MassMutual
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Hybrid

Financial Reporting & Analysis Specialist (Hybrid)

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Financial Reporting & Analysis Specialist Management, Statutory Audited and Regulatory Reporting TeamFull-TimeSpringfield, MA or Boston, MA (Hybrid)

*We are hiring for either our Boston, MA or Springfield, MA office locations in a Hybrid setting where you will be onsite 2-3 days per week.

    The Opportunity

    We seek an energetic, motivated, and skilled Financial Reporting & Analysis Associate to join our team. As a Financial Reporting & Analysis Specialist, you will be part of an interdisciplinary reporting and analysis team in our Controller's department that can execute on accounting principles' disclosure requirements while leveraging key reporting systems to optimize, compile, analyze audited statements and management reports, while coordinating with internal customers as well as external auditors.

    The Team

    The Management, Statutory Audited and Regulatory Reporting team is part of MassMutual's Corporate Finance Organization. The team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. Team members are energized to deliver timely and accurate financial reporting data to internal and external customers while successfully executing on financial reporting controls. Our team is a collaborative team that supports cross-functional strategic initiatives across the enterprise, optimization and oversees our business partners' results. We appreciate a diverse team and leveraging diverse thought to optimize processes and build strong relationships.

    The Impact

    As a Financial Reporting & Analysis Specialist, you will manage the delivery of statutory audited financial statements, supporting management through discussion/analysis and collaborate with internal and external customers to execute on financial reporting controls. To accomplish this, you will:

    • Demonstrate business acumen to interpret statutory reporting requirements to timely and accurately produce audited statement reports for key constituents including Senior Management, External Auditors, Regulatory bodies, and the Board of Directors
    • Monitor executing and documenting key controls, including, but not limited to statement tie-outs, financial statement line items and disclosure fluctuations, quality assurance validations and review, proper sing-offs on inputs from dependent sources
    • Supervise offshore team members to timely and accurately prepare, review and submit financial reports for management review
    • Work in a fast paced and agile work environment to meet or exceed deadlines
    • Maximize the value and optimize reports created by the team
    • Prepare insightful analysis to convey the underlying story to the key constituents timely, in a clear and concise manner
    • Research and interpret changes in accounting policies, competitive landscape, and emerging trends
    • Lead and participate complex cross-functional projects, such as regulatory reporting required for new products
    • Drive continuous improvement and efficiencies within the reporting processes beyond the scope of responsibilities listed
    • Monitor executing and documenting key controls, including, but not limited to statement tie-outs, financial statement line items and disclosure fluctuations, quality assurance validations and review, proper sing-offs on inputs from dependent sources
    • Supervise offshore team members to timely and accurately prepare, review and submit financial reports for management review
    • Work in a fast paced and agile work environment to meet or exceed deadlines
    • Maximize the value and optimize reports created by the team
    • Prepare insightful analysis to convey the underlying story to the key constituents timely, in a clear and concise manner
    • Research and interpret changes in accounting policies, competitive landscape, and emerging trends
    • Lead and participate complex cross-functional projects, such as regulatory reporting required for new products
    • Drive continuous improvement and efficiencies within the reporting processes beyond the scope of responsibilities listed

    The Minimum Qualifications

    • Bachelor's degree in Accounting, Finance, or related field
    • 6+ years of experience working with audited statements, including disclosures OR 3+ years working experience with audited statutory and GAAP reporting in life insurance companies
    • Strong demonstrated financial analysis and reporting background
    • Experience with general ledger reporting cubes and warehouses; and the ability to gather data elements from various sources
    • Knowledge of tools, applications, and/or queries to create and configure new reports, dashboards & decision-making analytics
    • Skilled in validating and test data & reports to ensure accuracy and quality

    The Ideal Qualifications

    • Master's degree in Accounting, Finance, or related field
    • Knowledge of advanced insurance and investment statutory accounting (STAT) principles
    • Expert knowledge of Excel and PowerPoint
    • CPA or advanced degree in accounting

    What to Expect as Part of MassMutual and the Team

    • Regular meetings with the Management & Financial Statement Reporting Team
    • Build and maintain relationship with the Business
    • 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

    #LI-CR37

    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.

    Offers of employment are contingent on the completion of satisfactory references, background investigation, and (if applicable) any federal securities law requirements/FINRA regulations (including fingerprinting) and/or passing of a drug screening.

    At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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    What are MassMutual Perks + Benefits

    MassMutual Benefits Overview

    At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
    array of benefits, and participate in programs and services that support healthy lifestyles, assist them
    in building financial security for themselves and their families and help them live well-balanced lives.

    Culture
    Volunteer in local community
    Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
    Partners with nonprofits
    Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
    Open door policy
    OKR operational model
    Team based strategic planning
    Open office floor plan
    Employee resource groups
    Employee-led culture committees
    Hybrid work model
    In-person all-hands meetings
    Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
    Employee awards
    Flexible work schedule
    Flexible work arrangements, including telecommuting, are available in many departments across the company.
    Remote work program
    In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
    Diversity
    Documented equal pay policy
    Dedicated diversity and inclusion staff
    Highly diverse management team
    More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
    Mandated unconscious bias training
    Diversity manifesto
    Diversity employee resource groups
    Hiring practices that promote diversity
    Diversity recruitment program
    Health Insurance & Wellness Benefits
    Flexible Spending Account (FSA)
    A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
    Disability insurance
    For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Dental insurance
    Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
    Vision insurance
    Health insurance
    To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Life insurance
    For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
    Pet insurance
    Wellness programs
    Team workouts
    Mental health benefits
    Transgender health care benefits
    Wellness days
    Abortion travel benefits
    Our general medical travel benefit covers abortion-related travel.
    Financial & Retirement
    401(K)
    In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
    401(K) matching
    Performance bonus
    Charitable contribution matching
    Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
    Pay transparency
    Child Care & Parental Leave Benefits
    Childcare benefits
    Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
    Generous parental leave
    Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
    Family medical leave
    Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
    Adoption Assistance
    Company sponsored family events
    MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
    Fertility benefits
    Vacation & Time Off Benefits
    Generous PTO
    Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
    Paid volunteer time
    Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
    Paid holidays
    Paid sick days
    Occasional illness: up to 5 days per calendar year.
    Flexible time off
    Floating holidays
    Bereavement leave benefits
    Hardship benefits
    320 hours of caregiver leave to take of loved ones when it matters most.
    Office Perks
    Commuter benefits
    Free daily meals
    Free snacks and drinks
    Some meals provided
    Onsite office parking
    Recreational clubs
    Relocation assistance
    Fitness stipend
    Home-office stipend for remote employees
    MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
    Meditation space
    Mother's room
    Onsite gym
    Professional Development Benefits
    Job training & conferences
    Tuition reimbursement
    Lunch and learns
    Promote from within
    Mentorship program
    Continuing education stipend
    Continuing education available during work hours
    Online course subscriptions available
    Customized development tracks
    Paid industry certifications
    Personal development training
    Virtual coaching services

    Additional Perks + Benefits

    To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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