Director, Insurance Accounting

Director, Insurance Accounting

Insurance Controllership in Corporate Finance

Full-Time

Boston, MA or Springfield, MA

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 leaders 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 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

The Insurance 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. Overall responsibility for our team is quarterly and monthly financial close and oversight of general ledger to support management reporting, financial statements, and regulatory filings. We support our reporting segments through leading initiatives to launch new products, providing insightful analysis, and driving process improvements. 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 Impact

As a Director, you will be in our Life Insurance segment 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 partner closely with investments and actuarial partners and proactively identify financial reporting risks and opportunities within the insurance processes activities that translate 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 :

• Manage 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 on 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 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 to the company
• Demonstrates the technical and leadership competencies and passion for continuous improvement

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 Minimum Qualifications

The Ideal Qualifications

What to Expect as Part of MassMutual and the Team

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

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