Institutional Product Manager - Stable Value Investments

The Team

The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.  We are hiring a Product Manager to join the team and report to the Head of Stable Value Product, Pricing & Investment Analysis.

The Impact

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 investment analysis. This role will require combining technical investment/actuarial 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.  Specific responsibilities include:

Supporting and leading projects related to product changes and new product offerings including pricing, contracts, filing, and risk assessment
‍
Reviewing stable value investment portfolios and General Account investment strategies
‍
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
‍
Liaison with Corporate teams on ALM and crediting rate strategies
‍
Presenting complex analyses and concepts to executive management
‍
Soliciting and analysis of competitive data
‍
Influencing and contributing to ongoing business strategy and growth
‍
The Minimum Qualifications

A strong understanding of fixed income portfolio management and investment risk management.
‍
5+ years of investment or actuarial experience.
‍
The Ideal Qualifications

CFA with experience in ALM, investment portfolio development, investment risk analytics is ideal, but not required
‍
Knowledgeable in aspects of stable value or Insurance Company General Account products
‍
Ability to:
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 as Part of MassMutual and the Team

Regular meetings with the Stable Value Product team
‍
Focused one-on-one meetings with your manager
‍
Access to mentorship opportunities
‍
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
‍
#LI-ST1
‍
‍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.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
‍
EEO Statement
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
‍
For additional job details, visit the link above ("Apply for this Position" button at the top of this page).