The Opportunity

MassMutual is seeking an innovative and motivated actuary to join the Dividend Management Team. As part of the Dividend Management and Experience Studies organization within Corporate Actuarial, this is a high-impact leadership role responsible for overseeing the execution of the annual dividend schedule process, illustration regulation testing, and dividend analytics. The Director of Dividend Analytics will manage a team of 3 to 4 and play a key role in driving continuous improvement and modernization of our systems, processes and analytics.

The Team

The Dividend Management Team is comprised of actuaries and financial professionals responsible for shaping MassMutual’s dividend strategy and overseeing the annual dividend schedule development and recommendation. We combine actuarial insight, analytical rigor and cross‑functional partnership to support decisions that align with MassMutual’s long‑term strategic objectives and commitment to delivering value to participating policyowners. We operate with a culture of collaboration, transparency, and continuous improvement.

The Impact:

You will influence MassMutual’s dividend strategy through analytics, modeling oversight, and implementation efforts, helping the company continue to deliver long‑term value aligned with its mutuality promise. Key responsibilities include:

• Drive Strategic Dividend Planning: Lead the annual dividend schedule development, managing three development cycles and dividend models that support re-pricing and illustration regulation testing
• Shape Financial Outcomes: Provide critical analysis of the annual Dividend Schedule in alignment with strategic & financial goals, including scenario analysis for financials, sales, and capital, and support the development of 3-4 Board presentations
• Lead Competitive & Dividend Liability Analytics: Oversee competitive benchmarking and dividend liability analytics to inform the annual dividend schedule recommendation
• Champion Innovation in Systems & Processes: Oversee the design, recommendation, and implementation of systems and process improvements, including the conversion of dividend models into a future state platform
• Ensure Governance & Operational Excellence: Conduct code reviews, approve production changes, and ensure robust governance and control standards across dividend models
• Foster Continuous Improvement: Cultivate a culture of innovation by proactively identifying opportunities to enhance systems, methodologies, and team capabilities

​The Minimum Qualifications

• ASA designation
• Bachelor’s degree in mathematics, Actuarial Science, Finance, or related field
• 5+ years of actuarial experience

The Ideal Qualifications

• FSA designation
• 7+ years of actuarial experience with 4+ years of experience with life insurance products
• Proven ability to lead teams, manage competing priorities, and drive results in a complex environment
• Strong modeling skills including experience with Python
• Strong technical skills including proficiency in Microsoft Excel, Access and VBA
• Strong analytical and creative problem-solving skills including the use of AI
• Ability to create simple, powerful, and data-driven communications
• Ability to work collaboratively and partner with others, and effectively communicate complex analysis and related insights to technical and nontechnical audiences
• Navigates complex and ambiguous problems with agility and resiliency

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Dividend Management team
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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 benefits

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Salary Range:

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.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

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.

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. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.