0 Saved Jobs Liquidity Modeling & Analysis Consultant

Boston, Massachusetts; Springfield, Massachusetts; New York, New York

Job Category Finance & Accounting

ID R21524 OVERVIEW

JOB

DESCRIPTION

HIRING PROCESS

CULTURE

BENEFITS

Thank you to our employees for voting us one of the top places to work in Massachusetts for seven consecutive years!

Overview

Finance and Accounting is at MassMutual's core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.

Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.

Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies 'together we move forward.'

MJ Fortin

Chief Financial Officer

"At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don't have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We're looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you'll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo."

Job Description

Liquidity Modeling & Analysis Consultant

Liquidity Management | Treasury | Finance

Full-Time

Boston, MA, Springfield, MA, or New York, NY

The Opportunity

As a Liquidity Modeling & Analysis Consultant, you will work in a fast-paced, innovative and collaborative environment focused on providing the company with detailed analytics on liquidity positioning, identifying liquidity risks, and creating playbooks to mitigate them. This individual contributor role will report directly to the Head of Liquidity Modeling & Analysis within MassMutual's Treasury organization and will have the opportunity to:

Improve our modeling capabilities from static snapshots to build a dynamic, forward looking forecasting engine capable of navigating the unique complexities of life insurance cash flows

Participate in the design of contingent liquidity planning frameworks to codify our response to liquidity stress

Collaborate across multiple teams including Investment Management, Actuarial, Enterprise Risk Management, Financial Planning & Analysis, Controllership, and more

The Team

The Liquidity Modeling & Analysis Consultant is a member of the Liquidity Management Team within the Treasury organization, which is a dynamic team of individuals with diverse backgrounds that are focused on:

• Monitoring our daily cash and liquidity positioning, forecasting our cash flow needs, and maintaining our bank relationships to raise funding
  
• Designing models to forecast our liquidity risks and developing the funding options and execution strategies required to response to stress events
  
• Achieving a balance of maximizing value for our policyholders while continuing to operate within our liquidity constraints
  
• Serving as a strategic partner to our colleagues in Investment Management, Actuarial, and Enterprise Risk Management
  The Impact
  Your role within the Liquidity Modeling & Analysis team will contribute to key insights regularly delivered to our senior management on management of key liquidity risks.

You will accomplish that through the responsibilities below:

Liquidity Modeling & Stress Testing

Improve our liquidity stress testing production process, streamlining the data collection process and improving visibility of results

Identify areas for automation in order to increase frequency of production

Participate in efforts to review existing assumptions across products and legal entities

Expand our stress testing scenario design, and enhance our modeling capabilities to allow for more dynamic scenario modeling

Participate in broad finance transformational efforts and adapt our approaches to a changing environment

Contingency Funding Planning

Conduct analysis to determine the appropriate sizing of contingency funding options and evaluate the benefit of additional contingency funding sources across legal entities

Assist with development of contingency funding playbooks to better define thresholds and procedures during liquidity stress

External Views of Liquidity

Evaluate and interpret our liquidity treatment and ratios against external views (Rating agencies, DFS, DOI, NAIC) and compile results to provide insights to senior leadership

Reconcile internal liquidity stress testing analyses to external views of liquidity measurement

Develop peer analysis to compare our liquidity positioning against our life insurance cohorts

The Minimum Qualifications

Bachelor's degree in Economics, Business, Finance, Applied Mathematics, or similar quantitative area of study

3+ Years of progressive experience in any of the following areas: Corporate Treasury, Financial Planning & Analysis (FP&A), Corporate Development / M&A, Management or Risk Consulting, Risk Management, or Quantitative Analysis

Experience with financial modeling in Microsoft Excel

The Ideal Qualifications

5+ years of progressive experience in Corporate Treasury, FP&A, or Financial Modeling

CFA/FRM or progress towards CFA or FRM

Experience from banking or insurance industries

Direct experience in liquidity stress testing concepts, including stress testing scenario design, assumption design and review, and contingency funding planning

Experience with large, complex financial datasets and translating insights into actionable recommendations for business partners

Demonstrated Technical and Data Visualization skillset (e.g., Power BI, Tableau, SQL, Alteryx)

Understanding of investments and asset-liability management

Understanding of insurance liabilities and familiarity with their associated liquidity risks

Strong multi-tasking skills and ability to adapt to change

Detail-oriented with demonstrated oral and written communication skills

Intellectual curiosity to continue learning and adding breadth and depth to understanding

What to Expect as Part of MassMutual and the Team

Regular meetings with the Liquidity Management and broader Treasury teams

Focused one-on-one meetings with your manager

Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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-TB1

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.

California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures

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MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range:

$90,500-$118,700