Python Modeling Actuary

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science or related technical field.
  • ASA designation required; FSA designation preferred.
  • 5+ years of actuarial experience in insurance or financial services.
  • 3+ years of Python programming experience for actuarial applications.
  • Experience in developing or enhancing complex quantitative models.

Responsibilities

  • Convert and enhance the Python-based dividend modeling platform.
  • Translate business needs into maintainable, well-documented solutions.
  • Collaborate with actuarial experts for model validation and testing.
  • Promote development standards and modeling best practices.
  • Expand responsibilities to include assumption development and dividend analysis.

Benefits

  • Meaningful work within a purpose-driven organization.
  • Collaboration with subject matter experts on critical processes.
  • Opportunity to influence the future of modeling platforms.
  • Focused areas of ownership with direct impact on outcomes.
  • Access to continuous learning and development opportunities.
  • Involvement in employee-led communities that promote inclusion.
Full Job Description
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 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 3474Primarily responsible for the conversion, ongoing enhancement, and long-term ownership of the Python-based dividend modeling platform supporting MassMutual's participating whole life products. 3474Translate business requirements, model enhancements, and analytical requests into maintainable, well-documented solutions. 3474Partner with actuarial subject matter experts to support model validation, testing, and production readiness. 3474Promote sound development standards, testing frameworks, documentation, and modeling best practices. 3474Over 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 3474Bachelor's degree in actuarial science, mathematics, statistics, data science, computer science, engineering, or a related quantitative or technical field. 3474ASA designation. 34745+ years of actuarial experience within insurance, financial services, or a related quantitative field. 34743+ years of Python programming experience supporting analytical, actuarial, or modeling applications. 3474Experience developing, maintaining, validating, or enhancing actuarial, financial, or other complex quantitative models. 3474Demonstrated ability to translate business requirements into maintainable solutions while independently managing multiple priorities. The Ideal Qualifications 3474FSA designation. 3474Experience with the design, pricing, modeling, or inforce management of participating life insurance products. 3474Experience modernizing or converting legacy actuarial models into modern platforms. 3474Understanding of model controls, governance, and risk management, including the ability to implement model development and management best practices. 3474Strong 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: 3474Regular collaboration with actuarial and business subject matter experts responsible for critical dividend management processes. 3474Opportunities to help shape the future of a modernized modeling platform and tackle complex actuarial, financial, and analytical modeling challenges. 3474Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes. 3474Access to learning, development, and internal networks that support continuous growth and skill-building over time. 3474Employee-led communities and forums that foster connection, learning, and inclusion across the organization. 3474A culture grounded in integrity, responsibility, and stewardship, supported by a company with a strong legacy and a future-focused mindset. Salary Range: $144,800-$190,000 At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

About Massachusetts Mutual Life Insurance Company (MassMutual)

Massachusetts Mutual Life Insurance Company (MassMutual) Careers

Joining the team at Massachusetts Mutual Life Insurance Company (MassMutual) offers more than just a job; it opens the door to a world of job opportunities where professional growth and personal development are encouraged and nurtured. Massachusetts Mutual Life Insurance Company (MassMutual) stands as a beacon of innovation, leadership, and diversity in the insurance industry.

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Internship Programs

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Employee Benefits and Culture

Massachusetts Mutual Life Insurance Company (MassMutual) is committed to supporting its team members not only in their professional lives but also in their personal growth. The company offers comprehensive benefits designed to nurture the well-being of its employees and their families. The culture at Massachusetts Mutual Life Insurance Company (MassMutual) is built on a foundation of respect, integrity, and diversity, fostering an environment where everyone can thrive.

Professional Development and Growth

Career growth at Massachusetts Mutual Life Insurance Company (MassMutual) is propelled by continuous learning and development opportunities. The company invests in diversity training, leadership programs, and innovation workshops to ensure that every team member has the resources to advance their career. Employees are encouraged to expand their knowledge base and acquire new skills through various training and development programs.

Networking and Innovation

At Massachusetts Mutual Life Insurance Company (MassMutual), networking and innovation go hand in hand. Employees are encouraged to connect with colleagues and industry professionals, enhancing their career prospects and contributing to the company's leadership in the market. The collaborative environment ensures that innovative ideas are shared and celebrated.

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