Mutual Opportunities
Capital Planning Consultant
Boston, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
Finance and Accounting is at MassMutual’s core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.
Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.
Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies ‘together we move forward.’
“At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don’t have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We’re looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you’ll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo.”
Job Description
CAPITAL PLANNING CONSULTANT
Full-Time
Boston, MA
The Opportunity
As a Capital Planning Consultant, you will work in a fast paced, innovative and collaborative environment, working within a team that drives regulatory capital, financing and liquidity strategies to maximize MassMutual’s policyowner value. This role will report directly to the Capital Planning Lead within MassMutual’s Treasury Organization.
The Capital Planning Consultant will have the opportunity to:
- Contribute to analysis that will be used for strategic capital allocation decisions within Capital Committee meetings and other strategic discussions
- Enhance modeling tools and reporting capabilities for capital forecasts and return on capital metrics
- Collaborate across multiple teams including Financial Planning & Analysis, Corporate Actuarial, Enterprise Risk Management, Pricing and Investment Management to ensure consistency of assumptions and modeling methodologies
- Proactively focus on self-development (e.g. research of capital markets, capital frameworks, product impacts, market developments, MassMutual businesses, value creation metrics, etc.)
The Team
The Capital Planning Consultant is a member of the Balance Sheet Management team within the Treasury organization. This role will work with a dynamic team of individuals with diverse backgrounds that are focused on understanding actual and projected trends of regulatory capital, operating liquidity, financial flexibility and earnings levels so that they may develop strategies to improve financial performance to support maximizing value.
The Impact
Your work will contribute toward the evaluation of strategic decisions made to optimize allocation of capital. You will accomplish that through the responsibilities listed below:
Strategic Capital Modeling:
- Lead bi-annual Return on Capital analysis, including generating long term view of STAT earnings based on life cycle earnings expectations
- Assist in producing quarterly statutory earnings power and regulatory capital projections and scenarios (both short and long-term range), including detailed analytics to support strategic decision making
Validation of Assumptions and Modeling Methodology:
- Ensure that our models are maintained, well-documented and compliant with enterprise model governance policies
- Ensure clear documentation of assumptions and methodology; facilitate peer review process
- Gain a deep understanding of the unit economics of each product, both before and after reinsurance, to ensure appropriately modeled
- Ensure key forecast driver assumptions and modeling methodologies are developed in collaboration with other Corporate Finance and Enterprise projections (e.g. Valuation, Financial Planning & Analysis, Pricing teams)
Review and Communication of Results:
- Leverage advanced analytics (in-force analysis, experience studies, external market data), scenario analysis and strong attribution analysis to explain forecast results
- Review P&L assumption elements for assessing overall reasonableness of forecasts and ROC results
- Use business acumen and communication skills to draft and contribute to commentary which enables readers to quickly understand key results, implications and drivers
Support Long-Term Transformation of Capital Projections
- Support long-term goal to transition capital projections to Anaplan rather than Excel for greater efficiency
- Collaborate with Enterprise Risk Management to support future alignment of modelling and testing methodologies and assumptions between base and risk appetite scenarios
The Minimum Qualifications
- BS in accounting, finance, actuarial science or related field
- 7+ years of modeling experience in valuation, pricing, asset modeling, financial planning, and/or in financial risk management
The Ideal Qualifications
- In-depth knowledge of Statutory accounting and Capital frameworks
- Insurance product pricing and modeling experience
- Critical thinking and problem solving
- Experience collaborating across multiple teams
- Detail-oriented with excellent oral and written communication skills
- Organized, planful and continuous improvement mindset
- Intellectual curiosity to continue learning and adding breadth and depth to understanding
- Ability to seek guidance and learn new skills from peers
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Balance Sheet Management and broader Treasury teams
- Focused one-on-one meetings with your manager
- 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 business with industry leading pay and benefits
#LI-MM1
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $113,100.00-$148,400.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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