Institutional Product Manager - Stable Value Investments

Institutional Product Manager

Stable Value Investments

Full-Time

Springfield, MA or Boston, MA

The Opportunity

The Product Manager - Stable Value will be an integral part of the Institutional Product and Actuarial team within Institutional Solutions, utilizing relationship and negotiation skills combined with business and technical knowledge to influence strategy and execute risk-controlled profitable growth.

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

• A certified ASA or FSA or 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)

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