Financial Planning & Analysis Consultant - Treasury

MassMutual

MassMutual

Accounting & Finance
Multiple locations
Posted on Jul 31, 2024

Financial Planning & Analysis Consultant - Treasury

Full-Time

Boston, MA, Springfield, MA, New York, NY or Cincinnati, OH

The Opportunity

As the Financial Planning & Analysis Consultant, you will work in a fast paced, innovative, and collaborative environment designing and implementing capital management initiatives with a focus on improving quality and efficiency. This role will have the opportunity to work with the Capital Management Team on Treasury objectives.

The Team

The Financial Planning & Analysis Consultant is a member of the Treasury organization which is a dynamic team of individuals with diverse backgrounds that are focused on maintaining a balance between high and sustainable returns for policyholders, and a strong capital position, while enabling MassMutual to take advantage of growth opportunities; within internal, regulatory, and rating agency constraints. In addition, the team focuses on minimizing time spent on production and data manipulation activities by transforming our modeling, analytic, and reporting capabilities and implementing automation and technology where possible.

The Impact

This role will help drive the reporting of MassMutual’s capital position and deliver analysis to inform strategic decision-making focused on capital drivers.

  • Provide period-over-period capital variance analysis and identify key drivers
  • Improve attribution analysis to provide insight into capital trends and inform capital planning strategy
  • Identify and evaluate capital spend for business and strategic opportunities, across financial, risk, and strategic views
  • Participate in industry-wide advocacy efforts on upcoming regulatory changes and/or assist in implementing capital-efficient structures
  • Participate and provide support in capital initiatives, including capital budgeting & allocation, product-level capital consumption analysis, and long-term forecasting of capital position
  • Provide support on various capital management initiatives focused on developing enhanced capital analytics
  • Represent MassMutual in discussions with the regulators and industry groups (e.g., National Association of Insurance Commissioners, American Council of Life Insurers, American Academy of Actuaries) to monitor proposed regulatory changes

The Minimum Qualifications

  • BS in accounting, finance, business, actuarial science, or a related field
  • 8+ years of progressive experience in corporate finance roles, including capital management, planning & analysis, enterprise risk management, etc.

The Ideal Qualifications

  • Knowledge of statutory, rating agency, and economic capital frameworks
  • Experience in capital management, allocation, and budgeting
  • Knowledge of US GAAP and statutory accounting
  • Experience working in a Finance transformational setting; driving change and managing competing priorities
  • Ability to identify and implement changes to complex processes that will save processing time and/or provide insight into results

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Treasury and other Financial Planning & Analysis teams
  • Focused one-on-one meetings with your manager
  • Access to mentorship opportunities
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a strong and stable ethical nosiness with industry leading pay and benefits

#LI-RK1

Salary Range:

$110,400.00-$144,900.00

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 Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

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.