Capital Planning Consultant

MassMutual; Boston (MA); On-site; USD 120,000 - 170,000; Full time

Job summary

MassMutual is seeking a Capital Planning Consultant to join the Balance Sheet Management team in Boston, MA. You will contribute to strategic capital allocation decisions, enhance modeling tools and reporting capabilities for capital forecasts, and collaborate with Financial Planning & Analysis, Corporate Actuarial, ERM, Pricing and Investment Management.

The role emphasizes governance of models, documentation of assumptions, and clear communication of results while supporting long-term

Qualifications

• BS in accounting, finance, actuarial science or related field.
• 7 years of modeling experience in valuation, pricing, asset modelling, financial planning, and/or in financial risk management.

Responsibilities

• Lead bi-annual Return on Capital analysis and long-term earnings view.
• Produce quarterly statutory earnings power and regulatory capital projections.
• Document assumptions and methodology; facilitate peer review process.
• Collaborate with Corporate Finance, P&A, Pricing and ERM to align modeling.
• Support long-term transformation of capital projections to Anaplan for efficiency.

Skills

Strategic thinking

Modeling experience

Cross-functional collaboration

Communication skills

Education

BS in accounting, finance, actuarial science or related field

Job description

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

• BS in accounting, finance, actuarial science or related field
• 7 years of modeling experience in valuation, pricing, asset modelling, financial planning, and/or in financial risk management

The Ideal Qualifications

• In‑depth knowledge of Statutory accounting and Capital frameworks
• Insurance product pricing and modelling experience
• Critical thinking and problem solving
• Experience collaborating across multiple teams
• Detail-oriented with excellent oral and written communication skills
• Organised, 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

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.