Mutual Opportunities
Head of Annuity Liability ALM
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
Head of Annuity Liability ALM
Corporate Actuarial
Full-Time, Boston, MA or Springfield, MA
The Opportunity
MassMutual isseekingan enthusiastic,well-roundedand motivated individual to lead theAnnuityLiabilityALMteam within theCorporate Actuarialorganization,reportingto the Head of Liability ALM Strategy.In thisrole, thisleaderwill be accountable for ALMstrategies ofannuity and annuity-like products(collectively“annuity” or“annuities”)inclosecollaboration withInvestmentManagementand Enterprise Risk Management. This leader will also partneracross Corporate Actuarial,CFO,andthe pricing teams of the various businessesin driving ALM related priorities.Annuityproducts include: MYGA, FIA, VA, Funding Agreements (FABN,FHLB,TradGIC,MuniGIC), PRT, SPIA, DIA, Structured Settlements, and others as assigned.
The Team
This is an opportunity to join a thriving insurance organization. Growth, innovation and a consistent focus on policyholders and customerssetsMassMutual apart and gives them a competitive edge in the market.We consistently challenge the organization to deliver stronger and better methods to achieve results and as a result are generating double digit sales growth year after year.
Reports to:Head ofLiabilityALM Strategy
Peers:Head of Life and HealthLiabilityALM
Subordinates:Manage a team ofthree (3)
The Impact
Evaluate, in collaboration with Investment Management and Enterprise Risk Management,the on-going fit and adequacy of existingAnnuityALMandVA/FIA hedgingstrategiesas market environment changesand make strategy,budget and other related recommendations, as applicable, whiletaking into accountcosts, risks and benefits of alternatives
Evaluate existingAnnuityALMand VA/FIAliabilitymodeling and applicable metrics & measures to improveexisting processes and/or make suggested changes
Partner with Investment Managementand Enterprise Risk Management to drive IOC and CFO agendaand deliver on priorities
Critically and logically build financial and/or non-financial analytical models that drive fact-based decision-making to support ALM decisionmadebytheleadership team
Provide thought leadership, technicalexpertise, and value-added support & guidance related toAnnuityALMand VA/FIA hedging
Support enforcement of corporate guidelines,governanceprocessesand any other regulatory requirements
Closely collaborate withProduct/PricingandProduct Pricing Oversight andto ensure adequacy and appropriateness of asset assumptions and ALM strategies recommended as part of the pricing exercise
Represent Corporate Actuarial on ALM topicsatvarious company committeesand working groupsas required(VARC, VAOC,FARC,ALWG, IOC, PAC, etc.)
Stay abreast ofemerging regulations as theyimpactapplicable aspectsofLiabilityALM,hedging, economicassumptionsand relatedactuarial work
Participation on select US, International and Corporateprojectsand initiativesas applicable
Champion a continuous improvement mindset
Team leadership, clearcommunicationandsolid partnership with the business and otherdepartments
The Minimum Qualifications
Fellow of Society of Actuaries (FSA),Chartered Financial Analyst (CFA)or equivalent professional credential from recognized professional actuarial association
7+years ofinsurance and annuity experience, preferably in the U.S. market, in areas such asALM, hedging,pricing, valuation, reinsurance and/or capital management
Strong knowledge of actuarial and risk management concepts and practices; experience with quantifying,analyzingand managing a range of product risks
Self-motivated and independent with strong analytical, 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,planningand organization skills
Strong interpersonal, communication and influencing skills: ability to convey complex issues, explain methodologies and influence resolutions in writing and orally
Ability torapidlyrespond to changes in direction, tightdeadlinesand high-pressure situations
#LI-LC1
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: $185,300-$243,100
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
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
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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