Institutional Product Manager - Stable Value
Institutional Product Manager
Stable Value
Full-Time
Boston, MA or Springfield, MA
The 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.
The Team
The Stable Value Product Team provides insights into the evaluation of new opportunities and the risk characteristics of our in-force business.
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 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 growth
The 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 experience
The 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)
#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.
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Are you ready to take the reins as an Institutional Product Manager - Stable Value with MassMutual in Hartford County, CT? This exciting role is pivotal for our growing institutional business, where you’ll harness your expertise in product management, pricing, and risk analysis to drive strategic success. As you dive into this full-time position, you’ll be at the heart of evaluating new opportunities and managing our existing stable value contracts. Your day-to-day will involve crafting pricing strategies and leading projects that shape product changes and new offerings. Collaborating with cross-functional teams and engaging with clients will be second nature to you; your communication skills will shine as you present complex analyses to executive management. With over 8 years in the financial services industry, including 4 years of stable value experience, you’ll bring the necessary skills to influence key business strategies. Whether it's developing pricing models or negotiating contracts, you’ll be a crucial contributor to our mission. So, if you’re ready to make a tangible impact and join a dynamic team dedicated to innovation and growth in the financial sector, we want to hear from you!
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