Head of Liability ALM Strategy
Company: MassMutual
Location: Hartford
Posted on: December 1, 2025
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Job Description:
POSITION SUMMARY MassMutual is seeking an enthusiastic,
well-rounded and motivated leader as Head of Liability ALM
Strategy, a key leader in the company’s Asset Liability Management
(ALM) framework. This role will report directly to the Chief
Actuary and will be a key member of the Corporate Actuarial
Leadership Team. In concert with Investment Management (IM) and
Enterprise Risk Management (ERM), this leader will be accountable
for the ALM strategy and execution for all of MassMutual’s
insurance products, with particular focus on liability risks, and
will successfully partner with stakeholders to develop a clear
vision and strategic plan driving ALM methodologies, reporting, and
analytics in support of ALM processes and decisions. The leader
will serve as model owner of the actuarial systems and tools
utilized to provide liability projections and insights in support
of ALM production deliverables and future enhancements to
enterprise ALM strategies. This leader will be responsible for the
recruitment, development and effective management of a team of
talented actuarial and quantitative professionals. This role will
require strong leadership skills combined with superior modeling
and analytical skills to: (1) collaborate on an integrated vision &
strategy, processes and tools that connect complex
actuarial/liabilities, investment, and market risk concepts, (2)
deliver on liability modeling capabilities and ALM solutions in
collaboration with IM and ERM in a timely manner within a high
quality and well-controlled environment, and (3) present and
communicate progress on results, issues, and solutions with clarity
and credibility to various stakeholders and senior management. This
includes regularly presenting and reporting to the Investment
Oversight Committee (IOC) and related subcommittees. In addition,
this leader will be able to drive complex projects to completion
and provide/implement industry thought leadership and best
practices. The Head of Liability ALM Strategy will need to
demonstrate deep actuarial and financial knowledge across
MassMutual’s portfolio of insurance products and is an expert in
the modeling of liabilities, including how they relate with assets
and capital risk in an insurance company context. This leader will
possess excellent technical skills and actuarial modeling expertise
necessary to direct the development and governance of complex ALM
models and the associated data and infrastructure that span
different product lines and frameworks (e.g.,
economic/statutory/GAAP and new business/inforce, pricing,
valuation/cash flow testing or CFT, etc.). This role will also need
to possess a deep understanding and partnership with reinsurance.
The leader will partner with Investment Management to ensure the
successful alignment of the duration, risk profile and cash flow
characteristics of liabilities and assets, which is vital for
mitigating balance sheet risks and ensuring financial stability. In
addition to outstanding analytical and problem-solving skills, the
successful candidate will exhibit strong leadership, relationship
management, and communication skills to be fully successful in this
role. This leader is expected to: - Communicate effectively with
the IOC and leaders in CFO, IM, ERM and business partners,
including the translation of technical topics to different
audiences and providing clarity of the business impact and insights
to inform decisions - Innovate and implement practical solutions in
the development of complex liability models used in ALM/CFT across
MassMutual’s broad range of insurance products, including data
issues/limitations - Lead/facilitate discussions in
cross-functional work groups (e.g., VA Oversight Committee, VA Risk
Committee, Asset Liability Work Group, etc.) on ALM issues and
topics; Influence via thought leadership, drive alignment and
implement best practices/processes - Collaborate across teams to
ensure alignment of goals, effective execution of deliverables, and
monitoring progress - Navigate issues that arise and/or competing
priorities; Effectively, negotiate the right solutions and positive
outcomes across stakeholders - Liaise with internal corporate and
business departments and support a culture of service or proactive
solutions and team support - Establish strong credibility and
executive presence with leadership to effectively drive ideas
forward, impact management decision-making, and influence
strategies - Contribute to Corporate Actuarial thought leadership
and positive team culture OVERALL RESPONSIBILITY The Head of
Liability ALM Strategy will be accountable for these specific
deliverables and responsibilities: - In collaboration with IM and
ERM, evaluate the on-going fit and adequacy of existing ALM
strategies as the environment changes and make strategy, budget and
other related recommendations, as applicable, while taking into
account costs, risks and benefits of alternatives - In
collaboration with IM and ERM, evaluate existing ALM modeling and
applicable metrics & measures to improve existing processes and/or
make suggested changes - Critically and logically build financial
and/or non-financial analytical models that drive fact-based
decision-making to support ALM decisions made by the leadership
team - Participate as member of the Capital Market Assumptions
Group accountable for the review, update, management and monitoring
processes and policies for recommending asset assumptions used in
valuation, pricing and financial projections - Provide thought
leadership, technical expertise, and value-added support & guidance
related to ALM - Support enforcement of corporate guidelines and
governance processes with respect to asset assumptions including
sufficiency of documentation to meet CFT/VM-30, PBR/VM-31, VM-G,
applicable SOPs and any other regulatory requirements - Closely
collaborate with the Product Pricing Oversight and Reinsurance
Strategy & Management teams to ensure adequacy and appropriateness
of investment assumptions and ALM strategies recommended as part of
pricing exercises/financial reinsurance transactions - Stay abreast
of emerging regulations as they impact applicable aspects of ALM,
hedging, economic assumptions and related actuarial work - Team
leadership, clear communication and solid partnership with the
business and other departments - In concert with IM and ERM,
implement effective model governance, standards, testing
procedures, and controls in the development, manufacturing, and
delivery of ALM related models and projections - Leverage expertise
and industry insights in providing recommendations and driving
decisions and actions to ensure delivery of leading-edge solutions
- Have a proven track record for attracting, developing, and
retaining strong talent CANDIDATE QUALIFICATIONS - Bachelor's
Degree or higher - Fellow of the Society of Actuaries (FSA); CFA is
a plus - Minimum of 15 years of actuarial experience in ALM,
hedging, capital management, actuarial/asset modeling, pricing,
valuation/CFT, and/or in financial risk management - Strong
knowledge of US life insurance, annuity, and health products and
the underlying actuarial and risk management concepts and
practices; experience with quantifying, analyzing and managing a
range of product risks - Working knowledge and analysis of
financial statements (Income Statements, Balance Sheet, Cash Flow
Analysis) under different accounting frameworks - Expertise in
actuarial & financial modeling methodologies and techniques;
Experience with actuarial projections software (Moody's AXIS,
Prophet, etc.) - Self-motivated and independent with strong
analytical, critical thinking, and problem-solving skills;
comfortable dealing with both complexity and ambiguity, and able to
explore multiple solutions to problems and challenges - Strong
communication skills, both written and verbal, with experience in
presenting to senior management; Able to convey complex materials
to senior executives - Ability to build and maintain strong working
relationships across cross-functional groups - Demonstrable
experience with creative problem-solving and thought leadership -
Ability to work well under pressure and manage multiple
deliverables 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 , Head of Liability ALM Strategy, Accounting, Auditing , Hartford, Connecticut
