LTC Pricing Actuary

Company: MassMutual
Location: Hartford
Posted on: December 1, 2025

Job Description:

LTC Pricing Actuary Full-Time Springfield, MA or Boston, MA The Opportunity This is a mastery level actuarial position within the Health and Worksite Product organization with primary responsibility for the long-term care product line. Responsibilities include product development and pricing of long-term care hybrid products, as well as long-term care riders on our life insurance products. Activities include collaborating across a wide variety of functions, including sales, operations, underwriting, corporate actuarial, marketing, claims and IT. The Team The Health and Worksite pricing team is responsible for new individual health and group worksite insurance products, product enhancements, riders, and pricing initiatives within MMUS. This is a dynamic team with expert actuaries representing the existing product lines of Disability Income, Long Term Care, Critical Illness, Accident, and Worksite Life products, plus all new initiatives in the Health and Worksite space. We are responsible for new products, pricing, experience monitoring, and ultimately the profitability of these product lines. Team members are expected to form an opinion, advocate for our policyowners and the company, and drive action. The Impact: Product Design and Pricing - Participate in product development ideation and lead the design for new long term care combination products, riders, enhancements, and other initiatives - Lead the development of pricing assumptions, leveraging senior pricing actuaries and peers as needed for consistency, when possible, over multiple product lines - Apply actuarial pricing and management models, building or enhancing them as necessary, to support product pricing analysis and design - Identify risks inherent in new and current product design and develop strategies and processes to manage and mitigate such risks - Perform sensitivity testing on key assumptions to help quantify risks and mitigations - Extract relevant insights from data and/or models and present complex analysis in simple and straightforward manner to key stakeholders - Secure required pricing approvals from key stakeholders by balancing competitive benchmarks and acceptable levels of expected profit and risk - Form opinions, make recommendations, and drive decisions and execution - Create and maintain pricing assumption version controls and final pricing documentation Product Implementation - Research state/federal regulations that govern health insurance and ensure products and rates adhere. - Develop the Actuarial Memorandums and Rate Manuals for product filings and respond to all actuarial objections - Work with implementation teams on all product initiatives, specifications, and testing - Analyze experience studies and develop assumptions for new product development and overall product portfolio risk assessment - Comply with Actuarial Standards of Practice, Code of Professional Conduct and company standards - Support continuous improvement through: - Keeping innovation in the forefront - Improving processes and practices - Providing fresh perspectives, breakthrough ideas, and new paradigms to create value - Advocating for change, improvement, and optimal value added across the organization - Asking questions and challenging the status quo - Taking ownership and personal responsibility - Support other Health and Worksite pricing and product development initiatives as needed The Minimum Qualifications - Bachelor’s degree in actuarial science, math, statistics, or related discipline - ASA designation - 5 years relevant actuarial experience - Qualified to sign statements of actuarial opinion for disability income, long term care, chronic illness or accident products. - Experience with actuarial software and modeling, demonstrating the ability to build, validate, enhance, and maintain pricing models The Ideal Qualifications - FSA and MAAA designations - Experience with long term care insurance - Experience with state product filing, rate filings, and objection responses - Experience with GGY AXIS - Strong interpersonal and communication skills, both written and verbal - Demonstrated ability to interact with technical and non-technical audiences at all levels, within and across organizational boundaries - Ability to use a disciplined work approach to initiatives, projects, and day-to-day activities What to Expect as Part of MassMutual and the Team - Regular meetings with the Health and Worksite Product Team - Focused one-on-one meetings with your manager - 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 benefits LI-ST1 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. California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.

Keywords: MassMutual, Hartford , LTC Pricing Actuary, Accounting, Auditing , Hartford, Connecticut