Budget and Expense Analyst

MassMutual - Hartford, WI

Full-time - Mid Level

Hartford, WI

Insurance Carriers and Related Activities

About the position

The Budget and Expense Analyst role at MassMutual involves managing a complex budget, including expense management, forecasting, and reconciliation for the Brand, Product, and Affiliated Distribution organization. The position requires reporting to executive and senior leadership, summarizing and interpreting data effectively. The role emphasizes accountability, agility, inclusivity, and strong business acumen, along with excellent communication skills and intellectual curiosity.

Responsibilities

• Responsible for data consolidation and interpretation of Brand, Product and Affiliated Distribution cost centers for all budget-related tasks including expenses and FTE tracking.
• Serve as liaison to Strategic Finance Business Partners department regarding forecasting and budget management for the full Brand, Product and Affiliated Distribution.
• Understand the current business strategy to provide analysis and prepare reports on the progress of the Brand, Product and Affiliated Distribution budget and P&L.
• Work closely across the organization to develop and produce analysis related to expense and FTE trends; proactively identify any gaps in data or expenses.
• Develop a deep, micro-level understanding of the budget to provide recommendations for leadership on budget allocation and improvements.
• Compile monthly and quarterly budget and planning review processes including coordinating agendas, documenting changes, and archiving current plans.
• Use multiple tracking systems or databases to monitor the budget.
• Prepare timely high-quality, clear and succinct materials for regular business meetings, including senior or executive-level presentations, reports, and communications from a budget, expense, and FTE perspective.
• Drive continuous improvement in process through increased leverage of technology to optimize and automate financial data including visualization dashboards.
• Provide support for developing new expense models and processes.
• Application of basic project management skills, tools, and techniques to project deliverables, processes, communications, and presentations in order to meet or exceed stakeholder needs and expectations.

Requirements

• Bachelor's degree
• 5+ years of work experience involving budgets, forecasting, and accruals, including familiarity with visualization tools such as MicroStrategy, Tableau, etc.
• 3+ years of strong Microsoft Suite expertise, with special emphasis on Excel.

Nice-to-haves

• 5+ years of work experience in the financial services or insurance industry
• Strong Microsoft Suite expertise, with special emphasis on Excel
• Ability to communicate effectively, both in writing and interpersonally
• Comfortable with data query and analysis tools and retrieval of data from core databases
• Highly organized with exceptional attention to detail
• Strong knowledge of finance processes.

Benefits

• Access to mentorship opportunities
• Networking opportunities including access to various Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Strong and stable ethical business with industry-leading pay and benefits.