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Key Account Manager

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.
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Average salary estimate

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What You Should Know About Key Account Manager, MassMutual

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.

Frequently Asked Questions (FAQs) for Key Account Manager Role at MassMutual
What are the main responsibilities of a Key Account Manager at MassMutual?

As a Key Account Manager at MassMutual, you will be responsible for managing all aspects of strategic accounts, focusing on sales results, client satisfaction, and market share growth. You’ll conduct stewardship meetings, develop tailored programs to enhance account engagement, and collaborate with multiple teams to ensure smooth operations and compliance.

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What qualifications are needed to become a Key Account Manager at MassMutual?

To qualify for the Key Account Manager position at MassMutual, you’ll need at least a high school diploma or GED, along with 3+ years of experience in key account management, particularly in life or annuity products. Additionally, possessing Series 6 and 63 licenses at the time of application is required, while a Bachelor’s degree and 5+ years of experience would be ideal.

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What does the working culture look like for a Key Account Manager at MassMutual?

At MassMutual, the culture for a Key Account Manager is dynamic and collaborative, encouraging open communication and innovation. The company invests significantly in professional development and focuses on fostering diversity and inclusion within teams, creating opportunities for mentorship and networking.

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What kind of support can a Key Account Manager expect at MassMutual?

Key Account Managers at MassMutual benefit from regular one-on-one meetings with their managers, access to mentorship opportunities, and learning resources on various platforms. The company also provides networking events through business resource groups focused on diverse communities.

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How does MassMutual measure success for a Key Account Manager?

Success for a Key Account Manager at MassMutual is measured through various metrics, including sales results, market share growth, client satisfaction levels, and the effectiveness of initiatives and programs developed for assigned accounts. Regular meetings and performance assessments ensure alignment with the company's goals.

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Common Interview Questions for Key Account Manager
How do you prioritize projects as a Key Account Manager?

In prioritizing projects, I evaluate each account's needs based on urgency and importance, ensuring client satisfaction remains my first priority. I utilize organizational tools and set clear timelines, which allows me to keep track of multiple projects and allocate resources effectively.

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Can you describe your experience with strategic account management?

During my time as a Key Account Manager, I’ve developed and maintained strategic relationships, focusing on tailored solutions that drive growth for my clients. I’ve successfully executed business plans and facilitated stakeholder meetings to ensure alignment with both client and company goals.

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How do you handle client conflicts?

When facing client conflicts, I maintain a calm and professional demeanor. I listen actively to understand their concerns fully before collaborating to find a mutually beneficial solution. Open communication and transparency are key in resolving issues and preserving relationships.

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What strategies do you employ to grow market share in your accounts?

I start by understanding the unique culture and needs of each account, then develop customized value-add programs. Leveraging data analytics, I identify opportunities for cross-selling and upselling, which helps expand our product offerings and grow market share.

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How do you ensure compliance and operational excellence in your role?

I stay updated with industry regulations and ensure my team adheres to them by conducting regular training sessions. I collaborate with compliance and operations teams to review processes, implementing improvements where necessary to maintain high standards.

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Why do you want to work for MassMutual as a Key Account Manager?

I am drawn to MassMutual’s commitment to integrity and innovation within the financial services sector. The focus on growth, coupled with a supportive culture that values diversity and professional development, aligns perfectly with my personal and career aspirations.

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What is your experience in collaborating with cross-functional teams?

I have substantial experience working with cross-functional teams, including marketing, operations, and compliance. Collaborating with these groups allows me to deliver comprehensive solutions to clients, driving seamless service delivery and exceptional account satisfaction.

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Describe a time you successfully managed a difficult account.

In a previous role, I managed an account facing severe service issues. I quickly diagnosed the root cause and facilitated internal discussions, leading to a dedicated support team for this client, ultimately resolving their concerns and restoring their confidence in our service.

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How do you measure the success of the initiatives you implement?

I measure initiative success by setting clear, quantifiable goals linked to account objectives. By utilizing KPIs and obtaining feedback from clients, I assess whether we have met our targets and identify areas for further improvement.

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What tools do you find most useful for managing your accounts?

I rely on CRM systems to manage client data and interactions, along with performance analytics tools to monitor account growth. These technologies enhance my ability to tailor strategies and maintain timely communication with clients.

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April 6, 2025

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