Mutual Opportunities
Expense Actuary
Springfield, Massachusetts; Boston, Massachusetts; New York, New York
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
The Opportunity
The Product & Distribution Expense Strategy team within Corporate Actuarial is looking for an energetic actuary with strong analytical skills to join the team as an Expense Actuary. Reporting to the Head of Product & Distribution Expense Strategy, you will support the Product & Distribution Expense team and have the opportunity to use your business analytic skills to provide a detailed understanding of how our business works, make recommendations to improve our performance, become the expense expert within several product lines/functions, and perform analysis that reaches the highest levels of the organization. The team’s efforts have significant impact across all lines of business, including Life Insurance, Annuity, Disability Income, Worksite Insurance, and Institutional products as well as functions such as Pricing, Corporate Actuarial, Finance, Underwriting, Operations, and ETX.
The Team
The Product & Distribution Expense Strategy team is a high performing group of actuaries and financial professionals dedicated to shaping the company’s expense landscape through actuarial expertise, advanced analytics, and strategic insight. Distinct from Strategic Expense Management and FP&A, this team is uniquely positioned at the intersection of actuarial science and business strategy, directly informing product pricing, distribution economics, and enterprise financial outcomes.
The team thrives in a fast-paced environment where bespoke analysis and ad hoc requests are common. Their work is characterized by intellectual rigor, objectivity, and a collaborative spirit, making them respected thought partners for expense-related insights across actuarial, financial, and business domains. The team thrives on solving complex, cross-functional challenges and is committed to continuous improvement, knowledge sharing, and building organizational capacity for the future.
The Impact:
The team is actively looking for an Actuary who can work independently, quickly understand and assess a situation, and collaborate within and across teams to effect positive change. You will use interpersonal skills to engage teams in problem solving key issues and use your analytical skills to develop value-added insights. The results of these expense analyses will support recommendations and communications to various senior business leaders.
Key Responsibilities include:
- Provide subject matter expertise to internal stakeholders, including pricing teams, finance teams, etc., for specific lines of business/functions
- Work assigned line of businesses/functions to analyze expense strategies for that line of business and associated impacts on the enterprise
- Perform Pricing versus Actual/Forecasted expense analysis
- Support development of new expense models and processes, identify and implement continuous improvement opportunities, and regularly adapt current technology applications, procedures, techniques and tools to meet business needs
- Partner with Product to provide expense analysis, financial drivers, and a marketplace perspective on product ideation to support MassMutual’s competitive positioning
- Embrace a growth mindset and collaborating with other teams on improving understanding and education on the reasons behind the expenses and other enterprise trends
- Support substantive strategic problem-solving efforts – thought leadership (e.g., defining key questions and problem-solving hypothesis), stakeholder engagement (e.g., leading stakeholder interactions and providing constructive challenge), and team leadership (e.g., leading the research/analysis with cross functional teams)
- Generate impact as a trusted advisor by maintaining the ability to see the big picture in inherently complex and dynamic situations and demonstrating a strong sense for value in both prioritizing and solving problems.
- Role model behaviors (e.g., high energy, self-driven, strong interpersonal skills, intellectual curiosity, highest level of professionalism, inclusive behaviors, orientation towards client and team instead of self)
The Minimum Qualifications
- Bachelor’s Degree in Mathematics, Actuarial Science, Finance or Computer/Data Science or related field
- 5+ years of actuarial experience working in insurance, risk or financial services
- Associate of the Society of Actuaries
The Ideal Qualifications
- New or Near Fellow of the Society of Actuaries
- Member, American Academy of Actuaries a plus
- Experience with insurance products, insurance accounting and finance, and product profitability
- Experience processing, manipulating, validating, and analyzing large amounts of data by utilizing the latest technology (i.e. Excel, SQL, Alteryx, etc.) and leveraging generative AI tools to enhance workflows, analysis and efficiency
- Ability to quickly break down problems in a structured manner and prioritize analysis
- Ability to analyze complex data and draw out insights and implications
- Ability to create simple, powerful, and data-driven communications
- Strategic thinker who can work independently and distill findings into key conclusions and recommendations
- Self-motivated and driven self-starter
- Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences
- Authorized to work in the US with or without sponsorship now or in the future
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Product & Distribution Expense Strategy
- 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: $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
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
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