Capital Allocations Strategist
The Opportunity
As the Capital Allocations Strategist, you will work in a fast paced, innovative and collaborative environment designing, modeling and implementing benchmarking and transfer pricing, capital allocation and product performance measurement programs. This role will have the opportunity to work with the Head of Optimization and Allocation Strategies on finance initiatives:
- Developing an enterprise-wide capital budgeting and allocations framework that will have implications for how we measure business and enterprise returns, price our products, hedge and otherwise manage our debt and equity capital
- Apply understanding of product characteristics/risks and capital frameworks to drive strategic transaction analysis and recommendations
- Implementing transfer pricing expense and revenue in management reporting and forecasting frameworks to highlight company performance throughout the value chain
The Team
The Capital Allocations Strategist 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
- 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 achieved product performance reporting and analysis, as part of an enterprise-wide capital budgeting and allocation framework, and deliver analysis to inform strategic decision-making:
- Developing capital budgeting and allocation framework to enhance enterprise risk/return profile, working closely with the Capital Management Team
- Reporting and analysis on achieved product returns and capital efficiency
- Participate in capital transaction analysis, including M&A and reinsurance transaction analysis
- Improving methods and processes for allocating net investment income (NII), expenses, and capital to a product level, based on product characteristics and informed by benchmarking
The Minimum Qualifications
- BS in accounting, finance, business, actuarial science or a related field
- 5+ years of progressive experience in capital management, insurance or investment product pricing (retail and institutional insurance products), financial analysis, or enterprise risk management, etc.
- Strong multi-tasking skills and ability to adapt to change
- Ability to proactively take ownership of projects and drive them through to completion
- Ability to perform independent research and prepare analyses of the impact of new developments / transactions
- Strong desire to “roll-up sleeves”
The Ideal Qualifications
- Actuarial skillset a plus
- Experience in capital management, allocation, and budgeting or M&A/reinsurance transaction analysis
- Knowledge of statutory, rating agency, and economic capital frameworks
- Knowledge of US GAAP and statutory accounting
- Experience in data automation and transformation
- Experience working in a Finance transformational setting; driving change and managing competing priorities
- Detail-oriented with demonstrated oral and written communication skills
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 and development opportunities
- Access to a collaborative network within the team with connected objectives
- 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
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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.