About the Corporate Controller Organization:
The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise’s actual results, forecast implications and strategic decision making. This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.
We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities. We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.
The Opportunity
As a Director in the Controllers Organization of Corporate Finance you will join us as we continue our progress towards becoming best in class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it.
As a Director, you will be an experienced accounting professional who wants to work with a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for insurance controllership activities.
The Team
This position is a key leader on the team that manages and executes insurance accounting, controllership, and analysis activities, including oversight of financial reporting outcomes of all MassMutual insurance products.
The Insurance Accounting Operations and Controllership team is a high-profile team in the Controller’s organization comprised of talented accounting professionals who possess diverse ranges of experiences and backgrounds. 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.
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 Impact
As a Director, you will be in a controllership role responsible for engaging with a team that manages and executes insurance accounting and analysis, including oversight of financial reporting outcomes of all MassMutual insurance products. You will proactively identify financial reporting risks and opportunities within the insurance processes activities and translate that into decision-useful improvement recommendations. You will provide sound financial advice to business units or other departments, anticipating the financial statement impact of changes in the business environment and make recommendations to ensure appropriate processes are implemented and maintained. Your responsibilities will also include, but are not limited to the following:
Managing a team of professionals and lead the collaboration and oversight of the effort supported by our outsource partner. Plays a key role in creating a collaborative and inclusive culture by working closely with outsourced vendors and other areas within the Controllers Organization to build trust through increasing understanding of and respecting differences
Ensures the accurate, timely completion of monthly, quarterly, and annual accounting close cycles for complex insurance accounting by effectively planning, monitoring, and problem-solving
Designs and improves the analysis of trends and results, drafting commentary which enables readers to quickly understand the financial results and drivers
Effectively collaborates with Treasury, Investment Accounting, Reinsurance Accounting, Strategic Business Partner, Reporting, and Corporate Actuarial teams and builds key relationships to maintain expertise in insurance product accounting and related financial impacts. Ensure the accurate, timely, and efficient submission of data and analysis required to meet reporting requirements
Exhibit strong leadership presence and communications skills in presenting results to various levels of management. This will require thought leadership and entail developing sound accounting practices, efficient processes, and robust control documentation to effectively deliver timely and insightful results.
Develops, documents, and assures adherence to an internal control framework, making recommendations to continuously improve the overall control environment. Monitors the control execution of insurance accounting, including accounting performed by vendors ensuring Ensures policies and procedures are adhered to
Lead the accounting policy research and implementation for new insurance products or insurance-related transactions ensuring accuracy and compliance with accounting regulations. This includes the monitoring and governance, oversight, process change, and transaction controls, including those executed by vendors that provide accounting services to the Company
Drives accountability by collaborating with accounting policy and other areas within the Controllers Organization on the evaluation of new GAAP and statutory accounting guidance impacts on the company
Demonstrates technical and leadership competencies and passion for continuous improvement
The Minimum Qualifications
Bachelor’s degree or equivalent experience
Minimum of 8 years of progressive experience in public accounting or a large sophisticated corporate environment; 3 years of experience providing insurance accounting, general ledger processing, and month end close related matters
In-depth knowledge and experience of US GAAP and statutory accounting
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 research and serve as a key resource for resolution of unique or complex business problems
Experience in effectively coach and develop core level accountants and external consultants
The Ideal Qualifications
CPA, Master or MBA or equivalent
NAIC statutory accounting
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 with insurance accounting and ERP tools (SAP, Cadency, Power BI, Alteryx, etc.)
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 Insurance Controllership 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 nosiness with industry-leading pay and benefits