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Budget and Expense Analyst
MassMutual
IT, Accounting & Finance
Multiple locations
Posted on Nov 1, 2024
The Opportunity
As Budget and Expense Analyst you will work in a fast paced, innovative, and collaborative environment to manage a complex budget including expense management, forecasting and reconciliation for the Brand, Product and Affiliated Distribution organization. This will include reporting to executive and senior leadership that summarizes and interprets data in a manner that “tells a story”. In this role, as well as all roles within MassMutual, you will demonstrate accountability, agility, a dedication to being inclusive, having strong business acumen, and will show courage, even in the most difficult situations. We also highly value strong communication skills, intellectual curiosity, proactivity, resilience and self-awareness.
The Team
As part of Brand, Product and Affiliated Distribution, the Distribution Platforms and Readiness team is responsible for driving strategy and execution related to technology, reporting, readiness and change management to support MassMutual’s product, marketing and career distribution organizations. Within Distribution Platforms and Readiness we place a premium on our creating a diverse and inclusive team, aligning priorities with key markets and distribution channels, while nurturing partnerships with key stakeholders based in transparency and accountability.
The Impact:
As Budget and Expense Analyst you’ll have an opportunity to use your analytic skills to provide a detailed understanding of the financial and expense components of how our business works. You will also be responsible for developing reports for senior leaders with an eye on proactively monitoring financial goals.
The Key Responsibilities include:
Responsible for data consolidation and interpretation of Brand, Product and Affiliated Distribution cost centers for all budget-related tasks including expenses and FTE tracking.
Serve as liaison to Strategic Finance Business Partners department regarding forecasting and budget management for the full Brand, Product and Affiliated Distribution.
Understand the current business strategy in order to provide analysis and prepare reports on progress of the Brand, Product and Affiliated Distribution budget and P&L.
Work closely across the organization to develop and produce analysis related to expense and FTE trends; proactively identify any gaps in data or expenses.
Develop a deep, micro-level understanding of the budget in order to provide recommendations for leadership on budget allocation and improvements.
Compile monthly and quarterly budget and planning review processes including coordinating agendas, documenting changes, and archiving current plans
Use multiple tracking systems or databases to monitor the budget
Prepare timely high-quality, clear and succinct materials for regular business meetings, including senior or executive-level presentations, reports and communications from a budget, expense and FTE perspective
Drive continuous improvement in process through increased leverage of technology to optimize and automate financial data including visualization dashboards.
Provide support for developing new expense models and processes
Application of basic project management skills, tools and techniques to project deliverables, processes, communications and presentations in order to meet or exceed stakeholder needs and expectations.
The Minimum Qualifications
Bachelor's degree
5+ years of work experience involving budgets, forecasting, and accruals, including familiarity with visualization tools such as MicroStrategy, Tableau, etc.
3+ years of strong Microsoft Suite expertise, with special emphasis on Excel
The Ideal Qualifications
5+ years of work experience in the financial services or insurance industry experience
Strong Microsoft Suite expertise, with special emphasis on Excel
Ability to communicate effectively, both in writing and interpersonally
Comfortable with data query and analysis tools and retrieval of data from core databases
The professional in this role must be highly organized with exceptional attention to detail
Strong knowledge of finance processes
What to Expect as Part of MassMutual and the Team
Regular meetings with the Distribution Platforms and Readiness team
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 business with industry leading pay and benefits
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Salary Range:
$84,100.00-$110,300.00At 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.