Mutual Opportunities
Director of Dividend Analytics
Springfield, Massachusetts; Boston, 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 innovative andmotivated actuary to join the Dividend Management Team. As part of the Dividend Management and Experience Studies organization within Corporate Actuarial, this is a high-impact leadership role responsible for overseeing the execution of the annual dividend schedule process, illustration regulation testing, and dividend analytics. The Director of Dividend Analytics will manage a team of 3 to 4 and play a key role in driving continuous improvement and modernization of our systems, processes and analytics.
The Team
The Dividend Management Team is comprised of actuaries and financial professionals responsible for shaping MassMutual’s dividend strategy and overseeing the annual dividend schedule development and recommendation. We combine actuarial insight, analytical rigor and cross‑functional partnership to support decisions that align with MassMutual’s long‑term strategic objectives and commitment to delivering value to participating policyowners. We operate with a culture of collaboration, transparency, and continuous improvement.
The Impact:
You will influence MassMutual’s dividend strategy through analytics, modeling oversight, and implementation efforts, helping the company continue to deliver long‑term value aligned with its mutuality promise. Key responsibilities include:
- Drive Strategic Dividend Planning: Lead the annual dividend schedule development, managing three development cycles and dividend models that support re-pricing and illustration regulation testing
- Shape Financial Outcomes: Provide critical analysis of the annual Dividend Schedule in alignment with strategic & financial goals, including scenario analysis for financials, sales, and capital, and support the development of 3-4 Board presentations
- Lead Competitive & Dividend Liability Analytics: Oversee competitive benchmarking and dividend liability analytics to inform the annual dividend schedule recommendation
- Champion Innovation in Systems & Processes: Oversee the design, recommendation, and implementation of systems and process improvements, including the conversion of dividend models into a future state platform
- Ensure Governance & Operational Excellence: Conduct code reviews, approve production changes, and ensure robust governance and control standards across dividend models
- Foster Continuous Improvement: Cultivate a culture of innovation by proactively identifying opportunities to enhance systems, methodologies, and team capabilities
The Minimum Qualifications
- ASA designation
- Bachelor’s degree in mathematics, Actuarial Science, Finance, or related field
- 5+ years of actuarial experience
The Ideal Qualifications
- FSA designation
- 7+ years of actuarial experience with 4+ years of experience with life insurance products
- Proven ability to lead teams, manage competing priorities, and drive results in a complex environment
- Strong modeling skills including experience with Python
- Strong technical skills including proficiency in Microsoft Excel, Access and VBA
- Strong analytical and creative problem-solving skills including the use of AI
- Ability to create simple, powerful, and data-driven communications
- Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences
- Navigates complex and ambiguous problems with agility and resiliency
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Dividend Management team
- Focused one-on-one meetings with your manager
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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 business 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.
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: $159,800-$209,700
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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