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Director Variable Annuity Jobs (NOW HIRING)

hcmportal

Director & Actuary, Valuation

Topeka, KS · On-site +1

We're Looking for an experienced Director & Actuary! About the Company: Security Benefit is a ... Manage VM21 process for variable annuity product * Manage other projects as assigned What We're ...

Foresters Financial

Director, Annuity Pricing

Career Opportunity Role Title Director, Annuity Pricing Purpose of role This role is responsible ... In addition to base pay, eligible employees may participate in a discretionary variable incentive ...

Foresters Financial

Director, Annuity Initiatives

Career Opportunity Role Title Director, Annuity Initiatives Purpose of role This role is ... In addition to base pay, eligible employees may participate in a discretionary variable incentive ...

Reliance Standard

Account Manager - IMO

Philadelphia, PA

$80K - $107K/yr

Direct experience working with IMOs, BGAs, or similar third-party annuity distribution partners * Strong knowledge of fixed, indexed, and/or variable annuity products * Proven relationship management ...

Rsli

Account Manager - IMO

Philadelphia, PA

$80K - $107K/yr

Direct experience working with IMOs, BGAs, or similar third-party annuity distribution partners * Strong knowledge of fixed, indexed, and/or variable annuity products * Proven relationship management ...

Reliance Matrix

Account Manager - IMO

Philadelphia, PA · On-site

$80K - $107K/yr

Direct experience working with IMOs, BGAs, or similar third-party annuity distribution partners * Strong knowledge of fixed, indexed, and/or variable annuity products * Proven relationship management ...

Foresters Financial

Director, Annuity Product Analysis

$238K - $249K/yr

Career Opportunity Role Title Director, Annuity Product Analysis Purpose of role This role is ... In addition to base pay, eligible employees may participate in a discretionary variable incentive ...

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Director Variable Annuity information

What are the key skills and qualifications needed to thrive as a Director of Variable Annuity, and why are they important?

To thrive as a Director of Variable Annuity, you need deep knowledge of financial products, regulatory compliance, portfolio management, and often a relevant degree such as finance or business, along with industry certifications like FINRA Series 6/7 and 26/63/65/66. Familiarity with financial modeling software, CRM systems, and regulatory reporting tools is typically required. Strong leadership, analytical thinking, and effective communication skills help drive team performance and strategic client engagement. These competencies are crucial to ensure the organization’s annuity offerings remain competitive, compliant, and aligned with client needs.

What is a Director of Variable Annuity?

A Director of Variable Annuity is a senior-level professional who oversees the management, development, and performance of variable annuity products within an insurance or financial services company. This role involves leading teams, developing strategies for product growth, ensuring regulatory compliance, and collaborating with other departments such as sales, marketing, and actuarial. The director is also responsible for monitoring market trends and adjusting product offerings to meet customer needs and company goals.

What are the primary challenges faced by a Director of Variable Annuity when developing new products?

A Director of Variable Annuity often encounters challenges related to balancing regulatory compliance, market trends, and customer needs when creating new products. Staying ahead of changing regulations, especially those impacting investment options and disclosures, requires close collaboration with legal and compliance teams. Additionally, the director must analyze competitor offerings and coordinate with actuaries, product development specialists, and marketing teams to ensure products remain competitive, profitable, and appealing to clients. Effective communication and adaptability are essential to navigate these complexities and bring successful products to market.

What is the difference between Director Variable Annuity vs Actuary?

AspectDirector Variable AnnuityActuary
Required CredentialsFinancial certifications (e.g., CFA, CFP), industry experienceFellowship in actuarial societies (FSA, ASA), exams
Work EnvironmentFinancial firms, insurance companies, product developmentInsurance companies, consulting firms, risk assessment
Industry UsageProduct management, sales, complianceRisk modeling, pricing, reserving

The main difference is that a Director Variable Annuity focuses on product strategy and management within insurance firms, often requiring financial certifications and industry experience. An actuary specializes in risk assessment, pricing, and reserving, with a strong emphasis on actuarial credentials. Both roles are vital in the insurance industry but serve different functions related to product development versus risk analysis.

