Head of Balance Sheet Management

7 days ago

Farmington, United States MassMutual Full time

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 MassMutuals policyowners value. This role will report directly to the Treasurer and is a key role in MassMutuals 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 MassMutuals 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 companys 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 companys 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 completion The 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-IZ1 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.

  • Sales Account Manager, Brazing Sheet

    3 weeks ago

    Farmington Hills, Michigan, United States Arconic Full time

    Arconic Rolled Products is seeking a highly skilled Sales Account Manager, Brazing Sheet to join our Commercial group in Farmington Hills, Michigan.We take pride in our work and innovative products that advance sustainable solutions for a better world.Our team strives to create a safe, inclusive, and collaborative workplace with competitive benefits,...

  • Sheet Metal Fabrication Supervisor

    4 weeks ago

    Farmington, Connecticut, United States TRUMPF Group Full time

    Job SummaryWe are seeking a skilled Sheet Metal Fabrication Supervisor to oversee the production of our fabrication department. As a key member of our team, you will be responsible for supervising shopfloor personnel and ensuring the efficient operation of our fabrication processes.Key ResponsibilitiesSupervise and manage shopfloor personnel to ensure...

  • Sales Account Manager, Brazing Sheet Specialist

    3 weeks ago

    Farmington Hills, Michigan, United States Arconic Full time

    Arconic Rolled Products is seeking a Sales Account Manager, Brazing Sheet to join our Commercial team based out of Farmington Hills, Michigan.This position will interact internally with application engineers, inside sales representatives, operations, and marketing teams to drive sales growth and customer satisfaction.The ideal candidate will have a strong...

  • Budget and Financial Manager Position

    2 weeks ago

    Farmington, New Mexico, United States City of Farmington Full time

    Job OverviewThis role will oversee the budgeting process, ensuring the City of Farmington's financial health and stability. The ideal candidate will have strong analytical skills and the ability to communicate complex financial information to various stakeholders.Budget Planning and Management: Develop and implement the city's annual budget, working closely...

  • Accounting Manager

    4 weeks ago

    Farmington, Missouri, United States First State Community Bank Full time

    Accounting ManagerJoin our team at First State Insurance Agency as an Accounting Manager, where you will play a key role in building relationships through exceptional service and communication skills. As a passionate advocate for creating a top-notch employee experience, you will oversee the operations of the accounting department, manage accounting staff,...

  • Accounting Manager

    4 weeks ago

    Farmington, Michigan, United States PACS Inc Full time

    Accounting Manager Job DescriptionPACS Inc is a premier provider of post-acute healthcare services, including skilled nursing, assisted living, post-acute medical and rehabilitation, home health, and hospice. As an Accounting Manager at PACS, you'll enjoy an amazing culture, industry-leading benefits, and unlimited opportunities to learn and grow as part of...

  • Head of School

    4 weeks ago

    Farmington, New Mexico, United States PARADISO COLLEGE PREPARATORY LLC Full time

    Job DescriptionPosition: Head of SchoolLocation: Paradiso Public School District – Arecibo and Rio Piedras, Puerto RicoEmployment Type: Full-TimeReports to: Board of DirectorsOverview:Paradiso Public School District, comprising two schools in Arecibo and Rio Piedras, seeks a dynamic and experienced Head of School to lead our district. The ideal candidate...

  • Accounting Director

    3 weeks ago

    Farmington, Michigan, United States Otis College of Art and Design Full time

    Job Summary:We are seeking a highly skilled Accounting Director to join our Finance team at Otis. As a key member of our organization, you will be responsible for managing the accounting aspects of our business, ensuring compliance with regulatory requirements, and providing financial guidance to our leadership team.Key Responsibilities:Manage the accounting...

  • Powder Coating Operations Manager

    4 weeks ago

    Farmington, Connecticut, United States TRUMPF Full time

    Job Title: Head of Powder CoatWe are seeking a highly skilled and experienced professional to lead our Powder Coat team. As Head of Powder Coat, you will be responsible for the coordination and execution of day-to-day activities to support the Sheetmetal Manager in accordance with TRUMPF's policies and principles.Key Responsibilities:Supervise and manage a...

