Head of Institutional Solutions Strategic Finance

ABOUT CORPORATE FINANCE :

Interested in this role You can find all the relevant information in the description below.

At MassMutual, we’re passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers.

As a member of Corporate Finance, you’ll have an opportunity to join an engaged team of professionals who provide high-quality analysis and advice to the enterprise’s leadership team and actively support both growth and profitability.

JOB DESCRIPTION

The Head of Institutional Solutions Strategic Finance will work with executive management of the Institutional Solutions to provide high quality analysis and information to facilitate decision-making. The incumbent will report to the Head of MMFA Strategic Finance Business Partners, who reports to the Head of Strategic Finance Business Partners.

As the senior corporate finance executive working regularly with the senior management team of Institutional Solutions, this role is responsible for leading the Corporate Finance work with Institutional :

• Lead matrixed teams that prepare high quality financial analysis and information to influence important decisions. This includes regular reviews of key financial and business KPIs versus plan, trends to develop proactive and informed forecasts and contribute to the development of robust CBAs and measuring progress versus deal model.
• Senior finance partner for Institutional leadership teams on the development and support of strategic plans, and short-term and long-term management goals and objectives, appropriately balancing finance partner and corporate stewardship responsibilities.
• Respected thought partner in the development and execution of strategies and initiatives to achieve organizational aspirations, including active, ongoing involvement in pursuing the Strategic Planning and Delivery revenue enhancement and efficiency goals. This includes working to simplify financial processes, data flows and assignment and allocations of costs.
• Drive business strategies and execution transparency and discipline related to Funding Agreements, B2B life products, Pension Risk Transfer, and Stable value mutual fund trends – including competitive landscape, and key industry metrics – which are used to assess performance vs. plan and prior trends.
• Monitor financial performance drivers, risks, metrics and timely communicating trends and observations
• Evolve reporting and current processes to modern approaches (e.g. dashboards with high quality financial analysis and insights) to facilitate important decisions, working with FP&A, Controllers, Actuarial, Corporate Strategy and others.  This includes leading teams that develop financial story that is representative of factual performance and deep insights to drive decision support and track management action.
• Lead matrixed teams that drive the development of Institutional forecasts with a focus on material aspects of P&L and Balance Sheet impacts with clear documentation of basis for assumptions.  Establish formal sign off on forecast and plan assumptions with Institutional leaders.
• Key liaison between Institutional and the CFO organization, leveraging work done throughout CFO to provide holistic finance support to Institutional and streamlining requests between finance and the business.
• Improve transparency around leading indicators to improve financial performance of products and distribution trends - Institutional products (Pension Risk Transfer, Funding agreements, Life insurance (COLI / BOLI), and Stable Value IO).  Identify outliers, trends and influence optimal decision making.
• Strong finance partner and leader contributing to the modernization of strategic finance organization – ability to work through ambiguity, strong communication and change management and mobilize matrixed team’s around most important work.  Partner with Center of Excellence to realize SFBP operating model.

LEADERSHIP RESPONSIBILITIES :

QUALIFICATIONS AND REQUIREMENTS :

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.