Mutual Opportunities
Actuary – Pension Risk Transfer (PRT) Pricing
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for seven consecutive years!
Overview
At MassMutual, actuaries play a key role in the company’s strategic decision-making. They support our expanding client base by developing innovative products, identifying new market opportunities, and driving initiatives that fuel business growth.
Our actuarial team draws intellectually curious individuals who want to work somewhere where they’re empowered to make change. At MassMutual you’ll find challenging and impactful work, a culture of recognition, and a supportive growth environment.
“At MassMutual, our actuarial community is driven by a shared commitment to excellence, innovation, and impact. We empower our actuaries to grow through meaningful work, collaborative teams, and a culture that values both technical rigor and human connection. Whether you're just starting out or advancing your career, you'll find opportunities here to shape the future of financial security while building a career that matters.”
Job Description
The Opportunity
MassMutual is seeking an Actuary to join our growing Pension Risk Transfer (PRT) team, a key part of our Institutional Solutions business. This is an opportunity to apply your actuarial and pricing expertise to some of the industry's most complex and strategic pension transactions while helping drive the continued growth of our PRT business. In this role, you will support pricing, analysis and underwriting of both the US Pension Risk Transfer and UK longevity reinsurance markets. You’ll also contribute to proposal development, product enhancements, and contract review for high-profile transactions. Working closely with colleagues in internal operations and corporate functions, you will help shape pricing decisions, evaluate risks, and build relationships with key intermediaries. If you enjoy solving complex financial problems, applying data-driven insights, and seeing your work directly impact business outcomes, this role offers significant visibility, challenge, and opportunity for growth.
The Team
You’ll join the Pension Risk Transfer Pricing team, a high-performing group responsible for pricing and evaluating MassMutual’s pension risk transfer and longevity reinsurance transactions. The team plays a critical role in informing pricing and risk decisions that directly impact business outcomes and growth. We foster a highly collaborative environment where team members partner closely with colleagues across actuarial, investments, valuation, and business development functions. This role offers opportunities to strengthen technical expertise, broaden your business knowledge, and make a meaningful impact on a business that continues to grow.
The Impact
- Pricing of US Pension Risk Transfer and UK longevity reinsurance opportunities
- Underwriting and Development of proposals of new business
- Risks analyses and product development & modifications including contract and certificate reviews of group annuity products
- Work with Pricing, Product, and Corporate teams on approvals, assumptions, pricing processes, and exceptions
- Modifying pricing models and sensitivity testing
- Solicit & analyze competitive data
- Develop and maintain relationship with consultants and advisors
- Actuarial projects in support of the Pension Risk Transfer business
Minimum Qualifications
- Bachelor’s degree in actuarial science, mathematics, statistics, finance, or related discipline.
- 5+ years of experience in an actuarial, quantitative, or financial analysis role, including experience with pricing, valuation, modeling, risk analysis or related analytical work.
- ASA Designation
Ideal Qualifications
- FSA Designation
- Knowledgeable in aspects of pension/retirement, pension risk transfer, or longevity reinsurance a plus
- Demonstrates initiative and sense of urgency; takes ownership and is results-orientated
- Ability to effectively manage and deliver on multiple concurrent deliverables
- Disciplined approach to strategic initiatives, business projects and day-to-day activities
- Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
- Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
- Detail oriented with strong analytical, critical thinking and problem-solving skills
- Excellent interpersonal and communication skills (written, verbal, presentation)
- Advanced business degree and/or professional qualifications
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.
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.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $144,800-$190,000
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 85% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say the work they do at MassMutual is meaningful - 85% of employee respondents say they feel encouraged to come up with new and better ways of doing things
*Source: 2025 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Candy
Marketing Consultant
Atsam
Head of Advisor/Client Experience & Business Excellence
Erica
Head of Procurement
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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