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Accounting Financial Control Consultant
Accounting Financial Control ConsultantMass Mutual Life Insurance Company • Springfield, MA, US
Accounting Financial Control Consultant

Accounting Financial Control Consultant

Mass Mutual Life Insurance Company • Springfield, MA, US
1 day ago
Job type
  • Full-time
Job description

Overview

Accounting Financial Control Consultant – QC Financial & Regulatory Team. Full-Time / Hybrid, Springfield. The Opportunity : As a Financial Control Consultant, you will demonstrate and advance accounting, reporting, auditing, financial analysis and computer system skills by acting as the primary liaison to Corporate Finance or other financial partners on complex matters. This position supports establishment and maintenance of controls to ensure operational integrity and to 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 ongoing advice and support to the Manager to ensure completion of our numerous objectives.

Key Responsibilities

  • 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

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

    • 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

    • MassMutual is an equal employment opportunity employer. We welcome all persons to apply. 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

    Job Details

  • Seniority level : Mid-Senior level
  • Employment type : Full-time
  • Job function : Finance and Sales

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    Accounting Consultant • Springfield, MA, US