Life Business Strategic Finance Lead

Life Business Strategic Finance Lead

Full-Time

Boston, MA or Springfield, MA

The Opportunity

Highly seasoned finance professional with specialized skills / knowledge, which is recognized across the organization for their expertise. Demonstrated potential to take on expanded responsibilities. Influences and makes decisions with significant impact on the organization and / or company. Influences the development of functional strategy. Establish medium to long term work plans for the function and contributes to the development of financial and resource planning needed to achieve department business objectives. Has an established track record of success for driving and accomplishing critical business objectives. Manage, coach and develop one or more direct reports.

The Life Business Strategic Finance Lead will work with business partners in Brand, Product & Affiliated Distribution (BP&AD) and Corporate Finance to provide high quality information and analysis to facilitate assessment and reporting of business performance, identification of options and decision-making. This role will be critical to managing the newly established Life P&L, including distribution, new business and In-force profitability. In addition, this role will oversee Sales for BP&AD (Life, Annuity and Worksite) and the MassMutual Financial Advisors, MMFA channel, including reporting and forecasting of product level sales. The role reports to the Head of BP&AD Strategic Finance within CFO, and will be working directly with the Head of Product and the Head of the MMFA Business on a regular basis.

As the Life business Strategic Finance Lead, you’ll have an opportunity to contribute to helping our businesses grow and become more profitable. You will develop and maintain strong knowledge of products, markets, competitors and key industry metrics. You will utilize your understanding of the business’ challenges and priorities to help drive decision-making. You will partner across Finance to understand the financials, leveraging data platforms to identify key information that will help to tell the story. You will provide support to CFO customers on performance, opportunities for cost efficiencies, benchmarking comparisons, sales, profitability results and considerations for decision-making. You will contribute to engagement for change, innovation and value creation.

The Team

In this role, you will join our BP&AD Strategic Finance team primarily supporting our MassMutual Life and MMFA business, which manufactures and sells protection and annuity products as well as wealth management solutions. The Strategic Finance team is a collaborative team whose members demonstrate accountability, agility, a dedication to be inclusive, strong business acumen, and show courage, even in the most difficult situations. Highly effective communication and influencing skills are key to successful relationship-building and the ability to articulate the reasoning and bases for recommendations and conclusions are imperative. In addition, the ability to influence and challenge assumption in a matrixed organization will be essential. Our team demonstrates an inquisitive approach, asking probing questions to identify issues with specificity.

The Impact :

As the Life Strategic Finance Lead your work will impact strategic decisions made by your business partners; enabling better strategic decisions utilizing the financial data and tools. You will accomplish that through the responsibilities listed below :

Drive and Support Strategic Initiatives :

• Actively participate in driving business financial projects / initiatives. Be a respected thought partner in the development and execution of strategies and initiatives to achieve the enterprise’s strategic aspirations and goals, including active, ongoing involvement in product development and pricing analytics
• Lead the development of the Life P&L, including development of a Source of Earnings view : Insurance Margin, Investment Margin and Fee Margin. Understand and actively influence the expense allocation process to ensure expenses supporting Life are representative of the business.
• Review forecast and initiative assumptions and contribute to cost-benefit analyses to support decision making, including prioritization, in order to pursue the most beneficial initiatives and maximize benefits.
• Inspire, lead and execute on CFO transformation initiatives, including data driven financial analysis, automated reporting, advanced analytics, data governance, and talent strategy.

Model and Analyze :

Monitor and Communicate Business Drivers and Results

Collaborate, Communicate and Influence :

The Minimum Qualifications

The Ideal Qualifications

What to Expect as Part of MassMutual and the Team

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MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.