MassMutual
We help people secure their future and protect the ones they love.
Boston, MA
Hybrid

Head of Financial Close, External Reporting and Control Oversight

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The Head of Financial Close, External Reporting and Control Oversight is a newly created role that will be responsible for the leadership and transformation of the month end close and consolidation activities through to external financial and regulatory filings as well as oversight for control activities over all financial reporting for MassMutual. The person in this position will lead a team and report directly to the Corporate Controller.

 

KEY RELATIONSHIPS:

 

Reports to: Corporate Controller

Other Relationships: Senior leadership within CFO, Controllers Organization and the business

RESPONSIBILITIES:

 

  • Lead and manage a team to ensure the accurate, timely completion of monthly, quarterly and annual book close cycles for a complex accounting function by effective planning, monitoring, and problem solving, in collaboration and coordination with offshore sourcing partners; including timely communication of results to executive leadership
  • Lead a team responsible for preparation of all external subsidiary financial statements
  • Lead a team responsible for all external regulatory financial filings
  • Responsible for the continuous improvement of controllership’s close and reporting activities
  • Responsible for the preparation of financial statements, footnotes, management’s discussion and analysis and all other components of applicable filings
  • Oversees the production of all financial reports issued by a complex accounting function, ensuring accuracy and compliance with accounting regulations
  • Proactively identifies financial reporting risks and opportunities within the underlying business unit activities and translates that into decision-useful improvement recommendations
  • Acts as the primary liaison for coordination with external auditors on financial disclosure and control matters as well as coordination of areas of audit oversight
  • Collaborate closely with other CFO teams, namely Financial Planning & Analysis and Strategic Finance Business Partners on monthly management and Board of Directors reporting
  • Establish and enhance governance and internal control procedures and maintain and consistently improve upon a strong control environment
  • Collaborate with accounting policy and other areas within the Controllers Organization on the evaluation of new GAAP and statutory reporting impacts to the company; assisting in the implementation of new business financial reporting processes
  • Collaborate with Financial Reporting Risk within Enterprise Risk on control matters
  • Uses increasing insight to identify and implement improvements that increase the business value and efficiency of the work performed. Initiates and/or leads increasingly complex projects and continuous improvement activities that may span beyond the scope of own team's responsibilities

    CANDIDATE QUALIFICATIONS:

 

  • BS in accounting or finance; MBA preferred
  • Certified Public Accountant
  • 10-15 years of relevant experience from public accounting and/or public multinational companies
  • Excellent knowledge and understanding of US GAAP and statutory accounting and financial reporting regulations

Other Knowledge, Skills and Abilities:

  • Ability to work with senior management and influence decision making
  • Strong multi-tasking skills and ability to adapt to change
  • Ability to proactively take ownership of projects and drive them through to completion 
  • In-depth knowledge of US GAAP; Statutory and SEC Rules and Regulations
  • Ability to perform and lead a team to perform independent research and prepare analyses of the impact of accounting and regulatory pronouncements on the company’s financial statements and accounting and disclosure practices
  • Experience in best-in-class control execution/documentation
  • Experience working in a Finance transformational setting; driving change and managing competing priorities
  • Detail-oriented with demonstrated oral and written communication skills
  • Ability to work with all levels of personnel, from staff to executive management
  • Authorized to work in the United States without sponsorship now or in the future

#LI-DNI

 

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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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