Mutual Opportunities
Head of Institutional Solutions Strategic Finance
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
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
ABOUT CORPORATE FINANCE:
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:
• Develop and maintain strong working relationships with business, finance and corporate leaders, through regular value-add involvement in planning, strategy and team update meetings.
• Communicate complex information and analysis in clear, simple and understandable terms with appropriate context, focused on actionable content.
• Inspire, lead and execute on CFO finance transformation goals, including data-driven financial analysis, automated reporting, advanced analytics, developing staff and successors for key roles. Also, work to influence the culture, promoting self-service, collaboration, benchmarking and disciplined cost-benefit analyses
• Create an environment that fosters a culture of innovation, empowerment and collaboration.
• Actively champion the CFO division’s work to attract, retain, and develop top-tier diverse talent.
QUALIFICATIONS AND REQUIREMENTS:
• Experience leading and developing high caliber teams
• Required: CPA or MBA strongly preferred, prior experience supporting large distribution channel in Financial services (including Wealth Management)
• Deep knowledge of U.S. GAAP, statutory financial reporting requirements relating to life insurance products
• Exceptional relationship building and influencing skills
• Extensive (7-10years) experience with wealth management retail broker-dealer, life insurance, annuities and proprietary mutual funds
• Excellent communication skills, including the ability to convey complex information in readily understandable terms.
• Demonstrated experience with creative problem-solving
• Ability to work well under pressure and manage multiple deliverables
• Ability to travel between Boston and Springfield regularly
• Must be authorized to work in the US without sponsorship now or in the future
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: $194,700.00-$255,400.00
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 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.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
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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