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MassMutual · 5 hours ago

Annuity Business Strategic Finance Lead

Springfield, MA

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

MassMutual is a prominent financial services company seeking an Annuity Business Strategic Finance Lead. This role involves working with business partners to provide high-quality information and analysis for business performance, managing the Annuity P&L, and supporting strategic decision-making within the organization.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Actively participate in driving business financial projects/initiatives. Be a respected thought partner in the development and execution of strategies and initiatives to achieve the enterprise’s strategic aspirations and goals, including active, ongoing involvement in product development and pricing analytics

Lead the efforts to advance the Annuity P&L, including development of a Source of Earnings view: Insurance Margin, Investment Margin and Fee Margin. Understand and actively influence the expense allocation process to ensure expenses supporting Annuity are representative of the business

Review forecast and initiative assumptions and contribute to cost-benefit analyses to support decision making, including prioritization, in order to pursue the most beneficial initiatives and maximize benefits

Inspire, lead and execute on CFO transformation initiatives, including data driven financial analysis, automated reporting, advanced analytics, data governance, and talent strategy

Prepare high quality analysis to influence key financial decisions, including developing and employing analytical models. This analysis is also used both with the business and within CFO for management reporting and external reporting

Contribute to the development of driver-based forecasts, reviewing and vetting P&L assumption elements and assessing overall reasonableness of earnings forecasts. Ensure that key forecast business driver assumptions are developed in collaboration with business partners

Identify and monitor key performance drivers and risks with timely communications of trends and observations. This supports decision making and internal management reporting and external reporting

Develop Sales Forecast scenarios, in close partnership with MMSD, monitor and assess trends and leading indicators; be able to substantiate and evaluate sales trends

Analyze Margin, expenses, Pre-tax Operating Income (PTOI), AUM, unit costs, VNB, capital consumption and other financial business drivers, used by business partners and the CFO organization

Influence, lead and educate on financial-related elements of the strategic and tactical success of the businesses

Develop and maintain strong working relationships and collaborate with business partners and CFO co-workers to, among other outcomes, continuously improve CFO processes

Use business acumen and communication skills to draft and contribute to commentary which enables readers to quickly understand why and how performance is impacting financial results. Communicate complex information and analysis in clear, understandable terms with appropriate context, focused on actionable content

Address and drive solutions for financial-related issues and opportunities, including influencing cross-functional actions and collaboration

Qualification

Financial analysisData governanceFinancial forecastingBusiness intelligence applicationsU.S. GAAP knowledgeIntellectual curiosityCommunicationRelationship buildingLeadership skills

Required

10+ years experience in finance or actuarial

Experience using data and information to analyze and communicate (in writing, orally and visually) the implications of business unit activity, leveraging business intelligence applications (Alation, Microstrategy, SQL queries etc.)

Intellectual curiosity to continue learning and adding breadth and depth to understanding

Demonstrated ability to partner with, challenge and influence senior business leaders and peers in using financial information and tools to identify options and make decisions across a matrixed organization

Excellent communication skills, including the ability to convey complex information in readily understandable terms

Exceptional relationship building and influencing skills

Proven ability to lead across a matrixed organization

Preferred

FSA, CFA or MBA designation a plus

Knowledge of U.S. GAAP and statutory financial reporting requirements relating to annuity products a plus

Experience with financial forecasting and quarter closes

Ability to work well under pressure and manage multiple deliverables

Ability to lead and manage one or more direct reports

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)