Mutual Opportunities
Consolidation Accounting Manager
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.’
Job Description
Consolidation Accounting Manager
Financial Close and Consolidation
Full-Time
Boston, MA or Springfield, MA
This is an individual contributor role
The Opportunity
As a Consolidation Accounting Manager, you will work with the Director of Financial Close and Consolidation and be a key person owning the oversight of the consolidation accounting of the non-insurance subsidiaries, including accurate debt balances, capital activity and intercompany eliminations. This position will work very closely with the Financial Close and External Reporting leaders and Subsidiary Controllership in various projects including adding new subsidiaries, management actions and intercompany activity into the process. This is an opportunity for an experienced accounting professional who thrives in a highly dynamic and agile environment to collaborate across teams seeking solid execution and improving outcomes.
The Team
We are seeking a highly motivated Accounting Consultant to be part of Financial Close & External Reporting Team.This position will play a key role in the build out and continuous improvement of the Financial Close & External Reporting’s consolidation and close processes, reports and analysis.
The Impact
- Responsible for accurate consolidation accounting of the Company’s non-insurance subsidiaries, including accurate debt balances, capital activity and intercompany eliminations
- Coordinates with teams across the organization including Investments, Subsidiary Controllership, Tax to ensure close deliverables are completed timely and accurate
- Supporting integration of new subsidiaries and management actions into consolidation and close process
- Works with internal and third-party subsidiary accounting teams to review and manage posting of trial balances to SAP ledger
- Owns Transfer Pricing (actuals)process; coordinates with relevant FP&A team members and business stakeholders to ensure appropriate methodology is followed and oversees execution
- Monitor the control deficiencies related to Consolidation close, including timely and effective remediation
- Continuous improvement and ad hoc projects
- Ownership of annual investment segment surplus true-up process including allocation percentage process
- Subsidiary valuation process ownership
- Provide management and oversight of offshore resources
The Minimum Qualifications
- Bachelor’s degree in accounting, finance or related field
- 6 + years of equivalent experience in a public accounting or large sophisticated corporate environment.
The Ideal Qualifications
- CPA
- Solid analytical and technical capability - ability to assimilate/summarize a large amount of information from multiple sources and present in a value-added form for senior management.
- Proficiency with Microsoft Office, Business Intelligence tools (e.g. Power BI, Tableau) and Alteryx is desired but not required
- Willingness to continuously learn new technologies and discover new ways to perform business processes more effectively and efficiently.
- Experience in best-in-class control execution/documentation
- Experience in using accounting data and information to analyze and articulate financial results.
- Ability to perform independent accounting research and serve as a key resource for resolution of unique or complex business problems.
- Ability to lead the collaboration efforts between Close and Consolidation team and other internal or external stakeholders to achieve results and improve satisfaction.
- Solid problem-solving skills and ability to work independently, using sound and independent judgment.
- Results-oriented, can work under tight timelines and manage competing priorities.
- Excellent customer focus and commitment to quality
- Strong multi-tasking skills, ability to adapt to change and manage competing priorities.
- Ability to handle complex long-term focused projects and take ownership to drive them through completion.
- Experience working in a Finance transformational setting; driving continuous improvements and efficiencies beyond own scope of responsibility.
- Experience working in a Lean Six Sigma environment with strong root cause problem solving experience.
- Intellectual curiosity to continue learning and adding breadth and depth to understanding.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Corporate Finance 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: $113,100.00-$148,400.00
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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