COMPANY BACKGROUND

Since 1851, MassMutual's commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We're people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals.  Our employees are the foundation of what makes MassMutual a strong, stable and ethical business.  We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other. 

Together, we're stronger.

Ranked No. 84 in the annual FORTUNE ® 500 Ranking, MassMutual has been recognized as a World's Most Ethical Company by Ethisphere.  We are guided by a single purpose:  We help people secure their future and protect the ones they love. As a company owned by our policy owners, 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. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.

The Opportunity

As the Head of Debt Financing, Management and Liquidity you will work in a fast paced, innovative and collaborative environment enhancing our credit/financing and liquidity opportunities. The role will be responsible for developing banking relationships, managing their associated balance of trade with a focus on optimizing impacts enterprise wide; actively participate in the management of MassMutual's capital, and play an integral role in the build out of a new Treasury Management System.  You will:

• Lead the creation of policies and effectively manage total company liquidity
• Actively engage in evaluating and obtaining optimal financing solutions
• Identify, buildout, optimize and cascade all banking relationships company-wide
• Actively participate in supporting the company execution of its strategic plan

  This role is an opportunity to have hands-on experience building a credit related, liquidity focused and banking relationship management function and leading the transformation of our liquidity, credit and banking activities, while safeguarding the company's assets. 

   

  The Team

   

  The Head of Debt Financing, Management and Liquidity 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:

   

Debt Financing and Management

• Recommend optimal financing mix and secure the company's financing and capital raising options including commercial paper, surplus notes, contingent capital facilities, sale leasebacks and aviation leasing
• Evaluate and establish an intercompany borrowing program that will gain access to subsidiaries' idle excess liquidity, provide it an optimal and quick liquidity funding mechanism, with a goal of increasing overall portfolio yield
• Coordinate with cross functional teams (tax, accounting, legal) to establish, manage and maintain both intercompany and external credit/loan portfolios
• Manage overall compliance requirements on all financial commitments

Banking

• Bank relationship ambassador will be responsible for the management of existing and the creation of new banking relationships; the aggregation of each bank's company-wide trade and its optimal utilization thereof; the negotiation of the trade and related fee structures; will also include the development of a bank scorecard and becoming an active participant in the bank/client relationship meetings
• Banking administration includes having signatory authority; including corporate resolutions, and other compliance documents; as well as developing and enforcing various authorities or policies designed to protect the assets of the company
• Investment and corporate banking involving all financing, credit, and debt

   

   

  Liquidity Management

• Work with Cash Operations and Head of Capital Management to develop policies and implement strategy to optimize total company and subsidiary liquidity, including execution of dividend strategy and commercial paper issuance
• Lead initiative to identify trapped cash within the total company, maximize its liquidity and yield by identify and implementing tools/agreements to easily transfer funds between legal entities
• Evaluate, recommend, and implement a treasury management system that will have and allow for ultimate creation of a total company liquidity forecasting model

Other

• M&A transaction support
• Develop talent and high-performing, diverse teams through continuous learning, honest feedback, rigorous development, and disciplined talent management
• Communication of strategy with Treasury employees to ensure understanding & alignment of goals and responsibilities
• Establish and enhance internal controls and maintain and consistently improve upon a strong control environment
• Proactively identifies risks and opportunities and translates that into decision-useful strategic recommendations
• Actively contribute as a senior leader across Company in the development and delivery of the Global initiatives within areas of accountability
• Proactively focuses on self and team development (e.g. research of credit/debt capital markets, 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 combined experience in treasury, capital markets and/or banking
• Proven capabilities in the field of finance, including banking, capital markets and risk management
• Proven experience participating in management committees or industry / regulatory groups
• Proven experience leading teams through periods of change management
• Knowledge and experience in data automation and transformation. 
• Strong knowledge and experience of US GAAP and statutory accounting
• Strong leadership skills: ability to articulate clear direction and influence others
• Strong multi-tasking skills and ability to adapt to change

   

   

  The Ideal Qualifications

• Advanced degree in Finance such as MBA; CPA or a similar
• Advanced knowledge of US GAAP and Statutory accounting
• Strong knowledge of Capital frameworks (U.S. risk-based capital, rating agency capital frameworks, solvency 2, etc.), and the related impacts thereon from various strategic decisions
• Advance knowledge of credit and debt pricing and analysis   
• Advanced exposure to financial modeling, including accounting and treasury capital transaction implications
• Strong Office, SAP general ledger and investment reporting systems (Eagle)
• Advanced knowledge of Bloomberg and other market driven applications
• In depth Knowledge of Treasury, Banking, Finance and Investment Operations  
• Prior experience building forecasting models
• Prior experience of implementing automation techniques
• Prior experience with dashboard technologies
• Ability to proactively take ownership of projects and drive through to completion
• Experience working in a Finance transformational setting; driving change and managing competing priorities
• Ability to perform independent research and prepare impact analyses
• 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

COMPETENCIES:

• Business Acumen: Demonstrates understanding of financial processes and their criticality to the integrity and timeliness of financial reporting
• Critical Thinking: Critically and logically evaluates performance benefits vs. academic approach in thinking of alternatives
• Execution/Results: Takes ownership of problems and stays on top of them until resolved. Makes quick decisions and able to guide teams on effective trade-offs in decision making
• Engage and Inspire: Engage with the broader user community and build strong relationships
• Collaborate: Conducts periodic reviews with the business community and encourages feedback towards continuous improvement
• Learning: Constantly learns about industry best-practices around financial technology and adapts the strategy accordingly
• Communications: Ability to establish appropriate program governance with clear communications to stakeholders along with structured change management

CORE VALUES

Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People: We respect and learn from each other's diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

At MassMutual, we're fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it's the only way forward.

COMPENSATION  

We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).

#LI - DNI

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.