Treasurer

| Greater Boston Area

MassMutual’s Corporate Finance organization is completing a significant transformation that includes:

  • Redesigning processes, systems and experiences to operate more effectively and efficiently.
  • Creating greater access to data to make better informed decisions.
  • Positioning the Finance organization to provide thought leadership and advice to stakeholders across the enterprise.

As part of this transformation, the organization is looking for an innovative and experienced individual as its Treasurer. Reporting directly to the Head of Financial Planning and Analysis and elected by the Board, this position will lead a team responsible for:

- Identifying and executing opportunities to optimize MassMutual’s financial position and results and create enduring value through capital markets transactions, tax planning and similar initiatives

- Overseeing the development and implementation of an enterprise-wide capital budgeting and allocation 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.

- Enhancing our bank relationship strategy and framework to maximize our position and seize strategic opportunities

This position will partner closely with other teams like cash operations, reinsurance strategy and investment management.

Comfortable leading and influencing across the organization, company and external partners and suppliers, the successful candidate will be a strategist, consultant, implementer, coach, collaborator and role model. This role is a unique opportunity for an individual with investment banking, capital markets and financial planning expertise to lead a team with clear roles and objectives and contribute at the highest level to the execution and governance of the company’s finance strategy.

JOB DESCRIPTION

This role is responsible for:

  • Strategies to improve financial performance and conditions, to include:
    • Balance profitability, investor demand, and market conditions
    • Remain current on effective structures for financing, credit facilities, and spread lending as well as innovative structures from competitors, banks and others
    • Govern the establishment and maintenance of all internal and external credit facilities as well as sale leaseback relationships
    • Lead the administration and governance of surplus notes, contingent capital, commercial paper and other capital market transactions
    • Present to the investor and banking community on MassMutual financial strength
    • Optimize capital sources and uses
    • Ensure comprehensive financial statement analysis of all optimization efforts, capital management activities, new transactions, M&A, new legal entities, etc
    • Collaborate with investment management on risk/reward and forecasting cash availability for investing
  • Liquidity and capital management
    • Participate in and drive risk mitigation activities for stress testing results
    • Monitor and serve as the expert on capital frameworks (NAIC, rating agencies, international jurisdictions, etc). Be an advocate for the company in various industry and regulatory groups, committees or forums
    • Manage all regulatory and rating agency capital modeling, monitoring and documentation
    • Create and maintain an effective written capital management strategy including target capital levels and allocations aligned to strategy
    • Lead MassMutual’s Capital Committee
    • Manage and monitor cash forecasting (e.g. concentration, liquidity)
    • Serve as Risk Owner for liquidity positions
  • Bank relationship strategy and framework
    • Serve as the relationship manager for all investment banking relationships
    • Enhance and govern overall bank and financial institutional relationships across businesses and subsidiaries, including both operational bank oversight as well as transactional (investment banking) relationships
    • Optimize organizational trade – negotiate fees; develop informed relationships that are productive for MassMutual; with MassMutual management, encourage new business opportunities

QUALIFICATIONS

  • Bachelor’s degree with 15+ years of progressive Treasury, capital management, financing, and/or insurance banking solutions experience
  • Corporate Finance, with understanding of corporate finance, capital markets, life insurance and/or asset management industries, strongly preferred
  • Operational experience in cash management, custody management, and/or bank relationships
  • Expert in executing financing and credit transactions
  • Ability to influence management on key decisions while leveraging data and analysis
  • Able to build and maintain strong working relationships. Influencing and collaboration skills are a must in this role
  • Excellent verbal and written communication skills with the ability to express ideas in an articulate, organized and persuasive manner
  • Able to work well under pressure and manage multiple deliverables
  • Demonstrated success leading and managing high performing teams; inspires others to take positive action, especially in challenging situations; maintains high, but fair, standards; uses appropriate feedback mechanisms and reward systems to improve team and individual performance

#LI-DNI

  • Able to work in the U.S. without sponsorship.

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Technology we use

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Location

We have two Boston office locations at 470 Atlantic Ave and One Marina Park. We are building our new Boston Campus at 10 Fan Pier target opening 2021

An Insider's view of MassMutual

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Adoption Team Lead

What's the biggest problem your team is solving?

You don’t think of insurance as a hotbed for innovation but the very nature of our organization, Digital Experience, is to reimagine how a 168-year old company does business with its customers. Our Design team takes pride in an inclusive design process with everyone invited to provide feedback, from Product to Engineering to QA.

Maria

Digital Lead - Design

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Digital Lead

How do you empower your team to be more creative?

I encourage my team to embark on ‘deep work’ at least once a week on a ‘meeting-free’ designated day. We have design reviews to brainstorm alternative ways to solve business problems from a software engineering point of view. We consider self-reflection and brainstorming to be fundamental components of creativity.

Mike

Head of Data Science Software Engineering

How do your team's ideas influence the company's direction?

One of our projects is an application we built for our Investment Mgmt team called ViPER (Visualizing Investment Portfolio Enhanced Reporting). The application makes it easy to manage reports and get insights from Data Science models. Now with ~150 active users, it reflects how we’re using DS to facilitate data driven decision processes across MM.

Jasmine

Head of Data Science - Investments Domain

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.
Intracompany committees
Daily stand up
Team owned deliverables
Open office floor plan
Diversity
Documented equal pay policy
Dedicated Diversity/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.
Unconscious bias training
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
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 Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
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
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
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
Match charitable contributions
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.
Child Care & Parental Leave Benefits
Child Care 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.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
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
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.
Perks & Discounts
Casual Dress
Commuter Benefits
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and learns
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

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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