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Actuarial Consultant - Internal Audit

  • Job
    Mid & Senior Level
  • Accounting & Tax
  • $113.1K - $148.4K
  • Springfield, +1


  • Bachelor’s Degree in actuarial science, mathematics, statistics, or related discipline
  • Actively pursuing an Associates of the Society of Actuaries or Fellowship (ASA or FSA)
  • 2+ years of progressive actuarial or audit experience
  • The Ideal Qualifications
  • 4+ years of relevant actuarial experience
  • Demonstrated versatility in communicating up, down, and across the organization by working with others and demonstrated ability to steer discussions with various levels of leadership across the enterprise
  • Experience concurrently leading complex projects involving many functional stakeholders
  • Demonstrated knowledge of insurance concepts, investments, risk management, financial reporting and analysis, pricing / product development, valuation, ALM, and hedging
  • Works self-sufficiently, enthusiastically engaging clients and peers to complete value-added assignments within the defined project scope and timelines
  • Ability to quickly familiarize with new practice areas and understand business challenges
  • Experience performing audit techniques including evaluating risks and controls, testing calculations, validation of team audit work, and negotiating control improvements and confirming their implementation
  • Knowledge of life, annuity, DI, and/or LTC products
  • Demonstrates a strong understanding of risk concepts including inherent and residual risks as well as how to assess the design and effectiveness of internal controls
  • Experience with any actuarial projection software such as GGY AXIS or Prophet
  • Familiarity with general programing languages and visualization tools such as R, Python, SQL, Alation, MicroStrategy, and Tableau


  • Audit valuation, pricing, product development, financial planning & analysis, investments, asset-liability management, hedging, and risk management
  • Validate actuarial, investment, risk, and financial areas for consistency with internal and external standards and best practices
  • Partner with other Corporate Audit teams on cross-functional audits
  • Inspire others by articulating how our work aligns with MassMutual’s purpose and strategy
  • Advocate continuous improvement efforts by driving decisions and execution
  • Evaluate methods, assumptions, processes, and controls for reasonableness, compliance, and consistency with internal and external standards, including actuarial standards of practice
  • Attract talent, develop the team, and coach the team to deliver valuable audit work covering all actuarial functions and meeting professional audit standards
  • Influence and collaborate with business partners to improve controls and governance
  • Recommend and negotiate appropriate business solutions to manage identified and emerging risks
  • Involved in activities such as preparation of detailed programs for actuarial and investment audits, review of complex calculations and processes, and assessment of procedures to determine efficiency, effectiveness, and compliance with policies and standards
  • Serve as the subject matter expert, provide advice, coach, and facilitate training of new auditors


Mission & Purpose

Living mutual has always been at the core of our human existence, and it's the principle that's guided us since our founding in 1851. It's not a concept we invented, but one we champion for the simple reason that people take it for granted today. While the world would have us strive for independence, the truth is when we depend on one another, we aren't just more secure - life is happier and more fulfilling. So as we celebrate our new identity, we're reminding everyone that who we are stays the same.