Mutual Opportunities
Accounting Financial Control Consultant
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.’
“At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don’t have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We’re looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you’ll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo.”
Job Description
Accounting Financial Control Consultant,
QC Financial & Regulatory Team,
Full-Time/Hybrid, Springfield
The Opportunity
As a Financial Control Consultant, you will have the opportunity to demonstrate and advance your accounting, reporting, auditing, financial analysis and computer system skills by acting as the primary liaison to Corporate Finance or other financial partners on more complex matters. This position will support establishment and maintenance of controls to ensure operational integrity and meet requirements set forth by internal and external audit partners.
The Team
MMUS Insurance Operations Financial Controls supports the maintenance and integrity of MM’s financial statements by performing various control activities of operational financial transactions. The team also provides support for audits and special projects.
The Impact
You will need a thorough understanding of our insurance products and administrative platforms and the associated accounting practices. A successful candidate must be able to work accurately and with limited supervision and must be able to professionally represent the department to other business units, internal and external auditors, and management. This individual must also be a leader on the team to drive process improvement and provide on-going advice and support to the Manager to ensure completion of our numerous objectives.
Key Responsibilities Include:
Balancing and reconciliation activities for transactions processed by the Operations areas
Cash controls and reconciliations for cash receipts, disbursements and settle-ups between products, companies and lines of business
Balancing of general account and separate account cash-flows and reconciliation of unit variances and fund out of balances
Booking SAP/TCC General Ledger entries as necessary
Generating suspense listings for Operations; Partner with Operations on root cause analysis, resolution, and correction of suspense out of balances
Monthly and quarterly close processes for insurance accounting; including data quality checks, preparation of journal entries, compliance with regulatory requirements, as well as detailed value-added financial analysis for communication to management.
Provide oversight and guidance to offshore resources.
Support strategic/department initiatives by providing accounting and control expertise.
The Minimum Qualifications
B.S. degree in Accounting, Finance, Business or related field
3+ years accounting or financial reporting and analysis experience
2+ years of experience including Microsoft Excel or MS Access, and/or SAP (general ledger entries)
2+ years of General Ledger knowledge (chart of accounts), with the ability to independently analyze
The Ideal Qualifications
5+ years accounting or financial reporting and analysis experience
2+ years experience in financial services/insurance industry
Working knowledge of annuities
Knowledge of transactional processing on insurance products and the associated accounting
Drives continuous improvement and efficiencies beyond own scope of responsibility
What to Expect as Part of MassMutual and the Team
Regular meetings with the Financial Controls team
Focused one-on-one meetings with your manager
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.
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: $84,100.00-$110,300.00
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 build 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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