Financial Calculations Consultant Assistant Manager

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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.
  
  

• 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.
  
  

• 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.