Head of Modeling Center of Excellence

Job Description

POSITION SUMMARY

We are establishing the Modeling COE to centralize and standardize the development, validation, governance, and deployment of critical financial models. The Modeling COE is a new function that is being created to accelerate and enhance the significant modeling needs across Corporate Finance that can also be leveraged by Investment Management and Enterprise Risk Management. The Head of Modeling COE will report to the Chief Actuary and will be a key member of the Corporate Actuarial Leadership Team. The Head of Modeling COE will partner closely with Corporate Actuarial and CFO functional leaders (FP&A, Treasury, Controllers, Finance Transformation, etc.) and business and corporate stakeholders in creating a compelling vision and strategic plan to deliver new and enhanced modeling capabilities in support of multiple financial projection uses including the multi-year GAAP and Statutory Plan / Forecast, long-term capital planning, value of inforce analysis, and liquidity risk / stress testing. This leader will be responsible for the recruitment, development and effective management of a team of talented professionals in building out the Modeling COE function.

This role will require strong leadership skills combined with superior modeling and analytical skills to : (1) create an integrated modeling vision & strategy and implementation plan that connect complex actuarial, investment, risk, and financial concepts, (2) deliver on modeling capabilities and solutions in a timely manner and with high quality and well-controlled environment, and (3) present and communicate progress on results, issues, and solutions with clarity and credibility to various stakeholders and senior management. This leader will need to establish strong relationships and collaborate effectively across the CFO organization, as well as with Investment Management, ERM and business partners. In addition, this leader will be able to drive complex projects to completion and provide / implement industry thought leadership and best practices.

The Head of Modeling COE will need to demonstrate deep actuarial and financial knowledge across MassMutual’s portfolio of insurance products as well as an understanding of the drivers of earnings and connections to the balance sheet, and is an expert in the modeling of assets, liabilities and capital in an insurance company context. This leader will possess excellent technical skills and modeling expertise necessary to direct the development and governance of complex financial projection models and the associated data and infrastructure that span different product lines and accounting frameworks.

In addition to outstanding modeling and problem-solving skills, this leader will exhibit strong leadership, relationship management, and communication skills to be fully successful in this role. This leader is expected to :

• Communicate effectively with CFO leaders and business partners, including the translation of technical topics to different audiences and providing clarity of the business impact and insights to inform decisions
• Ability to innovate and implement practical solutions in the development of complex financial models across MassMutual’s broad range of insurance products, including data issues / limitations
• Collaborate across teams to ensure alignment of goals, effective execution of deliverables, and monitoring progress
• Navigate issues that arise and / or competing priorities; Effectively, negotiate the right solutions and positive outcomes across stakeholders
• Liaise with internal business departments and support a culture of service or proactive solutions and team support
• Establish strong credibility and executive presence with business partners and CFO leadership to effectively drive ideas forward, impact management decision-making, and influence strategies
• Contribute to Corporate Actuarial thought leadership and positive team culture

OVERALL RESPONSIBILITY

The Head of Modeling COE will accountability for these specific deliverables and responsibilities :

CANDIDATE QUALIFICATIONS

MassMutual is an Equal Employment Opportunity employer Minority / / / / Individual with / 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.

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