Mutual Opportunities
Modeling Actuary
Springfield, 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
As a Modeling Actuary on the Dividend Analytics team, you will help build, maintain, and enhance the Python-based actuarial models and applications that support MassMutual's participating whole life products and dividend management processes. Working at the intersection of actuarial expertise and modern model development, you will partner with subject matter experts to translate complex business and modeling requirements into sustainable, well-governed solutions.
You will play a key role in the evolution of a modernized modeling platform, ensuring critical business models remain accurate, supportable, and adaptable as business needs evolve. Successful candidates will develop expertise in participating whole life products and dividend management concepts while helping advance the organization's long-term modeling capabilities.
The Team
The Dividend Analytics team sits within the DIMES organization in Corporate Actuarial and plays a critical role in maintaining and enhancing the models and analytics behind MassMutual's annual dividend, a direct reflection of the company’s long-standing commitment to sharing its financial success with participating policyowners.
As a member of this small, highly specialized team with deep business and modeling expertise, you will play a central role in modernizing the team's dividend models within a Python environment while strengthening the team's long-term modeling, governance, and analytical capabilities.
The Impact
- Primarily responsible for the conversion, ongoing enhancement, and long-term ownership of the Python-based dividend modeling platform supporting MassMutual's participating whole life products.
- Translate business requirements, model enhancements, and analytical requests into maintainable, well-documented solutions.
- Partner with actuarial subject matter experts to support model validation, testing, and production readiness.
- Promote sound development standards, testing frameworks, documentation, and modeling best practices.
- Over time, take on broader responsibilities within Dividend Analytics, extending beyond the modeling platform into the team's core analytical and dividend-setting work, including assumption development, regulatory testing, and dividend liability analysis.
The Minimum Qualifications
- Bachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field.
- ASA designation.
- 5+ years of actuarial experience within insurance, financial services, or a related quantitative field.
- 3+ years of Python programming experience supporting analytical, actuarial, or modeling applications.
- Experience developing, maintaining, validating, or enhancing actuarial, financial, or other complex quantitative models.
- Demonstrated ability to translate business requirements into maintainable solutions while independently managing multiple priorities.
The Ideal Qualifications
- FSA designation.
- Experience with the design, pricing, modeling, or inforce management of participating life insurance products.
- Experience modernizing or converting legacy actuarial models into modern platforms.
- Understanding of model controls, governance, and risk management, including the ability to implement model development and management best practices.
- Strong collaboration and communication skills, with the ability to work across technical and non-technical audiences and navigate ambiguity.
What You can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
- Regular collaboration with actuarial and business subject matter experts responsible for critical dividend management processes.
- Opportunities to help shape the future of a modernized modeling platform and tackle complex actuarial, financial, and analytical modeling challenges.
- Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes.
- Access to learning, development, and internal networks that support continuous growth and skill-building over time.
- Employee-led communities and forums that foster connection, learning, and inclusion across the organization.
- A culture grounded in integrity, responsibility, and stewardship, supported by a company with a strong legacy and a future-focused mindset.
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: $144,800-$190,000
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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