Head of Broker Dealer Finance

2 weeks ago

Boston, United States MassMutual Full time

/ / Head of Broker Dealer Finance

**THE OPPPORTUNITY**

At MassMutual, were passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers. The Broker-Dealer Finance team provides accounting and finance support and oversight to MassMutuals home office registered broker-dealers and corporate investment advisors, including MassMutuals growing retail broker-dealer, MML Investors Services, LLC (MMLIS), which had customer assets of over $250 billion as of 12/31/2021.

To help us achieve our mission, we are hiring a Head of Broker-Dealer Finance to join our team in MassMutuals Corporate Finance division, reporting to the Corporate Controller.

**WHAT GREAT LOOKS LIKE IN THIS ROLE**

Our ideal Head of Broker-Dealer Finance candidate is an experienced finance and accounting professional with prior experience with an insurance affiliated or independent broker-dealer, who can see and communicate the big picture while being involved in the appropriate details. You will use your skills to lead a talented team and to provide direction and influence financial strategy for MMLIS. You are also someone who will build effective working relationships with operational, product and corporate partners, as well as with external auditors and regulators.

**OBJECTIVES OF THIS ROLE**

* Serve as CFO, FINOP and financial steward of certain of MassMutuals retail and wholesale broker-dealers and investment adviser subsidiaries

* Drive compliance with SEC and FINRA financial regulations and manage regulatory relationships and examinations

* Provide informative and actionable reporting

* Effectively manage the capital of these regulated entities

* Manage a team of 3 direct reports and 12 indirect reports

**DAILY AND MONTHLY RESPONSIBILITIES**

* Accurately and timely close the monthly books and provide timely and actionable management reporting

* Meet all required regulatory filings and submissions

* Oversee and manage the annual audits by external auditors

* Effectively manage expenses and capital

* Negotiate or influence vendor contracts

* Develop annual budgets and quarterly forecasts

* Evaluate product profitability and partner with management to maximize profitability

* Quarterly audit committee and semi-annual subsidiary board of directors presentations

* Develop teams financial talent and bench-strength

**SKILLS AND QUALIFICATIONS**

* Series 27 Securities License (Financial and Operations Principal) required

* Well-versed in GAAP accounting and broker-dealer accounting and finance

* 10 plus years of related work experience

* Prior experience leading an accounting/finance team

* Ability to manage complex financial, reporting and regulatory matters or processes

* Ability to develop, establish, and operate financial policies and procedures

* Ability to manage others well, to treat them with respect, and to balance corporate priorities with individual abilities

**PREFERRED QUALIFICATIONS**

* CPA/public accounting experience preferred

* Prior experience with an insurance-affiliated or independent broker-dealer preferred

**WORKING AT MASSMUTUAL**

A career at MassMutual means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

#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.*

**Transcript**I joined Mass Mutual because I was really impressed with some of the conversations I had with some of the leaders in some of the projects that were being worked on at the time. They seemed very forward-thinking, very innovative, and then also, you know, there was definitely an appetite to experiment, to make investments in, in ways and learn along the way. So we could enhance and deliver a better experience to our customers. I think what makes me stay is I feel like that curiosity is sort of pervasive in is continued. So these emerging platforms and concepts that are going to be covered in this module, you know, they're, they are going to have an evolution and continue to make a bigger and bigger impact on the way that we do business. That's a journey that I'm really interested in. There's some learning and some obstacles that we need to come together as a team to get past. But that's what makes me excited to come to work. And I'm very confident that we're going to learn along the way and really have some breakthroughs in the way that we, we deliver our business and service our customers.

At MassMutual, we value both the flexibility that a remote work environment offers and the value that comes from connecting and collaborating in person with our colleagues. While most MassMutual employees have been working remotely due to the pandemic, we have begun encouraging our fully vaccinated employees to come to the office on a schedule that works for them.

Our future work environment will be one where the majority of our associates adopt a hybrid schedule working some days in the office and some days remotely, balancing flexibility with in-person collaboration. One where each manager works with their teams to determine a schedule that meets the needs of customers, the team and the business. While the majority of our employees will follow this hybrid model, some of our roles will continue to be 100% on-site and others may be 100% remote, subject to business needs.

Recognized as a 2021 Worlds Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: 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. Its more than our company structure its 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.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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