Mutual Opportunities
Accounting Specialist - Reconciliations and Certifications Oversight
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
Finance and Accounting is at MassMutual’s core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.
Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.
Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies ‘together we move forward.’
“Our finance team brings an incredible suite of skills to the table and they are applying that expertise to company-wide analysis and strategy. Right now, we have a lot of opportunities where people can make a difference. We’re looking for people who can help write our next chapter.“
Job Description
Accounting Specialist - Reconciliations and Certifications Oversight
Close and Consolidation Team
Full-Time
Boston, MA or Springfield, MA
The Opportunity
As an Accounting Specialist for Reconciliations and Certifications Oversight, you will wholly manage the process of execution of accounts reconciliations, certifications and collection of management letters of representation process, closely collaborating with internal and external customers to execute on financial reporting controls.
The Team
The Close and Consolidation team is a high-profile team in the Controller’s organization comprised of talented accounting professionals who possess diverse ranges of experiences and backgrounds. Overall responsibility for our team is month end and quarterly close consolidation process and oversight of general ledger. Our team has a high business acumen and is driven to provide timely and accurate financial information to our customers. We pride ourselves on working with agility and being a reliable source of information in the organization. We strive to continuously improve and achieve results by actively listening, seeking, understanding and creating solutions as a unified team. The team continues to grow due to the growing number of projects and initiatives that we are part of.
The Impact
- Demonstrate business acumen to ensure the controls are executed timely, accurately and the issues are raised to leadership attention when necessary. Communicate effectively with various stakeholders, including senior management and external auditors
- Manage account reconciliation and certification process, focusing on the following activities:
- Perform monthly quality assurance testing of a sample of reconciliation to assess compliance to the control, and produce report summarizing results, assessment, and action items for any deficiencies or improvements noted
- At the outset, partner with Close and Consolidation leader to re-design quality assurance testing program for a more effective program, and build a QA testing monthly report. The role is expected to continuously improve the program as necessary
- Track action items, remediation or improvements, ensuring timely and effective implementation as agreed
- Manage monthly and quarterly processes including reconciliation and documentation of uncertified balances, aging, management reporting and signoff for the period
- Work with offshore team members and business stakeholders to assign ownership of unassigned and “not-my-account” account strings
- Review (expanded) audit of reconciliation and certifications
- Review and audit of static account balances – work with business to document static balances and remediation as needed
- Approval of new accounts and chart of accounts rationalization
- Coordination with business stakeholders, reporting teams and financial systems teams of mapping to chart of accounts
- Ownership of suspense accounts reconciliations and balance and activity clearing
- Coordinate efforts between offshore teams, subsidiaries controllership, investment controllership, investment operations on monthly suspense balances reconciliations and clearing
- Assume a supporting function with respect to the late journal entries approval and processing and capturing of the unbooked adjustments summary process
- Provide support to Head of Close and Consolidation on approval of late entries.
- Provide support to Head of Close and Consolidation on documentation and reporting of unbooked
- Own account reconciliation and certification tool (Cadency) controls
- Oversee the execution of certification controls process on an agreed upon regular basis
- Own approval of additions and deactivations of users within the tool
- Provide support to the Head of Close with Cadency task support, as needed/ appropriate
- Work in a fast paced and agile work environment to meet or exceed deadlines
- Maximize the value and optimize reports created by the team
- Prepare insightful analysis to convey the underlying story to the key constituents timely, in a clear and concise manner
- Research and interpret changes in accounting policies, competitive landscape, and emerging trends
- Drive continuous improvement and efficiencies within the reporting processes beyond the scope of responsibilities listed
The Minimum Qualifications
- Bachelor's degree in Accounting, Finance, or related field
- 6+ years of experience working with audited statements, including disclosures OR 3+ years working experience with audited statutory and GAAP reporting in life insurance companies.
The Ideal Qualifications
- Master's degree in Accounting, Finance, or related field
- CPA or advanced degree in accounting
- Knowledge of advanced insurance and investment statutory accounting principles
- Strong demonstrated financial analysis and reporting background
- Experience with general ledger reporting cubes and warehouses; and the ability to gather data elements from various sources
- Knowledge of business intelligence tools, applications, and/or queries to create and configure new reports, dashboards & decision-making analytics
- Skilled in validating and test data & reports to ensure accuracy and quality
- Other competencies required include customer focus, change & innovation, strategic thinking, relationship building & influencing
- Expert knowledge of Excel and PowerPoint
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Management, Close and Consolidation team
- 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-CR37
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.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $86,200.00-$113,100.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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