Who We Are MassMutual India
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable, and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we re stronger.
Job Description
Attached
Job Description Financial Calculations, Consultant (IC- Assistant Manager)
Join our dynamic and rapidly growing Pension Risk Transfer (PRT) team at MassMutual India, Where collaboration and innovation drive success. This role offers a unique opportunity to contribute to a high-impact area of our business, supporting complex financial operations and enhancing client outcomes.
Key Responsibilities:
- Execute medium to high complexity financial calculations and analytical tasks across multiple product lines.
- Process a wide range of financial and non-financial transactions, including contributions, distributions, and exception handling, ensuring accuracy and compliance.
- Operate across multiple recordkeeping systems to support transaction processing and data management.
- Manage transaction timelines and maintain effective communication with internal stakeholders.
- Perform end-of-day processing, data formatting/loading, and respond to internal service and research requests.
- Analyze client and third-party administrator (TPA) data to identify trends in Not-In-Good-Order (NIGO) transactions and recommend improvements.
- Ensure accurate processing of client and participant data in alignment with plan parameters and documentation.
- Maintain a strong focus on quality control, targeting a minimum accuracy rate of 99.90% to mitigate financial risk.
- Handle complex tasks with discretion and sound judgment; serve as a subject matter expert and mentor to junior team members.
- Drive continuous improvement initiatives using Lean Six Sigma methodologies.
- Participate in workflow enhancements, divisional projects, and process optimization efforts.
- Set and pursue challenging goals with urgency and precision, delivering high-quality outputs consistently.
Qualifications:
- 5 10 years of experience in financial/mathematical calculations with strong numerical reasoning skills.
- Minimum 3 years of experience in Defined Benefit and/or PRT pension benefit calculations, including retirement estimates, commencements, and death claims.
- Proven ability to interpret pension plan provisions and contract documents accurately.
- Proficiency in Microsoft Office tools.
- Bachelor s degree in Mathematics or Finance (non-technical).
- Extensive experience in the U.S. pension, insurance, or financial services industry.
- Strong critical thinking skills, adaptability, and a quick learning mindset.
- Willingness to work evening shifts.
Preferred Skills:
- Excellent written and verbal communication skills in English.
- Understanding of U.S. regulatory requirements affecting pension calculations and operations.
- Experience supporting plan amendments, compliance updates, and onboarding of new plans.
- Flexibility to support other PRT operational processes as needed.
- Ability to conduct complex research and present findings to leadership.
- Skilled in identifying best practices and recommending process improvements.
- Collaborative problem-solving across departments.
- Capable of managing special projects and ad-hoc assignments.
Why Join Us
We ve been around since 1851. During our history, we ve learned a few things about making sure our customers our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products, and services. To accomplish this, we celebrate an inclusive, vibrant, and diverse culture that encourages growth, openness, and opportunities for everyone. A career with MassMutual, Great Place to Work certified and Indias Best Workplaces in BFSI 2023 - Top 50 organization means you will be part of a strong, stable, and ethical business with industry leading pay and benefits. And your voice will always be heard.
Does this sound like a great fitApply today!
