Investment Management Budget and Expense Consultant

Investment Management Budget and Expense Consultant

Investment Strategy & Governance Team

Full Time

Springfield, MA or Boston, MA

The Opportunity 

Investment Management (IM) is looking for a highly motivated and engaged Budget and Expense Consultant. In this role, you will support and be accountable for the financial analysis, forecasting, expense management, reconciliation and automation of financial data for the IM Operations team. Additionally, you will be responsible for analyzing demand capacity reports and models to support the optimization of work efforts, alignment to the budget, and time and cost to meet operational needs. The candidate must be task-driven and detailed oriented while having clear and concise written and verbal communication skills with the ability to orchestrate multiple simultaneous initiatives which will require excellent communication, organization, time management, and problem-solving skills. This position is based in Springfield or Boston with a hybrid schedule. 

The Team 

The Planning and Enablement team is part of the Investment Management (IM) Strategy and Governance Organization and is responsible for third party supplier management, financial planning and analysis, coordination and support for initiatives, strategic communications, and the employee onboarding experience. The Strategy and Governance team drives IM’s strategy forward, optimizing governance and decision-making processes, analyzes, and establishes common metrics, processes, and tools and supports key internal and external stakeholders in progressing the IM target operating model. The team is also responsible for coordinating the department’s strategic initiatives, Investment Compliance, Investment Due-Diligence and Investment Data Strategy and Governance. 

The Impact

As an Investment Management Financials Consultant, you will work closely with Investment Operations Leaders and the Planning and Enablement team along with our Finance Business Partner to own the financial tracking, forecasting, budgeting, and reporting process to ensure budgetary requirements are maintained and enforced across the Investment Operations team. This will include reporting to managers and senior leadership that summarizes and interprets data in a manner that “tells a story”.

• Manage the IM Operations cost centers ensuring ongoing accuracy of financials and development of monthly cost center reports
• Own the development, implementation, and monitoring of work efforts to ensure alignment with organizational goals and financial objectives
• Prepare timely high-quality, clear and succinct materials for regular business meetings, including senior or executive-level presentations, reports and communications from a budget, expense and FTE perspective 
• Support quarterly forecasting cycles and future year planning
• Continuously evaluate and enhance financial management processes to improve efficiency and accuracy
• Report up to leadership and key stakeholders on financial health and performance
• Drive continuous improvement in process through increased leverage of technology to optimize and automate financial data including visualization dashboards
• Work closely across the organization to develop and produce analysis related to expense and FTE trends; proactively identify any gaps in data or expenses
• Develop a deep, micro-level understanding of the budget to provide recommendations for leadership on budget allocation and improvements
• Use multiple tracking systems or databases to monitor the budget

The Minimum Qualifications

• Associate’s Degree or equivalent experience or expertise
• 3+ years of measurable success in supporting financial activities associated with the delivery of projects within budget and collaborating cross-functionally
• 3+ years of experience with financial modeling, analysis, forecasting, budgeting and management of cost centers
• 3+ years of experience in demonstrating effective communication in a corporate environment (written and verbal) and interpersonal skills
• 3+ years of utilizing features commonly available in enterprise project management software solutions and adapting quickly in changing environments

The Ideal Qualifications

• Bachelor's Degree
• 5+ years of work experience in the financial services or insurance industry experience
• Experience in wealth management and/or insurance industry sectors, ideally supporting corporate functions
• Knowledge of process improvement and strong problem-solving skills
• Hands-on experience with Clarity PPM
• Proficient with financial tracking tools, MS Office Suite, and corporate forecasting systems
• Proficient with data query and analysis tools and retrieval of data from core databases
• Experience budgeting, forecasting and accruals, including hands on experience using visualization tools such as Tableau, MicroStrategy, etc.
• The professional in this role must be highly organized with exceptional attention to detail
• Strong knowledge of finance processes

What to Expect as Part of MassMutual and the Team:

• Regular meetings with the Planning and Enablement Team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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-FT1

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.