Head of Strategy, Planning & Delivery
Company: MassMutual
Location: Lynn
Posted on: October 16, 2024
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Job Description:
Strategic Planning & Delivery (SP&D) was established in 2019
as a Transformation office to accelerate progress towards
MassMutual's aspirations. These aspirations are rooted in the
purpose we've long held and, in the vision, that we all share: To
provide financial well-being for all Americans.
SP&D's current mission is to govern the budget, approval and
benefit realization of strategic projects, aligned with
MassMutual's key strategic priorities. SP&D's framework is
designed to drive alignment and govern resolution of funding and
resource constraints to facilitate effective execution. We remove
barriers to allow for collaborative execution and generate value by
fostering a culture of transparency, accountability, and ruthless
prioritization to deliver on strategic projects.
The Head of SP&D is responsible for the end-to-end management
and continued evolution of this critical function.
The Team
SP&D is one part of MassMutual's Program Governance & Delivery
(PG&D) organization. The other part is the Corporate Functions
Program Management Office (CFPMO) responsible for overseeing the
execution of projects across our 5 Corporate Functions and defining
and owning project management standards across the company. Given
the interdependencies between how we prioritize, execute and
resource our projects, the partnership between SP&D and the
CFPMO allows us to view and manage project execution holistically,
bringing greater consistency and alignment across the company's
program governance and delivery.
The Head of SP&D and the Head of the CFPMO report to the Chief
Risk Officer, who also leads a separate Enterprise Risk Management
organization and is a member of the Executive Leadership Team. The
SP&D team itself consists of workstream leads, operations and
finance professionals.
The Impact
A successful Head of SP&D must be able to inclusively motivate
employees to action at all levels in the organization; think
strategically across the business; advise, engage with and
influence senior business leaders and line employees; drive change
across the organization; identify opportunities to add value to the
business; demonstrate strong financial acumen and analytical
skills; and successfully drive others to fully execute projects to
completion and regularly report on progress and performance at all
levels of the organization.
Key Responsibilities
Strategy - Own, oversee and evolve the SP&D framework for
MassMutual. Ensure clarity of roles and responsibilities. Share the
progress of this transformation effort with the broader
organization.
Alignment - Ensure the portfolio of projects are aligned with the
corporate strategy and furthering the financial and market goals of
the organization.
Value Creation - Work across a matrixed organization to bridge
ideas, resolve conflicts and pursue opportunities to increase
profitability for the business. Aid in the assessment of the
strategic value of projects and link them to business outcomes and
company's aspirations. Ensure projects achieve their long-term
value expectations and partner with project sponsors to implement
corrective action when needed post-implementation.
Resource contention - Ensure processes are in place and are
effective in identifying and managing resource contentions (budget
and headcount/SMEs) within and between projects.
Risk Management - Identify risk of execution and proactively work
with stakeholders to mitigate risk and avoid value slippage.
Governance - Evolve and ensure adoption of SP&D practices to
maintain best-in-class governance controls and financial and data
integrity of the overall SP&D effort.
Operations - Manage review of projects through stage gates. Provide
analytics and reporting on financial health, project performance
and key risks to value and execution to Steering Committee and
executive leaders. Ensure benefits driven by the SP&D projects
are realized in the company's general ledger.
Coaching - Provide senior leaders and workstream leads with
coaching, insights and challenge on the tactics and pathways they
need to adopt to meet their ambitious targets. Apply business and
value focus, with a bias for action.
Collaboration - Collaborate with team and stakeholders to ensure
overall SP&D goals are met. Partner with corporate finance,
business finance and pricing and actuarial functions to help
develop efficient and effective financial management practices.
Leading Others - Lead both direct and indirect reports, focused on
talent development, building a diverse and inclusive team and
environment, and role modeling an agile mindset through change and
ambiguity. Inspire others and drive culture of continuous
improvement.
Minimum Qualifications:
Bachelor's Degree
10+ years' experience in financial management, strategic planning
or portfolio management within a matrixed organization
Experience with holistic planning and prioritization cycles within
a complex portfolio of high impact, cross-functional projects
Strong financial and analytical acumen; experience in benefit
realization and tracking; understand drivers of profitability
within businesses
Proven ability to guide decision-making, including where
compromises may be necessary; tested ability to provide direct
feedback Strong written and verbal communication (presentation)
skills; can synthesize and explain complex topics and analyses to
stakeholders and coach in a simplified manner
Ideal Qualifications:
Advanced degree or designation preferred: MBA, MSF, CPA or FSA or
equivalent preferred
Familiarity with project management methodologies and financial
governance and control processes
#LI-MC1
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.
Keywords: MassMutual, Peabody , Head of Strategy, Planning & Delivery, Other , Lynn, Massachusetts
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