Mutual Opportunities
Head of Life and Health Financial Projection Models
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 Life & Health Financial Projection Models
Modeling COE, CFO Organization
Full-Time, Springfield, MA or Boston, MA
The Opportunity
MassMutual is seeking a visionary leader to serve as the Head of Life and Health Financial Projection models within our Modeling Center of Excellence (COE). This role offers a unique opportunity to shape the future of actuarial and financial modeling for life and health products, driving innovation and excellence across the organization. As the steward of our financial projection models, you will lead a high-performing team responsible for designing, developing, and governing models that support critical business functions such as forecasting, capital planning, asset-liability management (ALM), and stress testing. Your leadership will ensure these models are accurate, efficient, scalable and compliant with regulatory standards, while fostering collaboration with key stakeholders in Finance, Valuation, ALM, ERM, Investment Management and Technology. This is a strategic and influential position for a results-driven leader who combines deep technical expertise with strong business acumen, exceptional communication skills and a passion for developing talent. This role will report to the Head of Modeling Center of Excellence.
The Team
The Modeling Center of Excellence is a newly established team within MassMutual’s CFO organization. Its primary mission is to elevate our modeling capabilities and enhance the speed, quality, and fidelity of integrated financial projection models that support FP&A, ALM, capital planning, and other downstream processes.
The Impact
- Strategic Leadership: Contribute to setting the vision, priorities, and roadmap for the Modeling COE, ensuring alignment with enterprise objectives. Drive innovation in modeling techniques, tools, and processes to improve accuracy and efficiency.
- Collaboration & Influence: Build trusted relationships with cross-functional teams, influencing decision-making and driving consensus on complex modeling initiatives. Collaborate with leaders within the Finance organization to ensure alignment of modeling outputs with business objectives. Communicate complex modeling results to non-technical stakeholders in a clear and actionable manner. Partner with FP&A, Valuation, Capital Planning, Treasury, ALM, ERM, Investment Management and Product teams to deliver insights from projection models.
- Model Development & Governance: Oversee the design, development, and maintenance of life and health actuarial projection models used for FP&A, ALM and capital planning. Ensure financial projection models comply with regulatory requirements (e.g., US Statutory, LDTI GAAP and economic bases) and internal control standards. Lead model governance, including facilitating signoffs with ERM and audit while ensuring robust model governance, documentation, and validation frameworks.
- Model implementation and execution: Collaborate with cross-functional teams to support the assumption update processes. Execute, validate and refine projection model outputs while monitoring model infrastructure and performance.
- Talent Development: Actively manage team performance, provide coaching and mentorship, and create opportunities for professional growth to build a high-performing and engaged team. Manage resource allocation and prioritize projects to meet deadlines and strategic goals.
- Innovation & Continuous Improvement: Champion new ideas, tools, and methodologies to enhance modeling capabilities and maintain a competitive edge in industry. Explore emerging technologies (e.g., machine learning, predictive analytics) to enhance modeling capabilities.
The Minimum Qualifications
- FSA or equivalent actuarial designation
- Bachelors degree in Actuarial Science, Mathematics, Statistics, or related fields; advanced degree is ideal
- 10+ years of hands-on experience working with actuarial models, including more than 5+ years leading and managing high‑performing teams. This includes leading model development and production, setting technical direction, mentoring junior talents, and ensuring delivery of high‑quality analytical outputs that support key business decisions.
- Expertise in financial projection models, financial analysis, valuation frameworks, and regulatory standards. Experience includes developing, validating, and interpreting complex projection models; applying advanced valuation methodologies across multiple product lines; conducting robust financial and scenario analyses; and ensuring compliance with evolving regulatory requirements such as statutory, GAAP, and principles‑based frameworks.
The Ideal Qualifications and Key Competencies
- Deep technical proficiency in actuarial projection modeling and end-to-end processing
- Experience with Axis is highly preferred. Familiarity with Prophet, MGALFA, or other actuarial software is considered an asset
- Experience with programming languages such as Python, R, VBA, Java, or C# is considered an asset
- Excellent communication and stakeholder management skills.
- Strong leadership and team-building capabilities.
- Ability to influence and drive change across the organization.
- Strategic thinking and problem-solving.
- Innovative mindset
- Act with integrity, transparency and accountability
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Modeling Center of Excellence
- 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-LC1
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: $185,300-$243,100
Hiring Process
Explore
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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
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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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