Expense Lead of Allocations and P&L Analytics

MassMutual•Boston, MA

13d•Hybrid

About The Position

Expense analytics provide insight into forward-looking segment earnings and capital financial picture, enabling strategic decision-making. The Expense Lead of Allocations and P&L Analytics will support and interact with senior business unit leaders in all phases of the expense allocation cycle, including reconciling end-to-end GAAP and STAT expenses, identifying and analyzing opportunities to improve expense efficiencies across the organization, and driving the implementation of those initiatives.

Requirements

At least 10+ years of work experience with a track record of increasing responsibility within the financial services industry
Bachelor’s degree in accounting, actuarial science, economics, finance or related discipline
Minimum of 5+ years developing quarterly and annual expense forecasts
High degree of financial acumen including but not limited to: GAAP and STAT technical accounting, predictive, driver-based forecasting techniques, expense allocations, inter-company charges, scenario modeling, expense attribution
Experience with financial system and dashboard tools, including but not limited to Anaplan, SAP PaPM, SAP S/4HANA, MicroStrategy, and Tableau

Nice To Haves

Master’s degree in business administration, accounting, finance or related discipline
Professional certifications such as CPA, MBA, FSA, CFA and/or FCIA preferred

Responsibilities

Support and interact with senior level executives on expense allocations and P&L analytics.
Conduct in-depth GAAP and STAT variance analysis at the company consolidated level, unit cost calculations, capital budgeting, and market/peer expense analysis.
Provide key inputs and analysis for setting annual expense targets, goals, and budget.
Work proactively with finance and business leaders to monitor expenses by business unit and product-level P&Ls.
Drive and have full accountability of MassMutual’s expense allocation methodology processes, refining models and identifying improvements.
Take full ownership of how the expense allocation methodology is applied in actuals, budget, and forecast.
Partner closely with stakeholders in Controllers to ensure appropriate implementation of the expense allocation methodology in Actuals.
Maintain and enhance robust end-to-end expense allocation models in Anaplan.
Enhance the STAT & GAAP P&L financial reporting structure in Anaplan, model connectivity, and relationships for new reporting requirements.
Analyze and reconcile STAT & GAAP expense results for all legal entities, profit centers, and cost centers.
Oversee and support in-depth expense analytic projects to provide the Board and ELT with critical insights.
Ensure Anaplan and SAP allocated expense data is accurately transferred to the data lake and downstream dashboards.
Partner with ETX, Data Management and Management Reporting and Analytics teams to enhance and maintain expense management reporting views.
Enhance overall governance to ensure the process is operationalized and executed consistently.
Provide stewardship to address cross-functional governance issues.
Influence the design of future company expense allocation processes and integrating strategic initiatives.
Influence the larger team to ensure Anaplan expense training and support are provided to all stakeholders.
Serve as a team leader for the larger team.
Collaborate on strategic initiatives such as expense Dashboards.
Promote and develop self-serve analysis, detailed reporting, and utilization metrics while ensuring excellent quality controls.