Treasury Analyst

MassMutual; Springfield (MA); Hybrid; USD 116,000 - 152,000; Full time

Job summary

MassMutual is seeking a Treasury Analyst to transform banking, cash-flow, and payment data into insights that support liquidity, risk management, and strategic decisions. You will collaborate with Finance to enhance treasury systems, automate reporting, and improve data governance across cash movement.

The role requires building dashboards, performing variance analyses, and partnering with business units to optimize banking structures and payment processes.

Qualifications

• Bachelor’s degree required.
• 6+ years of experience in cash management, treasury, finance, or related operations.
• 4+ years of experience analyzing large financial datasets.
• 3+ years of experience with a Treasury Management System, preferably Kyriba.

Responsibilities

• Serve as subject-matter expert for Treasury Management System configuration, data quality, and reporting.
• Develop cash-flow, bank-balance, and payment analytics to identify trends and opportunities.
• Create dashboards, scorecards, and KPIs translating treasury data into actionable recommendations.
• Perform forecast-to-actual, variance, scenario, and sensitivity analysis to improve liquidity visibility.
• Partner with teams to design and manage payment solutions and banking structures.

Skills

Cash management

Financial analysis

Excel proficiency

Education

Bachelor’s degree

Tools

Kyriba

Excel

Job description

Treasury Analyst

Treasury Operations | Treasury | Finance

Full-Time /Springfield, MA or Boston, MA

The Opportunity

As a Treasury Analyst, you’ll help turn banking, cash-flow, and payment data into meaningful insights that support liquidity, operational efficiency, risk management, and strategic decisions. You’ll play a key role in advancing treasury initiatives across Finance, including enhancements to the treasury management system, payment transformation, reporting automation, and data-driven process improvement.

You’ll partner with teams across the business to support daily operations and implement technology solutions that improve cash management, collections, payments, and transactional cash movement. You’ll also help support banking relationships, including contracts, annual reviews, compliance requests, risk oversight, and service performance.

The Team

The Treasury team is made up of collaborative problem solvers who use finance, data, and technology to help move MassMutual forward. The team values accountability, agility, continuous learning, and strong partnerships across the business. You’ll join a group that embraces innovation, thoughtful risk management, sustainable performance, and work-life balance.

The Impact

• Serve as a subject matter expert for the Treasury Management System, preferably Kyriba, supporting configuration, data quality, reporting, controls, and user adoption.
• Develop cash-flow, bank-balance, bank-fee, service-performance, and payment analytics to identify trends, root causes, and opportunities for improvement.
• Create dashboards, scorecards, key performance indicators, and management reporting that translate treasury data into clear business recommendations.
• Perform forecast-to-actual, variance, scenario, and sensitivity analysis to strengthen short-term liquidity visibility and decision support.
• Partner with business teams to design and manage payment solutions, banking structures, system interfaces, and end-to-end cash-flow processes.
• Open, modify, and close bank accounts and integrate them into internal processes, including the general ledger, cash positioning, bank reconciliation, entitlements, and reporting.
• Build and maintain effective relationships with banking partners, with a focus on service quality, pricing, risk, and operational performance.
• Complete bank documentation, service agreements, due diligence, and regulatory or compliance requests accurately and on time.
• Assess financial, operational, fraud, cybersecurity, third-party, and concentration risks related to banking services and supporting technology.
• Collaborate with Treasury, Investment Management, Finance, Technology, Risk, Legal, Compliance, and business partners to optimize banking structures and cash movement.
• Stay current on banking rules, payment standards, and regulatory requirements, and assess how changes may affect processes, systems, data, and controls.
• Document, test, and enhance governance, procedures, data controls, and internal controls; support issue remediation and audit readiness.
• Identify opportunities to automate manual work and improve straight-through processing, data lineage, reconciliation, exception management, and control evidence.
• Use approved AI tools responsibly to support research, summarize information, identify patterns, draft analyses, and improve productivity, while applying human review and following privacy, security, legal, records-management, model-risk, and data-governance requirements.
• Review AI-generated output for accuracy, completeness, bias, explainability, and appropriate source attribution before using it in business decisions or stakeholder communications.
• Lead or support cross-functional initiatives through project management, requirements documentation, testing, implementation, and change-management practices.

Minimum Qualifications

• Bachelor’s degree
• 6+ years of relevant experience in cash management, treasury, finance, banking, or financial operations, including experience working in a controlled environment with sensitive financial data.
• 4+ years of experience analyzing large or complex financial datasets and translating insights into actionable recommendations for business partners.
• 4+ years of experience working with Microsoft Excel, including data validation, complex formulas, pivot tables, lookups, charts, and analysis of high-volume datasets.
• 3+ years of experience working with a Treasury Management System, preferably Kyriba, including reporting, data management, or workflow support.

Ideal Qualifications

• Experience with banking relationships, bank products and services, payment methods, bank operations, and treasury technology.
• Experience opening and operationalizing bank accounts, including documentation, system integration, controls, and governance.
• MBA, master’s degree, or equivalent advanced training.
• Certified Treasury Professional designation.
• 8+ years of progressive cash management or treasury experience.
• Experience with business intelligence or data-visualization tools, such as Microsoft Power BI.
• Experience integrating data from banks, treasury systems, and SAP S/4HANA.
• Ability to use approved AI-enabled productivity tools responsibly, with sound judgment around confidential information, output validation, and human accountability.
• Experience applying analytics, automation, or AI-enabled capabilities to treasury, payments, forecasting, controls, or operational-risk use cases.
• Knowledge of responsible AI practices, including data protection, appropriate use, explainability, validation, monitoring, and escalation of concerns.

• Strong written and verbal communication skills, with the ability to explain complex analysis to operational teams, business partners, and senior leaders.
• Analytical mindset, strong problem-solving skills, financial acumen, and attention to detail.
• Ability to develop hypotheses, structure analyses, reconcile conflicting data, challenge assumptions, and communicate conclusions, limitations, and recommended actions.
• Ability to work independently, prioritize competing demands, and manage multiple projects and deadlines.
• Ability to build trusted relationships, influence without direct authority, and collaborate across functions.
• Customer-focused approach and commitment to accurate, timely, high-quality results.
• Strong risk and control mindset, including the ability to monitor key controls, investigate exceptions, document evidence, and elevate issues promptly.
• Curiosity and continuous-learning mindset, with interest in evaluating emerging technology and adopting new tools responsibly.

What You Can Expect at MassMutual

• Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
• A collaborative environment where perspectives are welcomed
• Access to learning, development, and internal networks that support continuous growth and skill-building over time
• Employee-led communities and forums that foster connection, learning, and inclusion across the organization
• A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset

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Salary Range:

$115,900-$152,100

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, you 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