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Come Grow With Us

Head of Stable Value Product, Pricing and Investment Analysis

Boston, Massachusetts; Springfield, Massachusetts

Job ID: R16068

Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!


A career with us means you’ll help our customers secure their future and protect the ones they love. It also means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what makes MassMutual a strong, stable, and ethical business.

Our culture embodies the idea that we all are stronger and better through our support for one another. By valuing people for who they are, how they think, and what they bring to the table, we’ve become a better, more innovative company.

We invite you to explore the possibilities.

What our employees say

Roger Crandall
Roger CrandallCEO
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”

Job Description


Reports to: Head of Institutional Product and Actuarial

MassMutual is seeking an accomplished Leader and Actuary to join the company’s Institutional Product and Actuarial team within MassMutual Institutional Solutions.  The Institutional businesses, particularly Stable Value Investments are undergoing growth and represent a key component of the company’s overall business strategy. MassMutual is an industry leading provider of stable value with over three decades of stable value experience and a large book of business across a broad product suite of general account, separate account, CIT and wrapped solutions.

The Role:

This is a management role where the incumbent will utilize strong leadership, influence, product and technical knowledge to influence strategy and help drive risk-controlled profitable growth. The primary responsibilities will be to support the Stable Value line of business in areas of new product development, pricing as well as In-force product management, underwriting, and financial & risk management. A strong understanding of fixed income portfolio management and investment risk management is highly desirable.  This role requires deep collaborative mind-set and high accountability. A successful candidate will build effective relationships with key stakeholders such as head of the business, business team, product and actuarial oversight, legal and other MassMutual functions as well as interact with external clients, intermediaries and partners as needed. 

Key Responsibilities:

  • Management and development of the Stable Value actuarial team
  • Oversee the Stable Value pricing & product development process internally including prioritizing work being accountable for timely execution and delivery to the business
  • Oversee Stable Value asset and liability monitoring and management processes
  • Develop and bring to market new MassMutual products particularly in the Adviser segment of the market, including both general and separate account solutions
  • Oversee modifications of existing products including pricing, contracts, filing, risk assessment, and approvals from our corporate risk functions working in close partnership with the business lines
  • Maintenance of the Stable Value products including setting crediting rates, market value calculations, annuity rate calculations, and other product support needed for Stable Value
  • Manage team for underwriting new business and participating in contract negotiations as needed.
  • Financial & Risk analyses including capital usage, scenario modeling, investment strategies, risk limits, profit metrics, and actual to expected analyses
  • Risk Reporting and Re-Underwriting of Stable Value
  • Serve as a Key Liaison with corporate risk & finance functions, support the business as a critical technical partner
  • Solicit & analyze competitive data and develop strategies to ensure competitive pricing that fits within enterprise and business risk tolerances
  • Analyzing in depth available portfolio information underlying nearly 80 portfolios across various investment mandates representing over $30 Billion in assets
  • Leading other significant projects related to fixed income investments for Institutional Products
  • Assumptions & experience studies
  • Influence and contribute to ongoing business strategy and growth
  • Other unanticipated Stable Value actuarial projects in support of the Institutional businesses


  • An accomplished FSA with experience in pricing, product development or investments
  • 10+ years experience in an Actuarial leadership role
  • Exceptionally strong knowledge of fixed income markets and instruments
  • Prior work in understanding of the stable value products and markets – Institutional wrap as well as general account solutions applied to various Defined Contribution plans
  • Demonstrates initiative and sense of urgency; delivering on multiple concurrent deliverables that are not always known in advance in a dynamic constantly evolving business line
  • Takes ownership and is results-orientated with a high accountability
  • Commitment to transparency and inclusive behaviors in dealings with business and other cross functional teams
  • Strong management skills with the ability to develop, coach, and delegate to a team of actuaries
  • 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 to meet the needs of our clients
  • 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


MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
EEO Statement(Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.

Salary Range: $180,700.00-$237,100.00

Hiring Process

  • Explore

    To get started, 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 to receive information on jobs that may interest you and stay up-to-date with the latest MassMutual news.

  • Apply

    To apply for a specific position, please 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. Coordinating calendars for interview schedules can take time, so your patience and flexibility is appreciated.

  • 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!

Recruitment Fraud Awareness

Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.

MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.

If you are contacted by anyone asking for information outlined above it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us directly to verify its legitimacy.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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 embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.

At MassMutual, we Live Mutual.

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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 $1250 annual wellness wallet, and up to 320 hours of caregiver leave.

Explore some of our offerings below. Full benefits details can be found here

  • In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to take care of yourself or someone you love—whether for physical illness or mental health.
  • Medical and dental insurance
  • Life, disability short-term and long-term insurance
  • Well-being wallet: $1,250 per year for a wide range of qualifying wellness expenses
  • Well-being support: Mindfulness, nutrition, fitness
  • Personalized mental health solutions
  • Adoption and surrogacy reimbursement programs
  • Competitive salary and bonuses
  • 401(k): Up to 10% total benefit, consisting of a 5% company match and a 5% annual contribution
  • Educational assistance program
  • Childcare support
  • Financial counseling
  • Caregiver Leave (up to 320 hours)
  • Maternity Leave (a total of 18 weeks, 10 maternity + 8 parental)
  • Parental Leave (8 weeks for all parents, birth or adoption, continuous or intermittent)
  • Bereavement Leave: Up to 15 days to mourn the loss of a loved one, and you define 'loved one'
  • Matching Gift: 100% match on employees’ charitable contributions to non-profits up to $5,000
  • Volunteering: Three paid days for employees to volunteer with eligible nonprofits of their choice
  • Matching time: MassMutual Foundation awards dollars to organizations for which employees volunteer
  • Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars
  • Commuter wallet option for employees based at Boston and NYC campuses

Why MassMutual?

Compliance Consultant
Service Management Consultant
Head of Experience Journey Mapping

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.



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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


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