Mutual Opportunities
Financial Forecast Consultant
Boston, Massachusetts; Springfield, 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.’
“Our finance team brings an incredible suite of skills to the table and they are applying that expertise to company-wide analysis and strategy. Right now, we have a lot of opportunities where people can make a difference. We’re looking for people who can help write our next chapter.“
Job Description
Financial Forecast Consultant
Full-Time
Boston, MA or Springfield, MA
The Opportunity
As the Financial Forecast Consultant for MassMutual’s Life & Other Insurance products, you will work on a fast-paced, collaborative and exciting financial planning and analysis team. You will drive the forecast for MassMutual’s Life and Other insurance financial segments as well as owning the “story” and analysis as the actual earnings emerge. You are accountable for the quarterly GAAP and STAT financial forecasts (balance sheet, income statement and cashflows) for both the inforce segments and distribution channels. This includes the forecasting for all the Life products as well as worksite LTC, disability and health products. You will work to continuously refine the forecast process along with other members across the organization. This role is highly visible across CFO and will drive change in our department and across the entire Finance organization.
The Team
The role is within MassMutual’s Financial Forecasting team in the Financial Planning and Pricing Strategy department. The team drives analysis, insight and education into Mass Mutual’s financial results. The team is a group of highly driven individuals with backgrounds in investments, accounting, actuarial, finance, etc. It is a creative, change-driving area that works very closely to effectively communicate financial results and provide reliable forecasts throughout the organization. These individuals are self-motivated, detailed and “hands-on”, while also sharing their analysis at a level that is understandable. The team offers unlimited career growth as we adapt to the strategic visions that are aligned to continue MassMutual’s strong financial performance reputation. We interact daily with the entire finance organization, in addition to partnering closely with senior leaders and business partners across the company. In advance of each forecast, this individual would work to ensure that (1) assumptions used in the financial forecast use the most relevant and up to date assumptions, (2) all assumptions and inputs are well documented with sufficient audit trail / support, and (3) users of the financial forecast understand and accept assumptions / results.
Work with the Head of Financial Forecasting to:
- Align the forecast assumptions with the most up to date trends and strategic initiatives.
- Construct and communicate the main storylines of each forecast
- Work closely with the Financial Communications and Performance Measurement team, other teams and team members to support the quarterly delivery of the business scorecards and review packages.
- Maintain strong relationships with the actuarial, product development and model governance teams to ensure accuracy and continuity of the forecast
- Effectively identify, utilize and present data in a way that facilitates evidence-based decision-making. Work independently to analyze and recommend forecast assumption changes and model enhancements.
- Analyze P&L, Balance Sheet and key metrics for the Life and Other Insurance segment
- Provide analysis and reporting on Insurance, Asset Fee, and Investment margins and explain changes from prior quarter and forecast
- Assist in identifying the main drivers of actual versus forecast variances
- Analyze and drive all significant forecast metrics: AUM, flows, policy counts etc. Develop new metrics to drive deeper analysis of earnings.
- Drive data requirements, ensure accounting policies are reflected appropriately
- Provide best in class internal and external customer support
The Minimum Qualifications
- 5+ years of experience in a financial analysis role while demonstrating increasing levels of responsibility
- High degree of financial acumen such as an understanding of accounting basis (ex GAAP, Statutory), forecasting concepts, tools and reporting.
- Bachelor’s degree in accounting, actuarial science, economics, finance or related discipline
- Familiarity with predictive forecasting techniques and scenario modeling
- Able to travel between Boston, MA, and Springfield, MA as needed
The Ideal Qualifications
- Deep knowledge of insurance pricing models, valuation and metrics such as AUM and cashflows
- An understanding of various insurance products (ex. Whole Life, Term, Universal Life, Long Term Care and/or disability income).
- Be aggressive in seeking knowledge and understanding in the way MassMutual and our products operate.
- Strong analytical skills; ability to analyze financial data sets and tell the story of the data
- Experience with tools such as SQL or Alation.
- Proven ability to complete high quality work efficiently and increase autonomy over time
- Able to build and maintain strong working relationships across cross-functional group
- Excellent verbal and written communication skills with the ability to express ideas in an articulate, organized manner.
- Able to work well under pressure and manage multiple deliverables
What to Expect as Part of MassMutual and the Team
- Regular meetings with the team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- 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-ST1
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.
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: $86,200.00-$113,100.00
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 embrace diversity in every sense, focusing on building 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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