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MassMutual

Key Operating Entities FP&A Lead

Posted 10 Days Ago
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Hybrid
Boston, MA
160K-210K Annually
Senior level
Hybrid
Boston, MA
160K-210K Annually
Senior level
Lead financial planning and analysis for MassMutual's key operating entities, collaborating with senior leaders to develop strategies and financial metrics.
The summary above was generated by AI
The Opportunity
Summary
Develop, plan and direct financial and business objectives as it relates to MassMutual's key operating entities. You will be working with each key operating entities' senior leaders to drive key business decisions and develop a robust long-term strategy; in addition, you will be collaborating with the broader CFO at MassMutual to develop, report and track financial performances of each entity. This role will lead a function which serves as "one source of truth" of financial metrics related to KOEs and the position has corporate wide impact. Lastly, this position can mentor and/or direct less experienced managers or employees.
The Opportunity
As the Key Operating Entity FP&A lead, you will work in a fast paced and collaborative environment developing and refreshing "score cards" to assess KOEs and interpreting financial results to various internal stakeholders including MassMutual's Executive Leadership Team. This role will report directly to the Head of Strategic and Financial Management of Key Operating Entities and is a key role in MassMutual's Key Operating Entities Organization. You'll have frequent interactions with senior stakeholders including senior leaders within CFO and MassMutual.
The Key Operating Entities FP&A lead will have the opportunity to lead a team that will:• Develop key metrics to measure financial performance related to key operating entities• Work with each key operating entity' senior leaders to develop long term financial strategy, vet earning forecast, identify key revenue and expense drivers and run sensitivity analysis• Serve as the central point of contact and one source of truth to deliver forecasted financials and interpret actual results related to KOEs• Publish and develop quarterly KOE reports including:
 Major business updates (e.g., strategy, pipeline, pricing, new mandates/ product launches, key personnel change etc.)
 Updated financial projection/ capital needs, and translate results to MassMutual's overall financial forecast planning & analysis
 Interpret actual results and identify deviations from plan
 Competitive landscape and market positioning• Attend industry conferences to extend professional network, collect market intelligence and represent MassMutual• Actively contribute as a leader across Company in the development and delivery of strategic priorities within areas of accountability• Proactively focus on self and team development (e.g. research of market developments and trends, various capital frameworks (Solvency II, Bermuda etc.), product impacts, MassMutual related businesses, value creation metrics, etc.)
The Team
The Key Operating Entity FP&A is a member of the KOE organization (direct report of Head of Key Operating Entities) which is a dynamic team of individuals with diverse backgrounds that are focused on:• Maximize KOE values, both individually or collectively as a portfolio• Establishing a rigorous framework to monitor and drive performance on existing KOEs• Strengthen existing enterprise-wide business relationships and push for additional synergistic partnerships• Source new investment opportunities to expand KOE portfolio and/or replace underperforming entities• Maximize value for MassMutual as a shareholder and ensure alignments of key interest
The Impact:• Support leadership and other key customers by performing rigorous analysis and effectively communicating key takeaways and recommendations• Drive transformation of modeling & reporting capabilities to produce more accurate forecasts and run scenario analysis• Proactively identify issues underlying existing processes and translates that into strategic recommendations to drive accuracy and improvement in the short/ medium terms• Produce and publish quarterly KOE financial reports, including detailed analytics to support strategic decision making• Regularly present results to MassMutual's Board, CFO, QMR and other internal forums• Engage and influence senior stakeholders to steer a strategic agenda• Develop strong, collaborative working relationships with business partners across teams and levels
The Minimum Qualifications• BS in accounting, finance or actuarial science• 5+ years of experience in financial analysis, accounting in the financial services sector, or market research functions• Strong analytical skills, judgement, attention to detail, and creativity to effectively solve problems• Ability to navigate ambiguity, take initiative, and prioritize in a fast-paced, dynamic environment; balance the needs of multiple stakeholder groups• Proactive and resourceful self-starter who takes initiative and ownership• Ability to learn new topics and skills with a combination of intellectual curiosity, desire for professional growth, and receptiveness to feedback• Detail-oriented with excellent verbal and written communication skills• Strong multi-tasking skills and ability to adapt to change• Ability to proactively take ownership of projects and drive them through to completion
The Ideal Qualifications• Knowledge Statutory accounting and Capital frameworks (U.S. risk-based capital, rating agency capital frameworks, Solvency 2, etc)• Investment banking or equity research experience
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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.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $159,800.00-$209,700.00

Top Skills

Accounting
Financial Analysis
Market Research

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