Budget and Expense Analyst

$84,100 - $110,300/Yr

MassMutual - Hartford, CT

Full-time - Mid Level

Hartford, CT

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

• Manage data consolidation and interpretation for budget-related tasks including expenses and FTE tracking.
• Liaise with Strategic Finance Business Partners for forecasting and budget management.
• Analyze and prepare reports on the progress of the Brand, Product, and Affiliated Distribution budget and P&L.
• Develop analysis related to expense and FTE trends, identifying gaps in data or expenses.
• Provide recommendations for budget allocation and improvements based on a deep understanding of the budget.
• Compile monthly and quarterly budget and planning review processes, coordinating agendas and documenting changes.
• Monitor the budget using multiple tracking systems or databases.
• Prepare high-quality materials for business meetings, including presentations and reports.
• Drive continuous improvement in processes through technology optimization and automation of financial data.
• Support the development of new expense models and processes.
• Apply project management skills to meet stakeholder needs and expectations.

Requirements

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

Nice-to-haves

• 5+ years of work experience in the financial services or insurance industry
• Strong knowledge of finance processes
• Ability to communicate effectively, both in writing and interpersonally
• Comfortable with data query and analysis tools

Benefits

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