Head of Worksite Life Pricing & Product Management

MassMutual is seeking a highly motivated and experienced worksite/group life actuary to take on a highly strategic, leadership role within MassMutual’s Health and Worksite Product organization.  Responsibilities include product development and inforce block management collaborating across a wide variety of functions including sales, operations, underwriting, corporate actuarial, finance, marketing and IT.  We’re looking for someone with a history of managing teams through change and a proven ability to build strong internal and external relationships.

KEY RELATIONSHIPS

Reports to:                                         Head of Health and Worksite Products, MMUS Product

Additional Relationships:                  Worksite Business, Corporate Actuarial, Marketing, Finance, Operations, Underwriting IT, Field Partners, External Industry Organizations,

This position has primary responsibility for leading the Group/Worksite Life product suite and team.  Specific aspects of this role include:

• Develop and drive the business plan for Group/Worksite Life with a continued focus on whole life and an innovative and thoughtful approach to looking for other market/product solutions
• Maximize long term profit consistent with MMUS strategic objectives which often require balancing conflicting needs and considerations, both short term and long term, of a wide variety of constituencies, ranging from external clients, producers, and vendors to other internal areas (Legal/Compliance, Finance, Service, Technology, etc.)
• Drive Group/Worksite Life Product Practices and Systems; building methodology and establishing standards of practice that are appropriate and consistent with MassMutual, Worksite, and MMUS Product  objectives
• Provide financial modeling, analysis and insight to Worksite Leadership; collaborate with MM CFO function to accurately predict and communicate future expenses, expected earnings and capital usage for the business

• Apply actuarial pricing and management models, building or enhancing them as necessary, across the suite of group life products
• Drive decisions and execution, collaborating with other areas to ensure that results and implications are appropriately understood and socialized.
• Monitor profitability and ongoing trends, e.g. competition, distribution, demographic, technology, etc. and refine strategy accordingly

• Oversight of new business capacity, risk management, and accountability for exception review
• Develop, coach, and guide a high caliber team with strong business acumen toward having, an execution oriented focus, strong analytical and critical thinking skills, intellectual curiosity, and a collaborative approach to solving complex issues or problems, identifying solutions and leading by example
• Contribute to the effectiveness and utilization of the workforce ensuring a safe, challenging and inclusive work environment for all employees by focusing on communication, reinforcement of the Company’s values and culture, and employee engagement and development

CANDIDATE QUALIFICATIONS:

• Fellow in the Society of Actuaries (preferred)
• 10+ years as an FSA in a strategic leadership position. (preferred)
• Deep and thorough understanding of group/worksite life insurance products (whole life, term insurance, UL and VUL and hybrid ltc riders) and landscape. Ability to translate this information into innovative strategy recommendations.
• Expert level knowledge of industry best practices and go-to-market strategies.
• Strong interpersonal and communication skills; able to document complex issues, methodologies, and resolutions such that others can readily understand them
• Proven ability to develop, lead, and manage a diverse team
• Demonstrated ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives
• Sound business judgment in an environment of rapid change
• Comfortable dealing with both complexity and ambiguity, and an ability to explore multiple solutions to a problem

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