The OpportunityJoin MassMutual's LTC Inforce Management Team and help drive the success of our stand-alone and hybrid Long-Term Care products. As a Quantitative Consultant, you'll work in a fast-paced, collaborative environment, partnering across the organization to support key initiatives including inforce repricing, annual rate certifications, illustration testing, dividend analysis, and wellness programs. This is an exciting opportunity to apply your analytical expertise, influence business decisions, and make a meaningful impact on a highly visible business.
The TeamThe LTC Inforce Management Team is responsible for inforce management for our stand-alone LTC and hybrid products. This team consists of both actuaries and non-actuaries that work collaboratively with many areas throughout the organization. Team members are expected to work collaboratively with both internal and external partners, form an opinion, advocate for our policyowners and the company, and drive action.
The Impact:This role includes, but is not limited to, supporting annual rate certifications, dividend analysis, illustration regulation testing, and inforce rate increases by:
- Becoming an LTC subject matter expert regarding the product design, data, and how data is used across the organization
- Collaborating within cross-functional teams that can include but is not limited to valuation, pricing, claims, operations, reinsurance, legal, compliance, and external partners
- Developing and maintaining clear step-by-step documentation of modeling policies, procedures, calculations, and assumptions that meet all statutory and ASOP requirements
- Driving continuous improvement and automation efforts by keeping innovation at the forefront, improving processes and practices, advocating for change and optimal value across the organization, asking questions and challenging the status quo, and taking ownership and personal responsibility
- Supporting other team initiatives as needed
The Minimum Qualifications- Bachelor's degree with a quantitative focus (e.g., Finance, Economics, Mathematics, Statistics, Actuarial Science, Data/Business Analytics)
- 3+ years of experience in an insurance field (LTC, DI, life, health, etc.)
- 2+ years of data analysis experience
- 2+ years Proficiency in Microsoft Excel and Microsoft Office Suite, including working knowledge (e.g., pivot tables, ability to work with existing macros)
The Ideal Qualifications- Previous LTC experience
- VBA experience
- Power BI experience
- Financial modeling capability
- Actuarial certification or exams a plus, but not required
- Strong communication skills, written and verbal
- Ability to build and maintain strong working relationships with cross-functional groups
- Strong analytic and problem-solving skills
- Ability to manage priorities and adapt quickly to achieve goals
What to Expect as Part of MassMutual and the Team- Regular meetings with the LTC Inforce Management Team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-KM1
Salary Range:$102,500-$134,500
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.
