Head of Defined Benefit at MassMutual

| Greater Boston Area
!Sorry, this job was removed at 1:48 p.m. (EST) on Tuesday, January 7, 2020

MassMutual is seeking an accomplished professional to lead the company’s Defined Benefit business. This role has responsibility for optimization and delivery of solutions to meet the defined benefit pension needs for sponsors and participants. Defined Benefit represents a key component of the company’s Institutional Solutions business. This role is a member of the Institutional Solutions Senior Leadership Team.

This role provides strategic and tactical leadership of this business in regards to business strategy, market development, solution design/delivery, analysis of business/case opportunities, management of new business installations and ongoing administration, and leading the future direction of our presence in the defined benefit pension market. Some of the primary goals of this role include, but are not limited to:

  • Develop and maintain relationships with key consultants and advisors, including the maintenance of key account relationships
  • Collaborate across the sales organization on total retirement solutions and joint customer possibilities
  • Identify and manage the population of new business opportunities, seeking to optimize the company’s position in the defined benefit space
  • Ensure the achievement of profitability targets and sales targets, while growing the business in a risk prudent manner
  • Produce results for this business that maximize profitability, risk-return, quality/accuracy and operating efficiency
  • Perform deep analysis and drive actions to manage the profitability and risk profile of the book
  • Ensure the effective support and high performance of in-force and new business management
  • Manage operations to ensure service delivery is high quality, accurate, timely and compliant
  • Deliver a customer experience that fully meets expectations and creates valued points-of-delight for advisors, sponsors and participants
  • Lead the Defined Benefit team and its cross-functional disciplines supporting this business to ensure effective product offerings and high quality servicing/support
  • Maintain an active presence in the market and among the pension community, to be seen as a thought leader in this space
  • Utilize competitive intelligence to enhance profitability, packaging and positioning
  • Implement tools to communicate key business metrics and outcomes, and ensure necessary actions
  • Contribute to the analysis and determination of pension solutions in the broader retirement space
  • Partner with functions across the business and enterprise to ensure alignment and value add

KEY RELATIONSHIPS

Reports to Head of MassMutual Institutional Solutions

CANDIDATE QUALIFICATIONS/REQUIREMENTS

  • An accomplished professional with a proven track record of strategic and tactical leadership in driving superior business results
  • Experience in institutional retirement and the financial services industry regarding customer needs, business solutions and offering/service delivery
  • Knowledgeable in pension/retirement concepts including plan design, products and services, investments, laws and regulations, industry standards and the competitive environment
  • Demonstrates initiative and sense of urgency; takes ownership and is results-orientated
  • Ability to effectively manage and deliver on multiple concurrent deliverables
  • Disciplined approach to strategic initiatives, business projects and day-to-day activities
  • Extensive experience with leading strategic initiatives in a highly matrixed, collaborative organization
  • Proven ability to develop, lead and manage a diverse team of professionals, both within own team and across organizational boundaries
  • Ability to analyze and comprehend complex information, as well as convey complex materials to senior executives
  • Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
  • Strong analytical, critical thinking and problem solving skills
  • High degree of financial acumen (actuarial, finance and economics)
  • Excellent interpersonal and communication skills (written, verbal, presentation)
  • Advanced business degree and/or professional designations
  • Demonstrated high potential to take on greater responsibilities
  • Ability to work in the U.S. without sponsorship

Read Full Job Description

Technology we use

  • Engineering
  • Product
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Location

We currently have two Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

How do you collaborate with other teams in the company?

As a Product Owner, I spend most of my time collaborating with others across different business units. On any given day, I could be spending time brainstorming design concepts of upcoming features with our design team or assisting them with presenting these concepts to outside users as part of our user testing process.

Ryan

Digital Product Owner

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

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 Product Manager

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
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
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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