MassMutual
We help people secure their future and protect the ones they love.
Boston, MA
Hybrid

Capital Allocations Strategist

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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

#LI-LC1

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.

 

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What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Employee awards
Flexible work schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision insurance
Health insurance
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Pet insurance
Wellness programs
Team workouts
Mental health benefits
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel.
Financial & Retirement
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) matching
Performance bonus
Charitable contribution matching
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Pay transparency
Child Care & Parental Leave Benefits
Childcare benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous parental leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Family medical leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Company sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
Fertility benefits
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid volunteer time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid holidays
Paid sick days
Occasional illness: up to 5 days per calendar year.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
320 hours of caregiver leave to take of loved ones when it matters most.
Office Perks
Commuter benefits
Free daily meals
Free snacks and drinks
Some meals provided
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Virtual coaching services

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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