Actuarial Director of Life Products Financial Reporting

About the role

The Actuarial Director of Life Products Financial Reporting will lead a high-impact team where your expertise will directly shape financial insights, influence strategic decisions, and drive the future of valuation at MassMutual. This is a unique opportunity to lead in a dynamic environment where innovation, collaboration, and continuous improvement are at the forefront.

Responsibilities

• Lead timely and accurate valuation reporting for US Stat and GAAP reserves and related actuarial items.
• Ensure effective application of valuation governance frameworks, maintaining strong controls, efficient processes, and successful implementation of new products.
• Oversee delivery of annual actuarial filings and support regulatory inquiries with accuracy and responsiveness.
• Guide quantitative teams in transforming data management and valuation processes, including production, financial exhibits, and external surveys.
• Develop and deliver reserve movement and attribution analytics, translating results into clear business insights for stakeholders.
• Collaborate cross-functionally to deliver actionable financial insights to partners across Finance, ERM, Investments, Tax, and Audit.
• Clearly communicate results and key drivers, demonstrating a strong understanding of valuation impacts.
• Anticipate and manage valuation implications related to pricing, reinsurance, and capital initiatives.
• Partner on new business efforts, ensuring seamless integration into valuation processes.
• Provide clear valuation requirements to internal and external technology partners.
• Contribute to assumption setting and governance, including participation in experience studies and ongoing review processes.
• Lead analysis and implementation of valuation methodologies, delivering insights, financial impact assessments, and recommendations.
• Stay ahead of emerging regulations, influencing adoption and ensuring alignment through active participation in industry initiatives when appropriate.
• Ensure compliance with regulatory and model governance standards in collaboration with audit stakeholders.
• Drive enhancements in valuation data and modeling capabilities through strong partnerships with enterprise data and modeling teams.
• Oversee continuous improvement of valuation models and data processes to strengthen accuracy, scalability, and efficiency.

Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, data science or closely related field.
• Fellow of the Society of Actuaries.
• 5+ years’ actuarial experience in valuation and reporting, and/or in life pricing, assumptions development, risk management.
• 3+ years’ exposure to valuation regulations and financial statements under US Statutory and GAAP reporting.

Ideal Qualifications

• Master's Degree or above within actuarial science, mathematics, statistics, finance, data science or closely related field.
• Credentialed actuary (Member of the American Academy of Actuaries) in good standing with SOA CPD requirements; qualified to issue actuarial opinions.
• Proven leadership experience managing and developing teams, including guiding change management and driving continuous improvement.
• Strong technical expertise in actuarial valuation, including US insurance products, pricing, and cash flow testing/projection methodologies.
• Deep knowledge of life valuation frameworks, including participating products, Principles-Based Reserves (PBR), and GAAP LDTI.
• Demonstrated experience overseeing valuation processes and effectively communicating results to diverse stakeholders.
• Excellent communication and interpersonal skills, with the ability to influence and build strong cross-functional relationships.
• Proactive, solutions-oriented mindset with the ability to resolve issues and drive business outcomes collaboratively.

Pay

$159,800 - $209,700

Schedule

Hybrid model with at least three days per week in the office and remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.

Benefits

• Medical
• Dental
• 401(k)
• Generous vacation time
• Three paid days for volunteering
• Well-Being Wallet of up to $1,250 annually
• Up to 320 hours of caregiver leave