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MassMutual · 1 day ago

Head of Strategic Expense Initiatives & Capabilities

Hartford, CT

Full-time

Onsite

Director/Executive

10+ years exp

MassMutual is seeking a Head of Strategic Expense Initiatives & Capabilities to lead their expense organization. This role involves advancing expense management initiatives, capabilities, and policies while pioneering innovation and driving collaboration with various teams.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Drive alignment on YoY top-down expense guidance and support business and functional partners in delivering

Design intuitive, actionable expense performance analysis to create transparency and surface savings opportunities (incl. an external lens / benchmarking)

Enhanced reporting and deep analytics around overall expenses, headcount, pricing gaps

New tools: HC scenario impacts, Global Business Solutions (GBS) net savings, scenario analysis around expense levers and pricing impacts – ongoing reporting & validation

Potential for category-specific councils (software, travel, HC, 3P contractors, management consulting, etc.)

Establish unit cost transparency on ‘run the business’ spend – prioritizing technology and operations areas and ongoing reporting

Partner with Actuarial to deepen understanding of pricing expense allowances vs. actuals and benchmarking gaps to create awareness and align ELT on multi-year aspiration and then surgical levers to achieve. Track and monitor delivery of multi-year aspiration

Partner, influence and align capabilities and processes with Strategic Planning & Delivery (SP&D), PMO and Procurement to increase transparency to improve economics and execution rigor

Build more robust and pro-active transparency to improve economics (connect business drivers to spend, 3rd party spend, portfolio execution and eventual benefit realization)

Transparency into funding capacity and alignment (improve T shirt size), CBA, execution health metrics and benefit realization (SPD & BAU programs) – linkage to forecast (spend and benefits)

Transparency into Procurement levers / options and drive strategic trade-off discussions w/ ELT/SLT in partnership with procurement. Create clear linkage to forecast (validate growth and savings vs. avoidance)

Partner with colleagues to “Raise the bar” on robust and enhanced analytics to guide decision support (historical trends, correlations, enhanced transparency on BAU vs. outliers, etc.)

Build Pilot Gen AI/agentic AI ad hoc analytics solution to support initial use case(s)

Stand-up our Global Business Solutions (GBS) support team in India to support SEM (executive presentations and analysis for SLT/ELT reviews/recommendations)

Assess technology tools and capabilities needs, design business requirements and secure funding

Qualification

Financial analysisExpense managementStrategic planningAdvanced forecastingAnalytical skillsChange managementCommunication skillsProblem-solvingClient serviceTech forwardMBACPATeam leadershipDetail-oriented

Required

10+ years of experience in senior finance roles with proven ability to work across a heavily matrixed organization to lead and influence through ambiguity to mobilize teams and peers to deliver on key results

Tech forward leader with proven track record of implementing new and innovative technologies with strong communication, training and change management skills

Excellent verbal and written communication skills with ability to convey complex materials to all levels of the organization including senior executives and Board of Directors

Demonstrated experience in implementing advanced forecasting / strategic planning techniques including activity based costing and zero-based budgeting

Master's or Bachelor's degree in Business/Finance/Accounting or related discipline

High degree of financial acumen

Strong analytical skills; ability to analyze financial data sets and understand the 'so what'

Organized and detail-oriented; Ability to work well under pressure and manage multiple deliverables

Proactive and self-motivated; anticipate upcoming client projects and deliverables

Ability to think critically and demonstrate good judgment

Demonstrate experience with creative problem-solving

Experience driving transformation efforts

Ability to work through large data sets to understand key trends

Innate desire to provide excellent service to clients

Preferred

MBA or CPA designation is a preference

Prior management consulting experience is also a preference

Company

MassMutual

Glassdoor3.9

MassMutual is a mutual life insurance company that provides investment management and trust services.

Founded in 1851

Springfield, Massachusetts, USA

5001-10000 employees

https://www.massmutual.com/

H1B Sponsorship

MassMutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (96)

2024 (94)

2023 (66)

2022 (115)

2021 (121)

2020 (73)