Actuarial Consultant - Internal Audit

Actuarial Consultant, Internal AuditActuarial and Investments Audit TeamFull-timeSpringfield, MA or Boston, MAThe OpportunityAs an Actuarial Consultant, Internal Audit, you will provide crucial assistance during internal audit activities, helping to complete specific tasks within the overall scope of the audit project. You will have the opportunity to function as an operational risk and control expert, providing advice/mentoring to audit associates and business area management while advocating compliance with standards for audit, actuarial, risk, financial and investments standards and best practices.The TeamCorporate Audit consists of approximately 50 professionals across MassMutual businesses at several locations worldwide. Our work directly contributes to supporting MassMutual’s strategic focus on growing the business, enhancing profitability, and focusing on the customer. Internal Auditors evaluate business processes, risks, and controls, providing guidance towards more effective, efficient, and reliable internal controls.The ImpactAs a member of the Actuarial & Investments (A&I) Audit team you will report directly to the Head of Actuarial & Investments Audit, and you will work collaboratively across the team. As an A&I auditor you will have sufficient knowledge and credibility to be considered a trusted advisor and demonstrate professional courage. Our stakeholders expect audits of controversial topics and areas where MassMutual may not be performing well. The impact you will have on the organization at large will come from evaluating company practices, processes, controls, governance, and risk management.Responsibilities for the Actuary, Internal Auditor will include, but are not limited to the following:Audit valuation, pricing, product development, financial planning & analysis, investments, asset-liability management, hedging, and risk managementValidate actuarial, investment, risk, and financial areas for consistency with internal and external standards and best practicesPartner with other Corporate Audit teams on cross-functional auditsInspire others by articulating how our work aligns with MassMutual’s purpose and strategyAdvocate continuous improvement efforts by driving decisions and executionEvaluate methods, assumptions, processes, and controls for reasonableness, compliance, and consistency with internal and external standards, including actuarial standards of practiceAttract talent, develop the team, and coach the team to deliver valuable audit work covering all actuarial functions and meeting professional audit standardsInfluence and collaborate with business partners to improve controls and governanceRecommend and negotiate appropriate business solutions to manage identified and emerging risksInvolved in activities such as preparation of detailed programs for actuarial and investment audits, review of complex calculations and processes, and assessment of procedures to determine efficiency, effectiveness, and compliance with policies and standardsServe as the subject matter expert, provide advice, coach, and facilitate training of new auditorsThe Minimum QualificationsBachelor’s Degree in actuarial science, mathematics, statistics, or related disciplineActively pursuing an Associates of the Society of Actuaries or Fellowship (ASA or FSA)2+ years of progressive actuarial or audit experienceThe Ideal Qualifications4+ years of relevant actuarial experienceDemonstrated versatility in communicating up, down, and across the organization by working with others and demonstrated ability to steer discussions with various levels of leadership across the enterpriseExperience concurrently leading complex projects involving many functional stakeholdersDemonstrated knowledge of insurance concepts, investments, risk management, financial reporting and analysis, pricing / product development, valuation, ALM, and hedgingWorks self-sufficiently, enthusiastically engaging clients and peers to complete value-added assignments within the defined project scope and timelinesAbility to quickly familiarize with new practice areas and understand business challengesExperience performing audit techniques including evaluating risks and controls, testing calculations, validation of team audit work, and negotiating control improvements and confirming their implementationKnowledge of life, annuity, DI, and/or LTC productsDemonstrates a strong understanding of risk concepts including inherent and residual risks as well as how to assess the design and effectiveness of internal controlsExperience with any actuarial projection software such as GGY AXIS or ProphetFamiliarity with general programing languages and visualization tools such as R, Python, SQL, Alation, MicroStrategy, and TableauWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Actuarial & Investments Audit TeamFocused one-on.-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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 benefitsMassMutual 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.