Massmutual Financial Group Springfield , MA 01105
Posted 2 weeks ago
Expense Consultant
FP&A, Expense Allocations and Analytics
Full-Time, Hybrid (Boston, MA or Springfield, MA)
The Opportunity
The Expense Consultant
This is an opportunity for an individual to support all things related to expense analytics, including reviewing business / product segment attribution, expense benchmarking analysis compared to industry peers, and financial statement analysis. We are seeking a financial professional who has experience in financial analytics, expense allocation, Finance technology architecture, flow of data into and out of various financial systems, and business intelligence dashboard tools (to be able to enhance existing dashboard views and/or to build new dashboard views). They should excel at working collaboratively with cross-functional stakeholders to ensure that the expense story is told in a meaningful way while identify actionable insights that senior leaders can take to improve business segment and product profitability.
The Team
This newly created team is responsible for owning MassMutual's company-wide expense allocation methodology and for establishing transparency into allocated expense results. This team is part of the FP&A Expense team, and there will be cross-functional communication and support with stakeholders from FP&A and across Finance. The team will look to leverage Finance tools to automate business-as-usual processes and work towards an autonomous Finance operating model.
The Impact
Reporting into the Lead of Expense Allocations and P&L Analytics, the Expense Consultant
Support the creation of expense P&L analytics, including identifying and summarizing critical expense trends / indicators based on the latest plan / quarterly forecast allocated expense results and YTD actual allocated expense results
Support the expense attribution for business / product segment reporting, including identifying and proposing initial reasons for 'why' there are expense variances and supporting the creation of the 'financial story' to different audiences
Analyze and reconcile STAT & GAAP expense results for MassMutual's companies and products.
Support cross-functional strategic initiatives related to expense efficiencies, including expense efficiency analyses to analyze how MassMutual's business / product segment expenses compare vs. industry peers
Support expense drill-down analytics into unit cost calculation and unit cost trends
Aggregate expense analytic findings into executive-friendly presentation materials (e.g., products with YoY expense increases that are not offset by YoY revenue increases)
Partner with Product Team, Strategic Finance Business Partners, Controllers, and FP&A Expense Team to enhance existing and/or create new allocated expense analytical views to answer critical business questions being asked by business leaders and Finance leaders, with a focus on developing self-service analytics to key business partners
Analyze recurring questions from Product, SFBP, Controllers, and FP&A related to expenses, and partner with Data Management and FVMD to create new allocated expense analytical views (in a strategic data structure to answer today's questions, as well as future questions not yet asked)
Participate in future state improvement discussions with Data Management and Financial Visualization and Model Development to enhance existing dashboard views and/or create new dashboard views that provide end-to-end transparency into allocated expenses
Provide tailored expense knowledge shares and/or trainings to key Finance and Business stakeholders to ensure the Company's self-service model is embraced, particularly for allocated expense dashboards
Be a 'team player' and come to work everyday with a positive attitude
The Minimum Qualifications
The Ideal Qualifications
3+ years of finance experience from the financial services industry
Professional certifications preferred (such as CPA, MBA, FSA, CFA and-or FCIA)
Professional experience working with financial systems, particularly Anaplan, SAP (GL), MicroStrategy, and Apptio
High degree of financial acumen including but not limited to:
GAAP and STAT technical accounting
Driver-based forecasting techniques and best practices
Expense allocations
Financial scenario modeling
Expense attribution
What to Expect as Part of MassMutual and the Team
Regular meetings with the FP&A Expense Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
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-RP1
Salary Range:
$86,200.00-$113,100.00
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 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.
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.
Massmutual Financial Group