Mutual Opportunities

Director of Annuity Valuation
Springfield, Massachusetts; Boston, 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
Director of Annuity Valuation
Full-Time
Springfield, MA or Boston, MA
The Opportunity
The Director of Annuity Valuation will lead the team responsible for the valuation and actuarial reporting of various annuity blocks including acquired and ceded blocks of business. This leadership role within the Valuation department will drive the delivery of accurate and timely financial information and analysis that is actionable and forward-thinking. This leader will be a trusted partner to various internal and external stakeholders and manage a team of quantitative professionals. The role requires valuation knowledge and expertise in both individual and group annuity products.
What Great Looks Like
This leader will exhibit strong leadership and communication skills in all aspects of this role ranging from presenting to management, interacting with internal and external stakeholders, to managing own team. This leader will demonstrate the ability to develop sound valuation methodologies and assumptions, efficient processes, and robust modeling capabilities to effectively deliver timely and insightful results. In addition, this individual will be proactive in developing team vision & strategy, driving continuous improvement of our valuation capabilities, and executing on projects effectively. This leader will play a key role in actively managing team performance and developing talents within the Valuation department at Mass Mutual.
The Key Objectives and Impact:
Leadership, Culture and Engagement: Consistently drive continuous improvement mindset and foster inclusive and engaging team culture
- Exhibits passion, curiosity and pursue learning opportunities. Takes ownership of professional development of self and team.
- Drive collaborative solutions and results by seeking and valuing diverse backgrounds, experiences, and perspectives, and driving execution.
- Maximize team effectiveness by driving a compelling vision & strategy, managing priorities effectively and adapting quickly to achieve goals.
- Earn confidence and trust by demonstrating ownership, commitment, and follow-through in achieving results.
- Give employees opportunities to learn and grow; and help them identify the developmental actions to help them improve.
- Create an environment where the team is inspired, engaged and motivated to deliver quality work and continuously improve capabilities.
- Reporting and Analysis: Produce quality and timely valuation results and provide business insights
- Oversee monthly/quarterly preparation, analysis and reporting of US Stat and GAAP reserves, other actuarial items.
- Ensure effective application of valuation governance framework for monthly/quarterly responsibilities, including process efficiency, control effectiveness, new product implementation, actuarial assumption/model change management, etc.
- Ensure accurate and timely delivery of annual actuarial exhibit filings, as well as ad-hoc regulatory inquiries on valuation matters.
- Drive thought process and implement reserve movement and attribution analytics, delivering business insights to management and stakeholders.
- Trusted Business Partner: Collaborate effectively and provide solutions for business partners
- Prepare and effectively communicate financial information to various customers (e.g. Corp Finance, ERM, Investment Management, Tax, Audit, etc.), demonstrating strong understanding of the drivers of the results.
- Understand and proactively manage valuation implications to pricing/repricing, reinsurance, and capital initiatives.
- Partner on new business initiatives and ensure appropriate implementation into valuation processes.
- Contribute to review of Annuity valuation assumptions and actively participate in experience studies/assumption governance framework.
- Valuation Methodology, Data and Models Management: Interpret, develop, and implement valuation methodologies, ensure appropriate usage of valuation input and output data, as well as valuation model management
- Perform or lead others through analysis and implementation of valuation issues, providing financial impact analysis and recommendations for action.
- Perform or lead others to monitor/influence/implement relevant emerging valuation regulation, determine appropriate actions, inform, and influence others, participating on industry committees as relevant.
- Apply knowledge of Annuity products and regulations to navigate complexity, ambiguity, and limitations in valuation software.
- Work directly with various audit stakeholders to demonstrate compliance with regulatory and model governance standards.
- Lead team on development, analysis, and enhancement of valuation data through partnering effectively with the Enterprise data team.
- Lead team on development, analysis and enhancement of valuation models through partnering effectively with the modeling team.
The Minimum Qualifications
- Bachelor’s Degree or higher
- Fellow of the Society of Actuaries
- 5+ years’ actuarial experience in valuation and reporting, and/or in annuity pricing, assumptions development, and risk management
- 3+ years’ exposure to valuation regulations and financial statements under US Statutory and GAAP reporting
- 1+ year of experience leading a project or key initiative
The Ideal Qualifications
- Member of the American Academy of Actuaries, and “Compliant” with regards to SOA CPD Attestation Status
- Strong modeling and technical skills, but also a healthy intellectual curiosity and willingness to think outside the box
- Ability to build and maintain strong working relationships across cross-functional groups and to proactively resolve issues
- Knowledge of annuity products, risk management techniques, regulations, and methodologies
- Experience with VBA, CASE and Prophet modeling platforms
- Expertise in data and model management
- Continuous improvement and strong controls mindset
- Strong working knowledge of US annuity products
- Strong communication skills, both written and verbal
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Annuity Valuation Team
- Focused one-on-one meetings with your manager
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups
- Access 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 nosiness 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: $152,100.00-$199,600.00
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*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 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?
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Head of Experience Journey Mapping
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