MassMutual Financial Group Strategic Business Analyst in Springfield, Massachusetts

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

Description

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Department

The Retiree Middle Market strategy provides access to needed Life Insurance coverage to under-served and under-insured Mass Market consumers. This position is a unique opportunity that brings the culture of a startup to the stability and backing of a large company.

*Please Note: this position can be staffed on-site in either BOSTON or Springfield, MA.

Job Summary

The MassMutual RMM organization is seeking a Business Analyst within the Project Implementation team. The Business Analyst’s primary objective is to enable technology solutions and business objectives in an efficient and successful way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners. Developing technical solutions begins with defining, analyzing and documenting requirements. The Business Analyst will play a lead role in assisting with business cases, eliciting and organizing requirements, documenting and analyzing requirements, and driving the design and review of test cases. Successful candidates will combine an attention to detail with the ability to see the big picture and will play a key role in the successful implementation of key capabilities.

Role Characteristics

COMPETENCIES:

Business Acumen : Demonstrates knowledge of the interdependencies of key business processes, functions and risks. Identifies and uses the key financial indicators necessary to measure business performance. Knows the competitors; is aware of how strategies and tactics work in the marketplace. Identifies and anticipates customer requirements, expectations and needs.

Critical Thinking: Critically and logically evaluates the costs, risks and benefits of alternatives before coming to a solution. Probes and looks past symptoms to determine the underlying causes of problems and issues. Approaches problems holistically; defines connections, linkages, interdependencies and develops solutions. Takes ownership of problems and stays on top of them until resolved.

Execution/Drives : Encourages others to set challenging goals and high standards of performance. Fosters a sense of energy, ownership and commitment to work.

Engage and Inspire : Create an environment in which performance excellence is rewarded.

Change Leadership: Advocates for needed change across the organization that adds to our success. Ensures the implementation of change with appropriate communications, goals, resources, metrics and reviews. Takes ownership and personal responsibility for implementing change despite opposition or barriers.

Communications : Ability to engage in and mode courageous and constructive dialogue; confidence to offer a new and potentially challenging idea to foster conversation and critical thinking; ability to successfully deliver difficult and/or complex messages and help others understand multiple points of view.

Job Responsibilities & Requirements

Responsibilities:

  • Work with SMEs and other stakeholders to perform business process analysis and understand objectives, constraints and alternatives to deliver desired objectives.

  • Consult with business management, compliance, subject matter experts and other personnel to identify, define and document business needs and objectives.

  • Acts as a liaison between business, information technology, and project management in the analysis, design, configuration, testing and maintenance of solutions to ensure optimal operational results.

  • Analyze the feasibility of, and develop requirements for, new capabilities and enhancements to existing systems; ensures designs fit the business objectives.

  • Document and recommend requirements and specifications, based on an in-depth understanding of business objectives, technical environment, project timeline and scope.

  • Track and fully document changes in functional and business specifications; write detailed and easily understood procedures and requirements/specifications.

  • Conducts impact analysis to assess the potential implications of changes to project scope and requirements.

  • Lead the design of the user acceptance testing approach as well as the test execution and defect management process to ensure readiness prior to launch.

  • Participates in user acceptance testing and testing of new system functionality.

  • Plan, organize and conducts business process reengineering/improvement projects. Recommended solutions should be developed in consultation with impacted internal and external stakeholders.

  • Business Analyst will report to AVP Business Expansion Implementation, and will work closely with:

  • Distribution

  • Marketing

  • Product

  • Analytics

  • Policy Administration

  • Internal and Third Party Technology

Preferred Qualifications:

  • 7+ years of experience in the financial services/insurance industry preferred , including 5+ years in Business Analysis Roles

  • Financial services knowledge required, insurance experience preferred

  • Bachelor 's degree required, Masters preferred

  • Qualified applicants must be authorized to work in the US without requiring Visa sponsorship now or in the future

  • Experience demonstrating advanced Business Analysis skills including: efficient and thorough documentation of business requirements and functional specifications based on a solid understanding of business objectives and technical environment

  • Strong organizational, time management and verbal/written communication skills

  • Proficient with standard documentation tools (Visio, Excel, Word, JIRA)

Ranked No. 93 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2018) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

CORE VALUES

Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.

Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.

Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.

Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.

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.

At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.

• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)

• National Association for Female Executives Top Company for Executive Women (2018)

• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2018)

• Working Mother Media 100 Best Company (2017)

• Military Friendly Employer (2018)