Experienced ALM and Capital Model Owner - Asset Liability Management and Capital Modeling Expertise for Annuity Products

Join MassMutual Ascend: Elevate Your Career in Asset Liability Management and Capital Modeling

MassMutual Ascend, a leading provider of innovative annuity products, is seeking an experienced ALM and Capital Model Owner to join our team. As a wholly owned subsidiary of MassMutual, we offer a collaborative culture, competitive compensation, and opportunities for growth and development. If you're a motivated and experienced actuarial professional looking to take your career to the next level, we encourage you to apply.

About MassMutual Ascend

At MassMutual Ascend, we're committed to helping our customers achieve their financial goals by providing innovative annuity products that meet their unique needs. With a strong history, competitive market position, and a sharp focus on service, we're a respected leader in the annuity market. Our company culture is built on collaboration, innovation, and a commitment to excellence.

The Opportunity

As an ALM and Capital Model Owner, you'll play a critical role in overseeing the development and maintenance of our Solvency and ERM models, while enhancing senior management's understanding of GALIC's financial and risk profile. You'll lead a team of actuaries and analysts, collaborating with financial reporting, risk management, and product development areas to drive business growth and success.

Key Responsibilities

• Provide actuarial leadership, including staff development, communication, and relationship building among departments
• Oversee and continuously improve ALM, Capital, and Solvency models as they relate to GALIC's business, including support for Actuarial, Finance, and corporate strategies, and GALIC's ERM process
• Maintain a controlled model environment under established model governance procedures
• Engage actively in emerging capital and valuation regulations
• Provide strategic insight while helping to identify future financial performance drivers and indicators related to GALIC's businesses, with the ability to clearly articulate principal findings and recommendations

Essential Qualifications

To be successful in this role, you'll need:

• Associate or Fellow of the Society of Actuaries (ASA or FSA) or equivalent professional credential from a recognized professional actuarial association
• 7+ years of relevant actuarial experience
• In-depth experience with actuarial projection software
• Strong knowledge and experience with statutory reporting for annuities, particularly index-linked annuities
• Knowledge of ALM modeling and analytical techniques for both assets and liabilities

Preferred Qualifications

To stand out in this role, you'll ideally have:

• Supervisory experience
• Extensive knowledge of Prophet
• Strong business acumen, with the ability to work on assignments of highest technical complexity and perform multiple functions at a high level
• Excellent communication and interpersonal skills, with the ability to build strong business relationships and influence stakeholders

Skills and Competencies

We're looking for a candidate with:

• Business Acumen: Ability to work on complex assignments and perform multiple functions at a high level
• Influence: Strong ability to build business relationships and influence stakeholders
• Critical Thinking: Ability to develop credible business solutions and guide others to seek root causes
• Development: Commitment to the professional and personal development of others
• Communication: Strong verbal and written communication skills, with the ability to advise, interpret, and influence on relevant issues
• Ownership: Ability to meet commitments and hold self and others accountable

What to Expect

As a valued member of our team, you can expect:

• Focused one-on-one meetings with your manager to support your growth and development
• Ongoing opportunities for development and learning to help you stay ahead in your career
• A fast-paced and dynamic work environment with flexible work schedules
• A culture that inspires, rewards, and develops employees, with a focus on meeting customer needs today and in the future
• A competitive compensation package, including a salary, bonus target, or Variable Incentive Compensation component
• Extensive benefits offerings, including our Total Rewards program

Why Join Us?

At MassMutual Ascend, our collaborative culture is key to our success. We're a leading provider of annuities today, and we're committed to continuing to rise to the top tomorrow. A career with us means you'll contribute to our mission of taking financial futures above and beyond, while being inspired to reach your own goals. We're an Equal Employment Opportunity Employer, welcoming all persons to apply, regardless of their background or discharge status.

Ready to Apply?

If you're a motivated and experienced actuarial professional looking to take your career to the next level, we encourage you to apply now. We're excited to review your application and discuss how you can contribute to our team's success.

MassMutual Ascend Life Insurance Company 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.