MassMutual
Product Manager – Stable Value Product Team
Location: Boston, MA or Springfield, MA
Employment type: Full-time
Opportunity The Institutional businesses are growing and represent a key component of the company’s business strategy. As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis. This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.
Team The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.
Responsibilities
Own the review of and decision making related to plan underwriting information for new sales opportunities
Evaluate and implement existing client stable value contract modification requests, in partnership with legal team as approved
Lead and contribute to projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment
Reviewing stable value investment portfolios
Building and maintaining pricing and risk analysis models
Determine new business and in-force crediting rates for stable value contracts
Analysis of risks and underwriting considerations and participating in contract negotiations
Performing experience studies and setting assumptions
Presenting complex analyses and concepts to executive management
Soliciting and analysis of competitive data
Influencing and contributing to ongoing business strategy and growth
Minimum Qualifications
A certified ASA or FSA
8+ years of related experience in the financial services industry
4+ years of stable value experience
1+ year of synthetic GIC product, contract and risk experience
Ideal Qualifications
CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required
Knowledgeable in aspects of stable value or Insurance Company General Account products
Ability to:
Make clear and consistent decisions
Demonstrate leadership, influence and take ownership of key projects
Demonstrate initiative and a sense of urgency
Effectively manage and deliver on multiple concurrent deliverables
Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
Disciplined approach to strategic initiatives, business projects and day‑to‑day activities
Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
Detail oriented with strong analytical, critical thinking and problem‑solving skills
Excellent interpersonal and communication skills (written, verbal, presentation)
What to Expect
Regular meetings with the Stable Value Product team
Focused one‑on‑one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability‑focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefit
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
#J-18808-Ljbffr
Employment type: Full-time
Opportunity The Institutional businesses are growing and represent a key component of the company’s business strategy. As a Product Manager, you will focus on product management, development, pricing, underwriting and risk analysis. This role will require combining technical investment/actuarial/product skills with influence, collaboration, and effective communication with internal business and operational teams, corporate and other MassMutual functions, as well as interaction with external clients and intermediaries.
Team The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.
Responsibilities
Own the review of and decision making related to plan underwriting information for new sales opportunities
Evaluate and implement existing client stable value contract modification requests, in partnership with legal team as approved
Lead and contribute to projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment
Reviewing stable value investment portfolios
Building and maintaining pricing and risk analysis models
Determine new business and in-force crediting rates for stable value contracts
Analysis of risks and underwriting considerations and participating in contract negotiations
Performing experience studies and setting assumptions
Presenting complex analyses and concepts to executive management
Soliciting and analysis of competitive data
Influencing and contributing to ongoing business strategy and growth
Minimum Qualifications
A certified ASA or FSA
8+ years of related experience in the financial services industry
4+ years of stable value experience
1+ year of synthetic GIC product, contract and risk experience
Ideal Qualifications
CFA with experience in ALM, investment portfolio development, investment risk analytics is desired, but not required
Knowledgeable in aspects of stable value or Insurance Company General Account products
Ability to:
Make clear and consistent decisions
Demonstrate leadership, influence and take ownership of key projects
Demonstrate initiative and a sense of urgency
Effectively manage and deliver on multiple concurrent deliverables
Analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
Disciplined approach to strategic initiatives, business projects and day‑to‑day activities
Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
Detail oriented with strong analytical, critical thinking and problem‑solving skills
Excellent interpersonal and communication skills (written, verbal, presentation)
What to Expect
Regular meetings with the Stable Value Product team
Focused one‑on‑one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability‑focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefit
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
#J-18808-Ljbffr