Accounting Financial Control Consultant

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

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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.
Salary Range: $84,100.00-$110,300.00