Key Operating Entities Portfolio Management Lead

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The Opportunity

Summary Establishing portfolio frameworks to evaluate investment and capital allocation decisions related to KOEs. Develop key metrics to drive portfolio construction and exit strategies. Partner with KOE management team and Corporate Development team to source and execute large scale M&A opportunities at entity level. Lastly, this position can mentor and/or direct less experienced managers or employees.

The Opportunity

As the Key Operating Entities Portfolio Management lead, you will work in a fast paced and collaborative environment to maximize KOE portfolio value and makes strategic recommendations to various internal stakeholders including MassMutual's Executive Leadership Team. This role will report directly to the Head of Strategic and Financial Management of Key Operating Entities and is a key role in MassMutual's Key Operating Entities Organization. You'll have frequent interactions with senior stakeholders including senior leaders within CFO and MassMutual.

The Key Operating Entities Portfolio Management lead will have the opportunity to lead a team that will:

• Establishing portfolio frameworks to evaluate capital allocation decisions related to KOEs
• Source new investment opportunities to expand KOE portfolio and/or replace underperforming entities
• Partner with each KOE's senior management team to source and execute large scale M&A opportunities, brainstorm outreach strategy/ tactic to approach targets by leveraging MassMutual's existing relationship.
• Given a significant portion of our return on these entities depends on a successful exit strategy, KOE Portfolio Management Lead is responsible to determine the exit path and negotiate the best outcome for MassMutual.
• Collaborate with various internal team to develop a hurdle rate for holding these investments; this rate could change as market conditions evolve, and you will regularly evaluate and make recommendations of strategic decisions based on this metric
• Publish Bi-annual KOE portfolio review including:

• Medium term strategic options related to KOEs
• Portfolio return projection and hurdle rate update
• Framework to source new investments
• Exit Strategy and timing / capital recycle

• Attend industry conferences to extend professional network, collect market intelligence and represent MassMutual
• Actively contribute as a leader across Company in the development and delivery of strategic priorities within areas of accountability
• Proactively focus on self and team development (e.g. research of market developments and trends, various capital frameworks (Solvency II, Bermuda etc.), product impacts, MassMutual related businesses, value creation metrics, etc.)

The Team

The Key Operating Entities Portfolio Management Lead is a member of the KOE organization (direct report of Head of Key Operating Entities) which is a dynamic team of individuals with diverse backgrounds that are focused on:

• Maximize KOE values, both individually or collectively as a portfolio
• Establishing a rigorous framework to monitor and drive performance on existing KOEs
• Strengthen existing enterprise-wide business relationships and push for additional synergistic partnerships
• Source new investment opportunities to expand KOE portfolio and/or replace underperforming entities
• Maximize value for MassMutual as a shareholder and ensure alignments of key interest

The Impact:

• Support leadership and other key customers by performing rigorous analysis and effectively communicating key takeaways and recommendations
• Define an investment thesis based on the MassMutual's competitive situation, strengths, opportunities, and risks
• Determine the value creation potential of the portfolio from both market perspective, value perspective, and ownership perspective
• Defining portfolio roles for each individual investment and translate portfolio roles into capital allocation and management decisions
• Produce and publish bi-annual KOE portfolio reports, including detailed analytics to support strategic decision making
• Regularly present results to MassMutual's Board, CFO, QMR and other internal forums
• Engage and influence senior stakeholders to steer a strategic agenda
• Develop strong, collaborative working relationships with business partners across teams and levels

The Minimum Qualifications

• BS in accounting, finance or actuarial science
• 5+ years of experience in investment management, private equity, or investment banking
• Strong analytical skills, judgement, attention to detail, and creativity to effectively solve problems
• Ability to navigate ambiguity, take initiative, and prioritize in a fast-paced, dynamic environment; balance the needs of multiple stakeholder groups
• Proactive and resourceful self-starter who takes initiative and ownership
• Ability to learn new topics and skills with a combination of intellectual curiosity, desire for professional growth, and receptiveness to feedback
• Detail-oriented with excellent verbal and written communication skills
• 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

• Knowledge Statutory accounting and Capital frameworks (U.S. risk-based capital, rating agency capital frameworks, Solvency 2, etc)
• Investment banking or private equity experience

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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.