Preston Ray
About Preston Ray
Preston Ray is the Product Model Architect and Modeling Director at MassMutual, leading a team in building and enhancing calculation models for various insurance products.
Company
Preston Ray is currently employed at MassMutual in the Springfield, Massachusetts Metropolitan Area. He holds the position of Product Model Architect and Modeling Director. His role focuses on building and enhancing calculation models for various insurance products, including life, annuity, EGL, and COLI/BOLI. Ray has been with MassMutual since 2011, previously holding multiple roles within the company.
Title
Preston Ray serves as the Product Model Architect and Modeling Director at MassMutual. In this capacity, he leads a team responsible for developing and maintaining calculation models for a range of insurance products. He leverages agile methodologies for new product development, system conversions, and ongoing support for existing products.
Education and Expertise
Preston Ray earned a Bachelor of Arts in Economics from the University of Pennsylvania, where he studied from 1982 to 1986. His expertise spans various roles, including product management, quantitative consultancy, and systems consulting. His extensive experience includes developing consistent standards for reusable and flexible product models, coaching and mentoring insurance quants and actuarial students, and working on multiple administrative and illustration systems to support system conversions and product development.
Background
Preston Ray has a diverse professional background spanning over three decades. He began his career as an Actuarial Assistant at New York Life Insurance Company from 1986 to 1988, followed by an Assistant Actuary role at Golden Financial Group until 1994. He then worked at Computer Sciences Corporation as a Project Manager and Senior Business Consultant. His career journey also includes roles at SEG Software in Japan, Prudential Financial, and Visual Technologies Inc. before joining MassMutual.
Achievements
Throughout his career, Preston Ray has played pivotal roles in various organizations. Notably, at MassMutual, he transitioned through several key positions, leading initiatives in annuity product implementation, product management, and quantitative consultancy. His work significantly contributes to the development of agile product experts within the insurance industry, and he continuously strives to develop consistent, reusable, and flexible product models across both new and legacy systems.