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MassMutual

Sells mutual life insurance and annuities

Quantitative Consultant

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeSpringfield, MA, USAHybrid

About the Job

Requirements

  • 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.

Responsibilities

  • 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.

Desired Qualifications

  • 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 mutual life insurance and annuities

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
Not listed
Total funding
Not listed
Headquarters
Springfield, MA
Founded
1851

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