Quantitative Consultant
About the job
- A bachelor's degree with a quantitative focus, such as Finance, Economics, Mathematics, Statistics, Actuarial Science, Data Analytics, or Business Analytics, or a high school diploma with 10 years of professional experience.
- At least 3 years of experience working with data analysis.
- At least 3 years of experience modeling in Excel, including formulas such as XLOOKUP, INDEX/MATCH, COUNTIF, SUMIF, COUNTIFS, and SUMIFS, and data validation.
- Develop models and requirements to ensure customers receive accurate values from systems and operational processes, using models to validate system calculations, support requirement traceability, identify calculation discrepancies, and provide documentation for testing, implementation, and operational readiness.
- Take accountability for deliverables and collaborate with team members to complete tasks accurately and on time while following established coding structures and standards for Python and Excel model development.
- Plan and communicate effectively when multiple team members are working in the same Python or Excel model, coordinating to avoid conflicts and maintain model integrity.
- Communicate with business partners, translate technical and non-technical information clearly, and keep stakeholders informed of status and deliverables.
- Apply actuarial and statistical methods, using tools and peer support as needed.
- Reduce costs through process improvements, automation, and strategic handoffs to business partners.
- Navigate complexity and ambiguity by exploring multiple solutions while balancing the needs of customers, actuarial functions, product, systems, operations, the field, legal, and compliance.
- Collaborate with cross-functional teams to define product calculation requirements for new and existing life products and develop Python- or Excel-based models to support and validate those requirements.
- Support testing of life product rates and values during product launches and system upgrades, maintaining data integrity and process continuity.
- Support existing life products during administration system conversions, maintaining data integrity and process continuity.
- Provide defect analysis and resolution as needed to address system or calculation issues.
- Life insurance expertise, ideally including MassMutual products, and financial services experience.
- Experience with life insurance administration platforms such as tradVantage, adVantage, LifeComm, Product Engine, MPR, OPM, or Haven Tech.
- Strong technical skills in Python, SQL, Excel VBA, advanced Excel, and workflow automation.
- Experience gathering requirements and supporting business testing for system conversions.
- Strong analytical, problem-solving, decision-making, and presentation skills.
- Advanced Microsoft Office proficiency, particularly Excel and Word.
- Excellent communication and relationship-building skills across business, ETX, and vendor partners.
- Ability to manage multiple priorities and work in a fast-paced, collaborative environment.
About the company
MassMutual sells life insurance, disability income insurance, long-term care coverage and annuities to individuals, families and businesses across the United States. It is a mutual insurer owned by its participating policyowners rather than outside shareholders, and it returns part of its profits to them each year as dividends on whole life policies. Customers usually buy through MassMutual's career agents and financial professionals, who help them choose coverage and plan for retirement. The company makes money from premiums and from investing the reserves it holds to pay future claims. MassMutual was founded in 1851 and is based in Springfield, Massachusetts.
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
Fair Oaks Ranch, Texas
Founded
1851
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Simplify's Take
What believers are saying
- Your employer is on solid footing: 2025 operating earnings hit a record of nearly $3.9 billion, reported March 2026.
- Advisor annuities are accelerating: MassMutual Ascend passed $2 billion in lifetime advisory annuity sales by August 2026.
- Wealth businesses widen career paths: client assets in MassMutual's wealth units hit a record $312 billion in 2025.
What critics are saying
- A bigger mutual rival outpays it: Northwestern Mutual set a $9.2 billion 2026 dividend, triple MassMutual's $2.9 billion.
- Expect office days: MassMutual's hybrid policy requires staff in its Springfield or Boston offices three days a week.
- It is selling part of its asset manager: MS&AD agreed in November 2025 to buy an 18% stake in Barings.
What makes MassMutual unique
- It owns a global investment firm: its Barings subsidiary managed about $502 billion for institutions by June 2026.
- It invests in startups worldwide: MassMutual Ventures runs separate funds for North America and Israel, and for Europe and Asia.
- Its payout streak is unbroken: MassMutual has paid whole life policy dividends every year since 1869.
