The Opportunity

We are seeking a highly engaged Pricing Actuary to join a dynamic team environment for Life Pricing & Profitability. This individual will be organized, detail-oriented and excited to take accountability and ownership for their work.

As a member of the Life Insurance Pricing and Profitability team, you will partner with the Underwriting and Medical teams to evaluate new and existing underwriting programs. You will also monitor key profitability and business metrics and pricing assumptions, taking a holistic approach to assessing emerging experience across the life insurance portfolio. This role offers the opportunity to influence a product line that is critical to the company’s success.

The Team

The Life Pricing team is responsible for the pricing and profitability of MassMutual’s retail life insurance products. The team is comprised of a group of actuaries and quantitative analysts with extensive experience in life insurance pricing, product development, and modeling. The team is focused on meeting the needs of three key stakeholders – our policyholders, our distribution partners, and our company.

The Impact:

Underwriting Functions

• Represent Pricing and Product Management in the oversight and analysis of the accelerated underwriting program. Partner with internal stakeholders to develop analytics, communicate results, and influence future program enhancements.
• Monitor the MassExpress fluidless underwriting program, including mortality slippage, pass rates, and other key performance indicators, and partner with Underwriting on regular program oversight.
• Partner with New Business, Underwriting and Medical teams to assist in developing and assessing the protective value of key underwriting programs.
• Analyze underwriting performance and other portfolio-level risk indicators to identify emerging trends and support profitability objectives and risk management decisions.

Profitability and Emerging Experience Analytics

• Evaluate large and complex life insurance cases for alignment with profitability guidelines and the company’s risk appetite and provide analysis to support placement and capacity decisions.
• Perform analyses using VNB, IRR, profit margin, and other profitability metrics to support underwriting and business decisions.
• Perform sensitivity testing and scenario analysis to assess the impact of key assumptions, emerging risks, and business trends on profitability.
• Develop Power BI dashboards, presentations, and recurring reports that communicate profitability, new business performance, rider utilization, and emerging experience to facilitate management reporting.
• Analyze rider utilization and profitability to identify emerging trends, risks, and opportunities.
• Support the development, aggregation, validation, and communication of quarterly VNB reporting.
• Monitor, analyze and report on key business KPIs, providing insights to support strategic decision-making.

Product Design and Pricing

• Support life insurance product pricing by helping to develop assumptions for new products and maintaining clear documentation of final pricing decisions and assumptions.
• Provide ad hoc actuarial analysis and support for pricing, profitability, and product initiatives.

The Minimum Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
• ASA designation
• 5+ years of actuarial experience in pricing, experience studies or related actuarial functions.
• 1+ years of experience working with life insurance products
• 2+ years of experience actuarial models

The Ideal Qualifications

• FSA Designation
• Experience with accelerated underwriting programs a plus
• Experience with using Power BI, experience studies and data management a plus
• Life insurance pricing experience, along with exposure to coding/programming are a plus
• Ability to interact with technical and non-technical audiences at all levels, within and across organizational boundaries
• Strong interpersonal and communication skills: ability to document complex issues, methodologies, and resolutions such that others can readily understand them  
• Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities
• Ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives
• Sound business judgment in an environment of rapid change, and the ability to respond to changes in direction, tight deadlines, and high-pressure situations
• Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem
• Takes ownership and is results-orientated

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

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. 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.

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.