Mutual Opportunities
Head of Institutional Risk and Actuarial Initiatives
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
Head of Institutional Risk and Actuarial Initiatives
Full-Time
Boston, MA or Springfield, MA
The Opportunity
The Head of Institutional Risk and Actuarial Initiatives will utilize their leadership, influence, business acumen, and deep actuarial knowledge to influence strategy and ensure the Institutional Solutions business is financially sound and risk controlled. The primary responsibilities will be liaising with ERM, finance and actuarial functions, profitability and financial analyses, risk reporting, and driving data-based decisions in support of the Institutional product lines. The role is within Institutional Solutions, a growing segment of MassMutual representing a key component of the company’s overall strategy.
The Team
The role collaborates with peers in the Institutional Product & Actuarial team to achieve Institutional Solutions’ strategic and financial objectives with risk discipline, ensuring adherence to corporate governance policies. This role will require strong financial acumen, familiarity with Institutional businesses, and ability to navigate and influence a diverse set of corporate stakeholders.
The Impact
This individual contributor role relies on robust actuarial experience to anticipate financial reporting impacts, capital efficiency opportunities, and potential areas of risk. In this role you will:
- Represent Institutional businesses on enterprise actuarial initiatives, including expenses, capital analysis, risk capacity, etc.
- Lead profitability reporting and partner with Financial Planning & Analysis for forecast and earnings analysis to achieve business outcomes and develop insights to influence product, pricing, and growth decisions.
- Deliver and evolve aggregated Institutional Solutions reporting of new business metrics, working collaboratively across the team.
- Partner with enterprise stakeholders to ensure appropriate allocation and efficient utilization of expense and capital in line with the company’s overall strategy.
- Lead Institutional Solutions assumption and model governance including development of process and standards, adherence to internal policies, etc.
- Evaluate and execute on risk and capacity management options (in partnership with business leaders and corporate functions) that promote long-term growth and risk management.
- Act as a Liaison to Enterprise Risk Management and Corporate Actuarial functions for Institutional Products
- Influence and contribute to ongoing business strategy and growth.
- Lead various Actuarial projects related to Institutional businesses.
The Minimum Qualifications
- An accomplished FSA with 10+ years of relevant actuarial experience.
The Ideal Qualifications
- An accomplished FSA with experience in institutional products, risk management, or finance
- Excellent interpersonal and communication skills (written, verbal, presentation)
- Demonstrates initiative and sense of urgency, delivering on multiple concurrent deliverables in a dynamic constantly evolving business line.
- Takes ownership and is results-orientated with high accountability.
- Commitment to transparency and inclusive behaviors in dealing with business and other cross functional teams.
- Influences and collaborates with business partners to accomplish joint goals.
- 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 achieve business objectives.
- Meticulous with strong analytical, critical thinking and problem-solving skills.
- Strong grasp of actuarial concepts, including the ability to quickly and independently evaluate and model new products and markets.
- Leads continuous improvement efforts.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Institutional Product & Actuarial 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 information platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.
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: $167,800-$220,200
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?
Candy
Marketing Consultant
Atsam
Head of Advisor/Client Experience & Business Excellence
Erica
Head of Procurement
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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