  • Accounting Specialist

    3 weeks ago

    Farmington, New Mexico, United States AppleOne Full time

    Job SummaryWe are seeking a highly skilled Accounting Specialist to join our team at AppleOne. The successful candidate will be responsible for managing the company's financial transactions, preparing financial reports, and ensuring compliance with accounting standards.Key ResponsibilitiesManage the company's financial transactions, including accounts...

  • Financial Controller

    3 weeks ago

    Farmington, Michigan, United States Real Estate Development Full time

    Job OverviewWe are seeking a highly skilled Financial Controller to oversee our company's financial operations. As a key member of our team, you will be responsible for managing accounts receivable and payable, preparing financial statements, and ensuring accurate budget control.Key Responsibilities:Manage and reconcile accounts receivable and payablePrepare...

  • Department Head

    3 weeks ago

    Farmington, Michigan, United States Home Depot Full time

    Department Supervisor RoleAs a Department Supervisor at Home Depot, you will be responsible for training, coaching, and developing associates to ensure exceptional customer service. You will also provide valuable input to the Store Management Team and Operations Team on merchandising decisions. Additionally, you will demonstrate strong product knowledge and...

  • Facilities Manager

    4 weeks ago

    Farmington, Utah, United States Davis School District Full time

    Job SummaryThe Davis School District is seeking a highly skilled and experienced Facilities Manager to join our team. As a key member of our facilities team, you will be responsible for supervising assigned personnel, overseeing the evening and weekend use of our buildings, and assisting with the cleaning and maintenance of our school buildings and...

  • Administrative Support Specialist

    3 weeks ago

    Farmington, New Mexico, United States City of Farmington Full time

    Job DescriptionJob Title: Administrative AssistantJob Summary: We are seeking a highly organized and detail-oriented Administrative Assistant to join our team at the City of Farmington Police Department. The successful candidate will provide administrative support to the police command staff, assist in the administration of standard operating policies and...

  • Corporate Accountant

    4 weeks ago

    Farmington Hills, Michigan, United States RHP Properties Full time

    Job DescriptionWe are seeking a highly skilled Staff Accountant to join our team at RHP Properties. As a Staff Accountant, you will be responsible for preparing monthly financial statements, bank reconciliations, balance sheet reconciliations, journal entries, and special projects.Key Responsibilities:Prepare financial statements on an accrual basis for...

  • Director of Materials Management

    3 weeks ago

    Farmington, United States San Juan Regional Medical Center Full time

    Love what you do; Love where you live Directs an organization's overall supply chain operations for a facility or multiple facilities, including purchasing, inventory and distribution of supplies and equipment, value analysis, vendor relationship management, and other supporting functions. Charged to continually develop hospital-identified savings prospects...

  • Finance Operations Manager

    3 weeks ago

    Farmington Hills, Michigan, United States APL Logistics Full time

    Job DescriptionAPL Logistics is seeking a highly skilled Finance Operations Manager to support the company's finance operations for a Line of Business for Americas and EMEA regions with large-scale/complex operations. The successful candidate will be responsible for managing the budgeting, accounting, reporting, and timely billing to customers at the country...

  • Financial Analyst

    4 weeks ago

    Farmington Hills, Michigan, United States Bahoura Barringer PLC Full time

    Job DescriptionAt Bahoura Barringer PLC, we are seeking a highly skilled Financial Analyst to join our team. The successful candidate will be responsible for analyzing and maintaining the monthly general ledger activity relating to the assigned portfolio. Key responsibilities include:Preparing and updating schedules supporting G/L balancesPreparing and...

  • Financial Analyst

    4 weeks ago

    Farmington Hills, Michigan, United States Bahoura Barringer PLC Full time

    Job Title: Staff AccountantAt Bahoura Barringer PLC, we are seeking a highly skilled Staff Accountant to join our team. The successful candidate will be responsible for analyzing and maintaining the monthly general ledger activity relating to the assigned portfolio, preparing and updating schedules supporting G/L balances, and reconciling bank accounts.Key...

  • Financial Analyst

    4 weeks ago

    Farmington Hills, Michigan, United States Bahoura Barringer PLC Full time

    Job SummaryWe are seeking a highly skilled Financial Analyst to join our team at Bahoura Barringer PLC. The successful candidate will be responsible for analyzing and maintaining the monthly general ledger activity relating to the assigned portfolio, preparing and updating schedules supporting G/L balances, and reconciling bank accounts.Key...