Quantitative Consultant
massmutualEast Boston, MA
Quantitative Consultant
massmutualEast Boston, MA
4 days ago
Industries
Portfolio Management and Investment AdviceDirect Life Insurance CarriersAll Other Insurance Related ActivitiesAbout the role
The Opportunity:
Join MassMutual's LTC Inforce Management Team and help drive the success of our stand-alone and hybrid Long-Term Care products. As a Quantitative Consultant, you'll work in a fast-paced, collaborative environment, partnering across the organization to support key initiatives including inforce repricing, annual rate certifications, illustration testing, dividend analysis, and wellness programs. This is an exciting opportunity to apply your analytical expertise, influence business decisions, and make a meaningful impact on a highly visible business. The TeamThe LTC Inforce Management Team is responsible for inforce management for our stand-alone LTC and hybrid products. This team consists of both actuaries and non-actuaries that work collaboratively with many areas throughout the organization. Team members are expected to work collaboratively with both internal and external partners, form an opinion, advocate for our policyowners and the company, and drive action.
The Impact:
This role includes, but is not limited to, supporting annual rate certifications, dividend analysis, illustration regulation testing, and inforce rate increases by:
- Becoming an LTC subject matter expert regarding the product design, data, and how data is used across the organization
- Collaborating within cross-functional teams that can include but is not limited to valuation, pricing, claims, operations, reinsurance, legal, compliance, and external partners
- Developing and maintaining clear step-by-step documentation of modeling policies, procedures, calculations, and assumptions that meet all statutory and ASOP requirements
- Driving continuous improvement and automation efforts by keeping innovation at the forefront, improving processes and practices, advocating for change and optimal value across the organization, asking questions and challenging the status quo, and taking ownership and personal responsibility
- Supporting other team initiatives as needed
- The Minimum Qualifications
Bachelor's degree with a quantitative focus (e.g., Finance, Economics, Mathematics, Statistics, Actuarial Science, Data/Business Analytics)3+ years of experience in an insurance field (LTC, DI, life, health, etc.)2+ years of data analysis experience 2+ years Proficiency in Microsoft Excel and Microsoft Office Suite, including working knowledge (e.g., pivot tables, ability to work with existing macros)
The Ideal Qualifications
Previous LTC experienceVBA experience
Power BI experience
Financial modeling capability
Actuarial certification or exams a plus, but not required
Strong communication skills, written and verbal
Ability to build and maintain strong working relationships with cross-functional groups
Strong analytic and problem-solving skills
Ability to manage priorities and adapt quickly to achieve goals
What to Expect as Part of MassMutual and the Team
Regular meetings with the LTC Inforce Management Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-KM1MassMutual 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.
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JOB OVERVIEW
Experience level
Senior
Location
East Boston, MA
Occupation
Financial Quantitative Analysts
Industry
Portfolio Management and Investment Advice
Posted
4 days ago
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