Head of Life Pricing in Springfield, MA

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Finance & Insurance   •  

11 - 15 years

Posted 8 weeks ago



Lead, manage, mentor, coach and develop a team of actuaries and quantitative analysts in order to meet the following requirements:

  • Maximize long term profit consistent with MMUS strategic objectives through product design, market positioning and profit analysis and modelling
  • Set priorities, balancing the often-conflicting needs and consideration of a wide variety of constituencies, ranging from external clients, producers, and vendors to other internal areas (Legal/Compliance, Finance, Service, Technology, etc.) to achieve both short term and long term objectives
  • Drive decisions and execution, collaborating with other areas to ensure that results and implications are appropriately understood and socialized
  • Team is responsible for developing all required actuarial filings and support documents required to secure product approval from industry regulators and corporate actuarial
  • Team is responsible for documenting procedures and assumptions to meet corporate governance standards and ensure knowledge transfer
  • Team is responsible for developing/enhancing/utilizing financial models to monitor portfolio profitability
  • Identify risks inherent in new and current product design and develop strategy and process to manage and mitigate
  • Present complex analysis in simple and straightforward manner to key stakeholders
  • Support the adoption, utilization and continuous improvement of analytical methodologies
  • Extract relevant insights from data
  • Form opinions, make decisions, and drive change
  • Incorporate predictive modeling to understand the potential impact on future experience associated with proposed business and underwriting decisions
  • Lead risk assessment and mitigation of new product development and product management
  • Comply with appropriate Actuarial Standards of Practice, Code of Professional Conduct, and company standards
  • Partner with Underwriting, Legal, Compliance, Corporate Actuarial to ensure product design, expected profitability, and overall risk profile are within corporate standards
  • Partner with our agent and general agent advisory committees to ensure we are developing the right products and they are priced to balance both sales and profitability needs
  • Partner with the marketing and sales organizations to best position our product portfolio in the marketplace
  • Develop and maintain professional relationships with strategic and financial management leaders across the enterprise including CFO, ERM, ALM, and ESAG Steering Committee
  • Support continuous improvement
  • Keeping innovation in the forefront
  • Improving processes and practices
  • Providing fresh perspectives, breakthrough ideas, and new paradigms to create value
  • Advocating for change, improvement and optimal value added across the organization
  • Asking questions and challenging the status quo


  • 10+ years relevant actuarial experience
  • Team leadership, coaching and mentoring
  • Experience with actuarial software and models
  • Ability to interact with technical and non-technical audiences at all levels, within and across organizational boundaries
  • Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities
  • Bachelor's degree in actuarial science, math, statistics, or related discipline
  • FSA, MAAA designations required
  • Candidates must be authorized to work in the United States without requiring sponsorship


  • Strong interpersonal and communication skills:
  • Strong understanding of the life insurance marketplace in the US
  • Strong understanding of life insurance distribution
  • Ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives
  • Sound business judgment in an environment of rapid change - ability to respond to changes in direction, tight deadlines and high-pressure situations
  • Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem
  • Takes ownership and is results-oriented