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Company News
MassMutual reported strong 2025 financial results, with statutory operating earnings reaching a record $3.9 billion. The mutual life insurance company achieved sales of $43 billion from its domestic insurance operations and grew client assets in wealth management to a record $312 billion. The company maintained its position as a top whole life insurance provider and increased total life insurance protection to nearly $1.1 trillion. MassMutual approved a record $2.9 billion dividend payout to eligible participating policyowners for 2026, the highest in its history. Total adjusted capital grew to $34.4 billion, with all four major rating agencies affirming MassMutual's ratings. The company paid $10.3 billion in insurance and annuity benefits during the year. MassMutual is celebrating its 175th anniversary in 2026.
Cincinnati Development Fund awarded grant to aid Affordable Housing projects. The Cincinnati Development Fund (CDF) has been awarded a new grant to aid in its mission to help local developers build more affordable housing. On Tuesday, the CDF says it secured a $400,000 grant from the MassMutual Foundation to support its Affordable Housing Leverage Fund, which helps advance local housing production goals and preserve existing affordable units. CDF says the grant will expand its ability to offer catalytic financing that helps local developers overcome early funding challenges and produce projects more efficiently. "We are honored to receive this support from the MassMutual Foundation and to see national partners recognize the strength of our model," Joe Huber, CEO of CDF, said in a press release. "This funding enhances our ability to meet the region's growing demand for affordable housing, and it affirms Cincinnati's leadership in creating innovative solutions that can be replicated across the country." "Cincinnati Development Fund is delivering measurable, community-centered impact for families and neighborhoods through the Affordable Housing Leverage Fund," said Dennis Duquette, president and CEO of the MassMutual Foundation. "We are proud to support a model that not only strengthens communities but also demonstrates how strategic financing can advance long-term, scalable change." CDF says its Affordable Housing Leverage Fund's success has attracted interest from national institutions, foundations and corporate partners. You can learn more about the fund here. In November, CDF was also awarded a $200,000 grant from the Key Bank Foundation to expand its Affordable Housing Leverage Fund.
MassMutual announces the appointment of Michael T. Rollings to its Board of Directors. SPRINGFIELD, Mass.-(BUSINESS WIRE)-MassMutual today announced it has elected Michael T. Rollings to the company's Board of Directors. "With his extensive leadership experience at financial services companies that have a proven track record of growth and market leadership, Mike is an excellent addition to our Board of Directors," said Roger Crandall, Chairman, President and CEO, MassMutual. "Along with his deep financial and operational background in both insurance and asset management, Mike has an exceptional understanding of how companies can best deliver long-term value to their customers. His insights and perspectives will greatly benefit both MassMutual and our policyowners." Rollings most recently served as the Chief Financial Officer and Managing Director of Finance at the Vanguard Group, a position he held from 2016 until his retirement in June of 2025. In this role, he led financial strategy and planning for the global asset investment manager with over $11 trillion in assets under management and oversaw more than 1,800 people across corporate financial functions, including treasury, financial planning and analysis, accounting operations, and fund financial services. During his tenure, he served as a strategic advisor to Vanguard's CEO, Board of Directors, and other key stakeholders, while also leading a transformation of the company's corporate and fund financial operations to best support investment and shareholder return. Prior to his time at Vanguard, Rollings held leadership roles at MassMutual for 15 years, including leading the company's Capital Markets and Treasury Operations team and serving as Chief Financial Officer from 2006 to 2016. "I'm deeply appreciative of the opportunity to join the Board of Directors at a purpose-driven company like MassMutual, which has continued to grow, thrive, and deliver value for its policyowners and customers for nearly 175 years," said Rollings. "I look forward to offering strategic counsel and insights in my new role, ultimately helping the company continue to fulfill its purpose of helping people secure their future and protect the ones they love." Rollings has served on several boards throughout his career, including the Financial Accounting Foundation, the Naismith Memorial Basketball Hall of Fame, the Springfield Museums, and the Georgetown University Board of Regents. He earned a bachelor's degree in business administration from Georgetown University and a master's degree in business from Northwestern University's J.L. Kellogg School of Management. About MassMutual MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
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