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Pension Actuary - Defined Benefits / Pension Risk Transfer

Since 1851, MassMutual's commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We're people helping people.
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we're stronger.
Description
POSITION SUMMARY
The Defined Benefit and Pension Risk Transfer Organizations provide plan design, ongoing plan administration (including but not limited to benefit calculation, retirement initiation and death claims) and consulting services for qualified defined benefit retirement plans. The business is undergoing significant growth and represents a key component of the company's business strategy. This position will be a leadership role in the organization and will be looked to for driving our key improvements.
RESPONSIBILITIES
This person will be responsible for reviewing and interpreting plan documents, as well as multiple forms of contract level data and complex benefit calculations accurately. Must have the ability to handle multiple tasks effectively while maintaining all service and quality standards and ensuring follow up on outstanding items. Clearly communicate complex benefit calculations in simplified terms to either internal or external parties. Understand all regulatory items that affect an annuitant's calculation. Responsible for reviewing quality of calculated manual benefit calculations and validating automated work. Involved in plan amendment process, compliance and regulatory changes and transition of new plans from New Business to ongoing operations.
Responsible for acting as subject matter expert to a variety of simple to complex actuarial topics relevant to Defined Benefit administration for our ongoing plans and our Pension Risk Transfer business.
Includes Actuarial review of calculation of retirement benefits using actuarial concepts and factors for more complex benefit calculations.
Lead projects to help us to continue to create new and enhanced tools to aid in automation and quality control of our benefit calculation and processing
Ability to work closely with legal and compliance partners as well as new business/transition management
BASIC QUALIFICATIONS
Enrolled Actuary (EA) minimally required with a Bachelor's degree
Defined Benefit experience is a must
Helping with contract drafting and interpretation
Proficient in Microsoft Excel and Word
Continuous Improvement Mindset
5% Travel
PREFERRED QUALIFICATIONS
5+ years of Pension Actuarial experience
Ranked No. 93 in the annual FORTUNE ? 500 Ranking (FORTUNE ? Magazine, June 2018) and recognized as a World's Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure ? it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
CORE VALUES
Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.
Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.
Value People: We respect and learn from each other's diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.
Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.
Achieve Results: We focus on winning by exceeding expectations and getting better ? everyone, every day.
For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

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