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Director Variable Annuity jobs near you
Infographic showing various Director Variable Annuity job openings in the United States as of May 2026, with employment types broken down into 99% Full Time, and 1% Temporary. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution.
Senior Quantitative Portfolio Manager

Senior Quantitative Portfolio Manager

Massachusetts Mutual Life Insurance Company (MassMutual)

Boston, MA • On-site

Full-time

Posted 17 days ago

MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

132nd of 260 rated insurance

Job description

Senior Quantitative Portfolio Manager
Full-Time
Boston, MA
The Opportunity
The Senior Quantitative Portfolio Manager will oversee broad derivatives responsibilities across equity, interest rate, and volatility risk management, leading the strategic construction and evolution of derivatives-based hedging frameworks - with primary ownership of MassMutual's Variable Annuity dynamic hedging platform - and carrying end-to-end accountability for hedge design, governance, risk outcomes, and program-level P&L across market environments.
While the Variable Annuity program represents the largest and most complex initial mandate, this role is designed to add value across multiple portfolios and risk programs over time, including macro equity hedging, interest rate risk management, and other liability-driven strategies.
The successful candidate will also proactively develop, analyze, and present relative value opportunities across these markets to improve hedge efficiency, reduce long-term hedge cost, and manage downside risk.
The Team
The Quantitative Portfolio Management (QPM) team is part of Investment Management and focuses on asset-liability management (ALM), product pricing, and the formulation and execution of quantitative strategies that enhance policyholder surplus and mitigate unwanted risks across the enterprise. The team oversees derivative-related portfolio management activities, managing exposure to interest rates, equity markets, volatility, foreign exchange, and credit. QPM is a small, highly collaborative group that works closely with Enterprise Risk, Finance, Actuarial, Treasury, Accounting, Compliance, and Barings, MassMutual's global asset management subsidiary. The team manages risk across MassMutual's approximately $250 billion General Investment Account (GIA) and supports the firm's most complex liability-driven portfolios.
The Impact
  • Own the overall performance and P&L of the Variable Annuity hedging program, including dynamic hedging, convexity management, and option strategy, with full accountability for hedge effectiveness and risk outcomes.

  • Lead the design, oversight, and evolution of derivatives-based hedging strategies across equity, interest rate, and volatility markets within established governance frameworks.

  • Collaborate closely with other portfolio managers on day-to-day hedging operations, including equity option rebalancing and execution, providing strategic oversight and guidance as needed.

  • Work closely with Annuity Products, Enterprise Risk Management, Corporate Actuarial and other members of the Variable Annuity Risk Committee, ensuring alignment on risk, economics, assumptions, and hedge outcomes.

  • Partner with Quantitative Research & Development to define modeling, analytics, and tooling requirements, while QRD retains responsibility for implementation and production support.

  • Work in close coordination with Barings as the execution and implementation team, while retaining all strategic decision-making, hedge design, and risk ownership internally.

  • Contribute derivatives expertise to adjacent portfolios, including macro equity hedging and interest rate risk programs, as priorities evolve.

The Minimum Qualifications
  • 10+ years of experience in derivatives portfolio management, hedging, or financial risk management, with meaningful focus on interest rate and volatility markets.

  • Strong knowledge of interest rate and volatility derivatives, including swaps, swaptions, bond forwards, Treasury futures, total return swaps, and equity exchange-traded and OTC derivatives.

  • Proven experience managing material financial risk within an insurance, asset management, or comparable institutional context across equity and/or interest rate derivatives.

  • Demonstrated ability to own a program or initiative end-to-end within a governed institutional environment.

  • Strong communication and leadership skills, with the ability to convey complex risk topics to senior and non-specialist audiences.

  • Strong quantitative background, including hands-on experience with analytics, scenario analysis, research, simulation and risk measurement; Python and/or SQL required.

  • Bachelor's degree in Finance, Mathematics, Economics, Engineering, or a related field.

The Ideal Qualifications
  • MBA from a leading institution preferred, reflecting the leadership, strategic thinking, and cross-functional skills required to own and grow a complex program. Alternatively, MFE, or PhD, combined with demonstrated experience owning risk, making trade-offs, and operating within institutional governance frameworks.

  • Direct experience with Variable Annuity hedging programs, including governance, risk committee reporting, and option budget management.

  • Deep expertise in interest rate volatility markets, including swaptions and relative value strategies across the yield curve.

  • Strong understanding of asset-liability management principles in an insurance context.

  • Professional certification (CFA, FRM).

What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
  • Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
  • A collaborative environment where perspectives are welcomed
  • Access to learning, development, and internal networks that support continuous growth and skill-building over time
  • Employee-led communities and forums that foster connection, learning, and inclusion across the organization
  • A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset

#LI-FT1
Salary Range:
$176,400-$231,500
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are 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 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.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
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.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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