered Index-Linked) and riders (Income and Death Benefit)Translate complex pricing concepts/analysis into a simplified, easy to understand resultsAssess risks associated with annuity products/riders and analyze mitigants for those risksReview new strategies and their potential impacts on pricing returns and renewal ratesBuild detailed, comprehensive pricing models based on product designBalance pricing granularity vs. efficiency; balance detail with realistic best practiceDemonstrate results are in line with corporate standardsAnticipate internal / external business challenges and / or regulatory issuesManage and/or oversee work of one actuarial analystCollaborate with the New Product Pricing LeadCollaborate across MassMutual Ascend Product and Pricing, Enterprise Risk Management, Financial Actuarial, Finance, Sales, Marketing, Legal and IT; MassMutual Corporate Actuarial and Business Analytics, Enterprise Risk Management and Investment Management; and third-party relationships such as reinsurersMinimum QualificationsCareer ASA, pursuing FSA or FSAAt least 7 years of experienceWorking knowledge of annuity pricing, including STAT accountingExperience with actuarial projections and analysis of Fixed Indexed Annuities and Registered Index-Linked AnnuitiesExperience with actuarial projection softwareStrong analytic skillsSolid communication and interpersonal skillsAttention to detail and ownership of resultsIdeal QualificationsExperience with Prophet modeling softwareExtensive knowledge or pricing experience with Registered Index-Linked Annuities, Fixed Indexed Annuities, and Fixed Deferred AnnuitiesSupervisory experienceWhat To Expect Focused one-on-one meetings with your managerFocused one-on-one meetings with your direct reportOngoing opportunities for development and learningWorking in a fast-paced environment with available flexible work schedulesA place to grow your career in a culture that inspires, rewards and develops employeesSmall company feel with a focus on meeting customer’s needs today and also well into the futureWhy Join Us.At MassMutual Ascend, our collaborative culture is key to our success. It’s the reason we’re a leading provider of annuities today, and it’s the reason we’ll continue rising to the top tomorrow. A career at MassMutual Ascend means you’ll contribute to our mission of taking financial futures above and beyond – and you’ll be inspired to reach your own goals, too. As a wholly owned subsidiary of MassMutual, MassMutual Ascend continues to be an employer of choice in the Cincinnati, Ohio community.MassMutual Ascend Life Insurance Company is an Equal Employment Opportunity employer. We welcome all persons to apply. At MassMutual Ascend 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..