The Opportunity
MassMutual Strategic Distributors (MMSD) is looking for an experienced and passionate Key Account Manager. You will be responsible for management of all aspects of assigned institutional (non-wholesaled) strategic accounts and own the overall relationship with the strategic partner responsible for achieving sales results, market share growth, driving penetration into the firm through superior service. You will keep a keen eye on operations, client/advisor experience and overall account satisfaction. You will collaborate with other teams and lead initiatives related to operations, service, marketing/promotion, compliance and legal.
The Team
We’re growing and our clients deserve the best. MMSD’s annuity strategy is focused growth of top line sales with existing partnerships. MMSD is making significant investments in technology, sales, operations, marketing, and product development. Our strategy will be driven by the MMSD Annuity Team working across the enterprise where we will prioritize a dynamic, agile, and entrepreneurial culture.
The Impact:
Responsible for the overall relationship with Institutional Strategic Partner: sales results, market share, engagement plan, service, expanding product offerings, operations, compliance and overall client satisfaction.
Coordinate and facilitate regular (minimum quarterly) in-person stewardship meetings with assigned accounts.
Understand the assigned accounts’ culture, systems, requirements and develop value add programs to increase market share.
Responsible for the development, execution and achievement of firm business plans.
Ownership of initiatives/work efforts/projects supporting assigned accounts. Accountable for budget management, coordination of project execution and managing communications.
Measure returns on investments with overall firm relationship.
Develop, align and execute all promotion, sales and support services for assigned accounts to achieve growth objectives.
A successful Key Account Manager will possess the following skills and competencies:
Accountability: Follow through on promises and commitments, take charge in the face of challenges/difficulties, address emerging problems with focus and urgency.
Communication: Employ effective communication skills (written, verbal, visual), effective conflict resolution and foster open communication.
Agility: Anticipate and resolve complex problems, learn in real time, track results and pivot to new approaches where needed, thrive on feedback and demonstrate a can-do attitude.
Resilience: Make sense of complex information to solve problems, exhibit confidence during difficult times, react to change as an opportunity
Courage: Creative problem solving, take risks with new approaches, learn from both success and failure and challenge the status quo.
Leading Others: Foster a collaborative environment, partner across function and business units, promote an open, diverse exchange of ideas.
The Minimum Qualifications
High school diploma or GED
3+ years of experience as a Key Account Manager, with a focus on life or annuity products
Series 6 & 63 at time of application
Required Travel: Up to 25%
The Ideal Qualifications
Bachelor’s Degree
5+ years of annuity key account management experience
Strong knowledge of annuity solutions and marketplace
Strong working knowledge of financial services industry, third-party distribution, operations and supporting technology
Must be a detail oriented and well-organized self-starter with high energy and creativity
Excellent organization and time-management skills. Ability to prioritize multiple tasks and projects under pressure
Strong analytical, verbal, written communication and presentation skills required
Compensation: $90K-$110K base range plus sales-based incentive opportunity resulting in a total target compensation package of $150K-$175K
What to Expect as Part of MassMutual and the Team
Regular meetings with the MMSD Team and manager )
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-RS1
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.If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.
Are you passionate about building strong relationships and driving growth in the financial services industry? If so, consider joining MassMutual Strategic Distributors (MMSD) as a Key Account Manager! In this role based in Suffolk County, MA, you’ll be at the heart of our efforts to manage and enhance our strategic institutional accounts. You’ll take ownership of the overall partnership, focusing on not just achieving sales and market share growth, but also ensuring that our clients receive the impeccable service they deserve. Collaborate with diverse teams to lead initiatives in operations, marketing, compliance, and more, all while maintaining a keen eye on account satisfaction. Your success will be measured through regular stewardship meetings with key accounts, the execution of business plans, and the ability to innovate value-add programs that resonate with your clients' needs and cultures. At MMSD, we are committed to growth through technology and agile practices, fostering an entrepreneurial culture that thrives on collaboration and creativity. If you have at least 3 years of experience as a Key Account Manager and a strong understanding of life or annuity products, we want to hear from you! Join us and contribute to a team that values integrity, diversity, and professional development. Your contributions as a Key Account Manager will be pivotal in shaping the future of our partnerships and driving our mission forward.
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