Head of Balance Sheet Management
Company: MassMutual
Location: Hartford
Posted on: November 10, 2024
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Job Description:
The Opportunity -As the Head of Balance Sheet Management, you
will work in a fast paced, innovative and collaborative environment
driving regulatory capital, financing and liquidity strategies to
maximize MassMutual's policyowners value. - This role will report
directly to the Treasurer and is a key role in MassMutual's
Treasury Organization. The Head of Balance Sheet Management will
have the opportunity to lead a team that will: - - - - - - -
Develop strategies to manage regulatory capital, debt and liquidity
positions to ensure efficient use of balance sheet resources,
working closely with other finance functions and business areas
across MassMutual - - - - - - - Manage MassMutual's subsidiary
dividends policy, including documenting decision-making framework
to ensure adequate process governance. Lead quarterly dividend
declaration and funding process - - - - - - - Manage all aspects of
regulatory capital and operating liquidity modeling, reporting and
documentation to ensure adequate governance and controls - - - - -
- - Own and refine key performance management methodologies to
measure efficiency of u se of balance sheet, including capital,
leverage and liquidity efficiency metrics - - - - - - - Work with
members of the Treasury organization, Investment Management and ERM
to identify strategies to enhance our projected regulatory capital,
leverage and operating liquidity positions - - - - - - - Drive
agenda for Capital Committee meetings, working with Treasurer and
CFO to develop analysis and recommendations in support of strategic
decision making - - - - - - - Recommend optimal financing mix and
secure the company's financing and capital raising options,
including leading all aspects of internal and external debt
administration - - - - - - - Coordinate with Internal Audit,
Enterprise Risk Management and other relevant control functions to
ensure effective controls are in place - - - - - - - Engage
industry peers with respect to regulatory capital and liquidity to
better understand best practices and industry trends - - - - - - -
Actively contribute as a senior leader across Company in the
development and delivery of strategic priorities within areas of
accountability - - - - - - - Proactively focuses on self and team
development (e.g. research of capital markets, capital frameworks,
product impacts, market developments, MassMutual businesses, value
creation metrics, etc.) - -The Team -The Head of Balance Sheet
Management is a member of Treasury organization (direct report of
the Treasurer) which is 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 - - - - - - - Being expert at various capital frameworks and
serving as an advocate for the Company in various industry or
internal groups - - - - - - - Minimizing time spent on production
and data manipulation activities by transforming our modeling,
analytic, and reporting capabilities and implementing automation
and technology where possible -The Impact: - - - - - - -
Proactively identifies balance sheet risks and opportunities and
translates that into strategic recommendations to optimize use of
capital and liquidity and increase financial flexibility, while
maximizing actual and projected returns - - - - - - - Produce
quarterly regulatory capital projections and scenarios (both short
and long-term range), including detailed analytics to support
strategic decision making - - - - - - - Drives transformation of
modeling & reporting capabilities to produce timely capital and
liquidity forecasts and scenario analysis - - - - - - - Regularly
presents the capital and liquidity position, forecast, risks and
opportunities to the Capital Committee and other internal forums.
Makes recommendations to senior management to optimize the use of
regulatory capital, operating liquidity and leverage to maximize
financial flexibility - - - - - - - Serves as expert on regulatory
capital planning and allocation and regularly provides sound
financial advice to businesses or other departments, anticipating
the financial impact from decisions relative to sales, investments,
expenses and other strategic priorities - - - - - - - Recommend
optimal financing mix and secure the company's financing and
capital raising options including commercial paper, surplus notes,
contingent capital facilities, sale leasebacks and aviation
leasing. Manage overall compliance requirements on all financial
commitments. - - - - - - - Maintain and enhance the intercompany
borrowing programs to maximize the use of excess liquidity,
providing an optimal liquidity funding mechanism, with a goal of
increasing overall portfolio yield - - - - - - - Responsible for
oversight and compliance with Operating Liquidity Policy, including
regular reporting, policy compliance testing, projections,
recommendation of mitigation strategies working with Investment
Management and Enterprise Risk Management - - - - - - - Lead
initiative to identify trapped cash within the total company,
maximize its liquidity and yield by identify and implementing
tools/agreements to easily transfer funds between legal entities -
- - - - - - Establish, enhance and maintain internal controls and
consistently improve upon a strong control environment -The Minimum
Qualifications - - - - - - - BS in accounting, finance or actuarial
science - - - - - - - 15+ years of experience in capital
management, financial analysis, risk management or accounting in
the financial services sector, preferably in life insurance - - - -
- - - Deep understating of various capital markets and investments
- - - - - - - Deep knowledge of financing strategies with proven
experience in structuring complex transactions - - - - - - - Proven
experience in management of committees or industry / regulatory
groups - - - - - - - Detail-oriented with excellent oral and
written communication skills - - - - - - - Proven experience
leading teams in periods of change - - - - - - - Strong
multi-tasking skills and ability to adapt to change - - - - - - -
Ability to proactively take ownership of projects and drive them
through to completionThe Ideal Qualifications - - - - - - -
In-depth knowledge Statutory accounting and Capital frameworks
(U.S. risk-based capital, rating agency capital frameworks,
Solvency 2, etc) - - - - - - - Prior experience in balance sheet
management - - - - - - - Investment banking experience -What to
Expect as Part of MassMutual and the Team - - - - - - - Regular
meetings with the Treasury and other Financial Planning & Analysis
teams - - - - - - - Focused one-on-one meetings with your manager -
- - - - - - Access to mentorship and development opportunities - -
- - - - - 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-IZ1MassMutual 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.
Keywords: MassMutual, Cambridge , Head of Balance Sheet Management, Executive , Hartford, Massachusetts
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