Mutual Opportunities
Actuary - Reinsurance
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five 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
Actuary
Reinsurance Development Team within Corporate Actuarial
Full-Time
Boston, MA or Springfield, MA
The Opportunity
MassMutual is seeking a well-rounded, motivated financial professional to join the Reinsurance Development team within the broader Corporate Actuarial team. In this function, this individual will cover all aspects of reinsurance across MassMutual and is expected to successfully partner with the various internal and external businesses and partners of the Organization. They will also take the lead on developing additional analytics to better understand our current and projected reinsurance performance.
The Team
Reinsurance Development operates as a small center of excellence for reinsurance across the company. The team includes a treaty consultant, a reinsurance actuary, a member of actuarial leadership development program (ALDP), and the reinsurance administration team. We manage all of MassMutual’s reinsurance relationships. The team leads and oversees all aspects of reinsurance including developing, negotiating, securing, and administering both traditional and financial reinsurance solutions to support the operational, risk and capital position of the Company. The team also develops and implements strategies to optimize the Company’s existing use of reinsurance while managing and overseeing reinsurance relationships across the organization. We thrive on identifying solutions and executing, but also on effectively managing all our agreements and ensuring appropriate controls and governance around all aspects of reinsurance.
The Impact:
- Provide technical expertise as the modeling lead for the team to produce output for regular reporting and ad-hoc analysis
- Help manage the use and direction of reinsurance across all lines of business for both inforce and new business balancing historical and expected go-forward profitability, risk appetite and existing exposures, contractual reinsurance obligations/requirements,
- In this role, the individual will lead work to develop an analytics framework on inforce reinsurance arrangements to assess performance and develop a better understanding of cash flows and economics with each reinsurer that will be regularly presented to management and used to help inform strategy decisions on the inforce reinsurance arrangements
- In this capacity, the individual will collaborate with members of the team and coordinate with reinsurance administration, valuation and product pricing teams
- Closely collaborate with
- Product, Pricing, and Assumption Oversight and Valuation teams to ensure adequacy and appropriateness of assumptions and strategies recommended as part of the reinsurance exercise,
- Reinsurance Administration team to ensure reinsurance solutions can be practically implemented, and provide guidance or to ensure administration is in compliance with the terms of the agreements
- Enterprise Risk Management to evaluate and monitor counterparty risk exposure against established thresholds
- The Reinsurance Development team to complete quarterly reporting and analytics for management to support discussions around reinsurance performance while overseeing routine reporting done by the ALDP member
- Develop relationships with external reinsurance counterparts, and manage the standard request for proposals and implementation of coverages, such as yearly renewable term pools, while collaborating with Product to analyze the reinsurance proposals and providing recommendations to the Head of Product and Chief Actuary
- Regularly attend strategy meetings with senior leadership, the Chief Actuary, other departments, and external reinsurance counterparts with opportunities to present and participate in discussions to ensure the use of reinsurance and expertise from the reinsurers is optimally utilized across the organization
- Attend one reinsurance conference per year to discuss strategy and priorities with external reinsurance counterparts
- Strategic thinking, clear communication, leadership running initiatives and solid partnership with the business and other departments
The Minimum Qualifications
- Bachelor’s Degree
- Associate of the Society of Actuaries (ASA)
- An individual with demonstrated professional financial experience with 5+ years of life or health or annuity insurance experience
The Ideal Qualifications
- Fellow of Society of Actuaries (FSA) or equivalent professional credential from a recognized professional actuarial association is a plus but neither is not a requirement
- 5+ years of experience, preferably in the U.S. insurance market
- Experience in reinsurance across life, health or annuity product lines and capital management
- 2+ years of experience with Moody’s AXIS
- Self-motivated and independent with strong analytical, strategic & critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges
- Effective time management, planning and organization skills
- Strong interpersonal and communication skills: ability to convey complex issues, explain methodologies and influence resolutions in writing and orally
- Ability to rapidly respond to changes in direction, tight deadlines and high-pressure situations
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Reinsurance Development Team
- Focused one-on-one meetings with your manager, the reinsurance actuary
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
- Access to learning and development content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business practices with industry leading pay and benefits
#LI-ST1
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.
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: $141,300-$185,400
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?
Kevin
Compliance Consultant
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Service Management Consultant
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Head of Experience Journey Mapping
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