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Institutional Product Manager - Stable Value - Springfield Massachusetts
Company: MassMutual
Location: Springfield, Massachusetts
Posted On: 04/29/2025
Institutional Product ManagerStable ValueFull-Time Boston, MA or Springfield, MAThe OpportunityThe 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. - The TeamThe Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.The ImpactThe 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. - Specific responsibilities include: - 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 growthThe Minimum Qualifications
- 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 experienceThe Ideal Qualifications
- A certified ASA or FSA or 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 as Part of MassMutual and the Team
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