Head of Actuarial Expense Strategy

MassMutual • Springfield, MA

2d • $185,300 - $243,100

About The Position

The Opportunity MassMutual’s Corporate Actuarial team is seeking a dynamic and well-rounded actuary to lead the Actuarial Expense Strategy team. This highly visible and strategic role offers the opportunity to apply analytical and leadership skills to drive understanding of expense impacts across the business, influence decision-making, and deliver insights that reach the highest levels of the organization. You’ll serve as a trusted partner to senior leaders, providing actionable expense-related analysis and recommendations that directly impact company performance. The team’s work spans all lines of business—including Life Insurance, Annuity, Disability Income, Worksite Insurance, and Institutional products—and supports key functions such as Corporate Actuarial, Finance, Underwriting, Operations, Enterprise Technology (ETX), and Product & Distribution. The Team The Actuarial Expense Strategy team is a high performing group of actuaries and financial professionals dedicated to shaping the company’s expense landscape through actuarial expertise, advanced analytics, and strategic insight. Distinct from Strategic Expense Management (SEM) and Financial Planning & Analysis (FP&A), this team is uniquely positioned at the intersection of actuarial science and business strategy, directly informing product pricing, distribution economics, and enterprise financial outcomes. The team thrives in a fast-paced environment where bespoke analysis and ad hoc requests are common. Their work is characterized by intellectual rigor, objectivity, and a collaborative spirit, making them respected thought partners for expense-related insights across actuarial, financial, and business domains. The team thrives on solving complex, cross-functional challenges and is committed to continuous improvement, knowledge sharing, and building organizational capacity for the future. The Impact As Head of the team, you will lead a team of ~3 actuaries and financial professionals responsible for delivering key expense analyses and providing management decision support.

Requirements

• Bachelor’s degree in Mathematics, Actuarial Science, Finance, Computer/Data Science, or related quantitative field
• 10+ years of experience as an actuary or senior quantitative professional in insurance, risk, or financial services
• Strong actuarial foundation demonstrated through professional credentialing or sustained application of actuarial methodologies in complex business environments

Nice To Haves

• Associate or Fellow of the Society of Actuaries (ASA or FSA) strongly preferred
• Member of the Academy of Actuaries a plus
• Deep understanding of insurance products, accounting, and profitability across multiple lines of business and distribution channels
• Highly effective communicator, both written and verbal, comfortable presenting to all levels of the organization as well as technical and non-technical audiences, and skilled in creating simple, powerful, and data-driven communications
• Strategic thinker who can apply strong actuarial and quantitative skillset to analyze a wide range of business problems, draw out insights and implications from complex data sets, and distill key conclusions into a story that drives understanding and action
• Ability to generate impact as a trusted advisor by maintaining the ability to see the big picture in inherently complex and dynamic situations and influence decision-making across senior stakeholders, demonstrating a strong sense for value in both prioritizing and solving problems
• Comfortable with ambiguity and complexity; willingness to explore multiple solutions to a problem; ability to work independently with little direction/oversight w hile setting direction and priorities for others
• Self-motivated and driven self-starter with demonstrated ownership for driving initiatives from concept through execution
• Able to build and maintain strong working relationships and effectively collaborate across cross-functional groups while leading and developing high-performing actuarial or quantitative professionals
• Demonstrated ability to harness and deploy modern technologies (i.e. Excel, SQL, Alteryx, Python, etc.), including generative AI, to enhance processing, manipulation, validation, and analysis of large amounts of data and drive modernization of tools, data pipelines, and reporting

Responsibilities

• Delivering various Unit Expense Factor studies and assumptions used in critical business and regulatory deliverables, including Cash Flow Testing and PBR, dividends, Illustration Regulation Testing and pricing expenses
• Providing subject matter expertise on expense allocations and implications of resulting allocations across products and distribution channels, including regularly monitoring and reporting on gaps between actual and priced for expenses
• Reviewing and proposing distribution management allowances for use in product pricing and distribution-based P&Ls
• Developing vision for and executing on efforts to evolve current tools, data pipelines, reporting and processes to modern approaches, driving greater insights and capacity to undertake additional/deferred analysis
• Ad Hoc Strategic Support (e.g. M&A, reinsurance, etc.)
• Collaborate across teams to solve complex problems and drive strategic outcomes

Benefits

• 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.
• A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits.
• For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees