Pricing and Technology Actuary

| Greater NYC Area

Haven Life is an insurtech innovator at MassMutual that offers a new way to get life insurance online that's actually simple.

We combine the culture of a startup with the stability and backing of a Fortune 500 company to create an environment that's truly unique.

Our diverse team is comprised of smart, collaborative people who think big, execute quickly and don't take themselves too seriously. We're located in New York's Flatiron District and in case you're wondering, yes, we provide free snacks. Cold brew too.

If you're creative, professional and kind, we'd love to hear from you.


ABOUT THIS ROLE:

We are seeking a passionate, detail-oriented person to join our risk solutions team. You will help shape the vision, planning, and execution of Haven technology and product innovation. You will be responsible for providing insurance product and implementation expertise to technology and insurance product owners, assisting in the pricing and development of insurance products that focus on the customer experience, and collaborating with other experts from our underwriting, reinsurance, legal, and filing teams. You will help analyze current data and processes to explore new innovative approaches to optimize the customer experience. You will collaborate with other actuaries and work directly with business leaders, reinsurers, and technology product owners to manage the profitability of the insurance products and guide the strategic decisions of the organization.


WHAT YOU WILL DO:

Coordinate with actuaries and data scientists to determine pricing for new products and features, including underwriting programs. You will explore opportunities to leverage data for business decisions and pricing assumption development

Partner with business and technology product owners to design new products, features, and underwriting solutions that improve the customer experience and meet customer needs

Adopt an agile framework to schedule work, adjust as needed and continuously improve performance

Communicate performance with relevant internal and external stakeholders

Work with data analysts to report on performance and interpret results

Assist with product pricing and implementation including modeling and assumption development, filing contract development, underwriting procedures, and reinsurance treaties.

Support product and illustration implementation on new and innovative technology platform with product requirements, actuarial calculations, methods, and validation. 


REQUIREMENTS:

  • BS/BA required
  • Minimum 3 years of related experience, including experience developing or pricing a new insurance product or underwriting program
  • Entrepreneurial minded and driven self-starter
  • Works collaboratively with others, and effectively communicates complex analysis, solutions, limits, and options to technical and nontechnical audiences.
  • Working knowledge of individual life insurance, individual disability, or individual long term care product underwriting
  • Comfortable with analyzing data and working in spreadsheet applications
  • Fellow in the Society of Actuaries, or near FSA
  • Authorized to work in the US with or without sponsorship now or in the future

PREFERRED QUALIFICATIONS:

  • Knowledge of life insurance, disability insurance, long term care and critical illness insurance, competitive landscape, the common distribution channels, pricing and reserving methodologies, policy filing, and regulatory knowledge
  • Experience leading the pricing of a new life product
  • Software development or coding experience
  • Experience with Excel, Python, and Actuarial Modeling Tools
  • Experience leading the evaluation of innovative underwriting methodologies

BENEFITS:

We have a stellar team of co-workers, a really cool office, and lots of fun activities. Oh yeah, and we pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).

The privacy of your personal information is important to us, click here to review our privacy notice.



Read Full Job Description
Apply now

Technology we use

  • Engineering
    • JavascriptLanguages
    • PythonLanguages
    • RLanguages
    • SqlLanguages
    • AngularJSFrameworks
    • PostgreSQLDatabases

Location

We're located in the heart of Manhattan's Flatiron district, surrounded by tons of great food and hangout spots. Close to the subway and the park.

An Insider's view of Haven Life

How would you describe the company’s work-life balance?

The work life balance here is defined by the ability to not have to choose between work and life. I don't have to choose between being successful at work and being successful in the things that make me happy. It's fulfilling to be at a place where you can put in the work and also enjoy the fruits of your labor.

Nick

Developer

What does your typical day look like?

I start my day with a team standup. Then it’s meetings, heads-down coding time, or collaborative work for the rest of the day. I eat at my desk when it’s busy, but I prefer to take a walk outside or get lunch with coworkers at one of the great food places nearby. I may meet with other teams to discuss projects or do a 1-on-1 with product or design.

Jasmine

Developer

How does the company support your career growth?

During my first week at Haven Life I was immediately entrusted with high-impact projects. I was given the opportunity to tackle difficult problems and engineer solutions. Career growth at Haven Life is learning-based, if you have a passion for learning, your managers and team will support your goals.

Natasha

Information Security

What unique initiatives do you have that encourage innovation?

In 2019 we hosted the Innovation Challenge, a year-long contest to develop employee-generated innovations in the life insurance space. By design, the challenge brought together employees to brainstorm ideas, pitch product ideas, develop proof of concepts, and later build the winning products in a way that was self-driven yet internally encouraged.

Todd

CTO

What makes someone successful on your team?

A successful person on a Haven Life team is open to tackling new challenges and sees them as opportunities rather than obstacles. We're growing quickly as a business, plus the conventional industry needs updating, so a Haven Life team member needs to be flexible and be okay with a little bit of ambiguity.

Khuyen

Product Manager

What are Haven Life Perks + Benefits

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with Nonprofits
Every year, our parent company, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity.
Friends outside of work
Eat lunch together
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Dental Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/ employee_benefits.pdf
Life Insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/ employee_benefits.pdf
Wellness Programs
Team workouts
Retirement & Stock Options Benefits
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) Matching
Performance Bonus
Match charitable contributions
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous Parental Leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Family Medical Leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid Volunteer Time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid Holidays
Paid Sick Days
Occasional illness: up to 5 days per calendar year
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Game Room
Stocked Kitchen
Some Meals Provided
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Cross functional training encouraged
Promote from within
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

More Jobs at Haven Life11 open jobs
All Jobs
Data + Analytics
Dev + Engineer
Legal
Operations
Product
Project Mgmt
Data + Analytics
new
New York
Product
new
New York
Product
new
New York
Project Mgmt
new
New York
Developer
new
New York
Developer
new
New York
Developer
new
New York
Developer
new
New York
Operations
new
New York