MassMutual

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Head of Capital Management

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The Opportunity

As the Head of Capital Management you will work in a fast paced, innovative and collaborative environment enhancing our capital management strategy & monitoring while expanding our capital modeling capabilities for MassMutual.? This role will have the opportunity lead a team that will:

create and maintain an effective written capital management strategy including target capital and subsidiary dividends
manage all regulatory and rating agency capital modeling, monitoring and documentation.? The team will have the opportunity to rebuild our actual and forecast modeling and reporting capabilities as it relates to regulatory and rating agency capital leveraging new technology / automation and advanced analytical / modeling techniques
monitor and serve as the expert on capital frameworks (NAIC, rating agencies, international jurisdictions, etc).? In addition, this role will be the advocate for the company in various industry and regulatory groups, committees or forums
participate in and drive risk mitigation activities for stress testing results?

This role is an opportunity to have hands-on experience building a capital management function and leading a team transforming our modeling and capital management monitoring activities.?

The Team

The Head of Capital Management is a member of the Liquidity and Capital Strategy organization (direct report of the Treasurer) which is a dynamic team of individuals with diverse backgrounds that are focused on:

Understanding actual and projected trends of capital levels so that they may develop strategies to improve financial performance and conditions
Being expert at various capital frameworks and serving as an advocate for the Company in various industry or internal groups
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:

Drives effective capital management across the Company through written capital management strategy, target setting and subsidiary dividends
Drives transformation of modeling & reporting capabilities to enable real time capital calculations and scenario analysis with direct connections to financial data from our data lake
Understands how data flows through the financial systems to the accounting function, planning appropriately for changes and prioritizing and implementing enhancements
Collaborate closely with other Finance teams, MassMutual business units and corporate functions to ensure the accurate and timely recognition of various transactions and events in actual or forecast capital computations
Proactively identifies risks and opportunities and translates that into decision-useful strategic recommendations
Serves as expert in various applicable capital frameworks so that the Capital Management team can provide sound financial advice to business units or other departments, anticipating the financial statement impact of changes in the business environment and making recommendations to ensure appropriate processes are implemented and maintained
Establish and enhance internal controls and maintain and consistently improve upon a strong control environment
Proactively focuses on self and team development (e.g. research of capital frameworks, product impacts, market developments, MassMutual businesses, value creation metrics, etc)

The Minimum Qualifications

BS in accounting, finance or actuarial science
10+ years of experience in financial data modeling, financial analysis, risk, pricing or accounting
5+ years of capital management experience
Expert knowledge in capital frameworks
Proven experience participating in management committees or industry / regulatory groups
Proven experience leading teams in periods of change
Knowledge and experience in data automation and transformation.? Some tools include Python, SQL, R, etc
Knowledge and experience of US GAAP and statutory accounting
Strong multi-tasking skills and ability to adapt to change
Strong desire to ?roll-up sleeves?

The Ideal Qualifications

In-depth knowledge of US GAAP and Statutory accounting and Capital frameworks (U.S. risk-based capital, rating agency capital frameworks, solvency 2, etc)
Prior experience building a capital management framework, team and modeling
Prior experience working in a SIFI
Prior experience building capital models
Prior experience of implementing automation techniques
Prior experience with dashboard technologies (e.g. Tableau, MicroStrategy, PowerBI, etc)
Ability to proactively take ownership of projects and drive them through to completion
Experience working in a Finance transformational setting; driving change and managing competing priorities
Ability to perform independent research and prepare analyses of the impact of new developments / transactions
Detail-oriented with demonstrated oral and written communication skills

What to Expect as Part of MassMutual and the Team

Regular meetings with the Liquidity and Capital Strategy 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

About MassMutual

We've been around since 1851. During our history, we've helped millions of people find financial freedom, offer financial protection, and plan for the future.

Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: 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. ?

MassMutual was recognized as an Ethisphere 2019 World's Most Ethical Company, a Top Place to Work in 2019 according to The Boston Globe and named among America's Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.?

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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Alex Mark

Director of Migration Technology

SYNERGISTIC INNOVATION

Making finance fun, agile and innovative

To Alex Mark, ‘synergy’ isn’t a buzzword. It’s what he works to optimize as MassMutual’s director of migration technology. Whether it’s sunsetting a legacy company platform or transitioning from another organization’s tech stack through a merger or acquisition, he aims to make these shifts as synergistic as possible. Mark, who has a background in both tech and finance, said, “What makes MassMutual different in fintech is that it gives you a place to innovate.” He added, “Our agile mindset allows us to quickly pivot in the industry. The way we look at finance is fun, agile and innovative.”

The culture here is great, especially if you’re a dev or into tech — there are tons of growth resources available to you. MassMutual does a great job of serving customers while also encouraging employees to think outside the box and innovate.

Asieh Ahani

Head of Data Analytics

Personal Growth

Observing trends and solving problems

Asieh Ahani leads the data analytics team at MassMutual. Her team is constantly observing the latest industry trends so they can solve problems at scale and track the impact on the organization. Her team, she said, “is empowered to harness technology to drive data-driven decision-making.” When it comes to what sets MassMutual apart, Ahani said her team and the company overall value iterative progress for self-improvement on professional growth, wellness and work-life balance.

I joined MassMutual because the type of projects my team was working on were very interesting and aligned with my interests and expertise in leveraging data science. I stayed because I had a great career path here.

Kymberly Terry

Digital Team Lead

Diversity, Equity & Inclusion

Supporting colleagues and celebrating wins

As a digital team lead at MassMutual, Kymberly Terry knows the value of creating strong cross-functional connections in a product team. One of the best experiences with that she had, she said, was the rotating DEI discussion groups that were intentionally made up of people from different teams and weren’t led by managers. “A scrum expert could be having a conversation with a product manager from a different team. It was another way to support your colleagues and celebrate their wins and to know where they might be having challenges,” she said. “It was also a catalyst for equity.”

One of the things that I appreciate the most about being a part of my team is really the inclusive culture. It's ingrained in every aspect of not only the work that we do, but also the way we interact with each other.

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

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

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

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

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