CAPITAL PLANNING CONSULTANT

Full-Time

Boston, MA

The Opportunity

As a Capital Planning Consultant, you will work in a fast paced, innovative and collaborative environment, working within a team that drives regulatory capital, financing and liquidity strategies to maximize MassMutual's policyowner value. This role will report directly to the Capital Planning Lead within MassMutual's Treasury Organization.

The Capital Planning Consultant will have the opportunity to:

Contribute to analysis that will be used for strategic capital allocation decisions within Capital Committee meetings and other strategic discussions
Enhance modeling tools and reporting capabilities for capital forecasts and return on capital metrics
Collaborate across multiple teams including Financial Planning & Analysis, Corporate Actuarial, Enterprise Risk Management, Pricing and Investment Management to ensure consistency of assumptions and modeling methodologies
Proactively focus on self-development (e.g. research of capital markets, capital frameworks, product impacts, market developments, MassMutual businesses, value creation metrics, etc.)

The Team

The Capital Planning Consultant is a member of the Balance Sheet Management team within the Treasury organization. This role will work with a dynamic team of individuals with diverse backgrounds that are focused on understanding actual and projected trends of regulatory capital, operating liquidity, financial flexibility and earnings levels so that they may develop strategies to improve financial performance to support maximizing value.

The Impact

Your work will contribute toward the evaluation of strategic decisions made to optimize allocation of capital. You will accomplish that through the responsibilities listed below:

Strategic Capital Modeling:

Lead bi-annual Return on Capital analysis, including generating long term view of STAT earnings based on life cycle earnings expectations

Assist in producing quarterly statutory earnings power and regulatory capital projections and scenarios (both short and long-term range), including detailed analytics to support strategic decision making

Validation of Assumptions and Modeling Methodology:

Ensure that our models are maintained, well-documented and compliant with enterprise model governance policies
Ensure clear documentation of assumptions and methodology; facilitate peer review process
Gain a deep understanding of the unit economics of each product, both before and after reinsurance, to ensure appropriately modeled

Ensure key forecast driver assumptions and modeling methodologies are developed in collaboration with other Corporate Finance and Enterprise projections (e.g. Valuation, Financial Planning & Analysis, Pricing teams)

Review and Communication of Results:

Leverage advanced analytics (in-force analysis, experience studies, external market data), scenario analysis and strong attribution analysis to explain forecast results
Review P&L assumption elements for assessing overall reasonableness of forecasts and ROC results

Use business acumen and communication skills to draft and contribute to commentary which enables readers to quickly understand key results, implications and drivers

Support Long-Term Transformation of Capital Projections

Support long-term goal to transition capital projections to Anaplan rather than Excel for greater efficiency
Collaborate with Enterprise Risk Management to support future alignment of modelling and testing methodologies and assumptions between base and risk appetite scenarios

The Minimum Qualifications

Bachelors Degree
7+ years of modeling experience in valuation, pricing, asset modeling, financial planning, and/or in financial risk management

The Ideal Qualifications

In-depth knowledge of Statutory accounting and Capital frameworks
Insurance product pricing and modeling experience
Critical thinking and problem solving
Experience collaborating across multiple teams
Detail-oriented with excellent oral and written communication skills
Organized, planful and continuous improvement mindset
Intellectual curiosity to continue learning and adding breadth and depth to understanding
Ability to seek guidance and learn new skills from peers

What to Expect as Part of MassMutual and the Team

Regular meetings with the Balance Sheet Management and broader Treasury teams
Focused one-on-one meetings with your manager
Access to a collaborative network within the team with connected objectives
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-MM1

Salary Range:
$113,100-$148,400

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. 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. At MassMutual, we Live Mutual.

MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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Capital Planning Consultant