Financial Reporting Manager

Subsidiaries Reporting Team

Full-time

Springfield, MA or Boston, MA

The Opportunity

We seek a motivated, energetic, and skilled accountant to join Subsidiaries Reporting team in our Controller’s Organization. This position reports to the Head of Subsidiaries Reporting. As a Financial Reporting Manager, you will be part of an experienced accounting professionals who wants work with a diverse team of highly motivated professionals focused on delivering high-quality of work in a timely and accurate manner. This is an opportunity to an individual who thrives in a highly dynamic and agile accounting environment to collaborate across teams seeking solid execution and improving outcomes.

This will be an individual contributor role and will be responsible for overseeing our off-shore team.

The Team

The Subsidiaries Reporting team, part of MassMutual’s Corporate Finance Organization. The Subsidiaries Reporting 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.

The Impact

You will work with Head of Subsidiaries Reporting and be responsible for compiling, reviewing and delivering internal GAAP Consolidated financial statements and audited financial statements for various non-life subsidiaries including venture capital, asset management, foreign entities and holding companies. The role will also support annual separate account reporting and SEC filings. You will have great opportunities to collaborate with more broadly across the entire Controller Organizations and external customers.

• Responsible for leading the offshore teams to prepare, review and submit the subsidiaries financial reports with full footnote disclosures in a timely and accurate manner
• Perform flux analysis, complete audit tie out packages, and execute effective controls during the reporting process
• Ensure that newly adopted GAAP accounting changes and the updated accounting disclosure checklist are properly and timely reflected in the financial reports
• Closely monitor the critical elements related subsidiaries reporting, such as materiality thresholds, unbooked entries, management fees, capital transactions, hierarchy structure changes, and audit adjustments
• Play a key role in various subsidiaries audits by working closely with external auditors and audit coordinator
• Coordinate the NAIC annual statements for one reinsurer including Blue Book, Green Book and supplement reports
• Supervise the offshore team and provide direct assistance and oversight with the completion of US Government quarterly/annual surveys
• Participate in reviewing of annual MassMutual Green Books and registrant reports
• Manage priorities effectively, ensure timely communication on any key deliverables, and lead the problem-solving discussions
• Effectively collaborate with investment accounting, insurance accounting, subsidiaries controllership, investment operations, accounting policy and controls oversight, financial close & consolidations, corporate tax, expense management, capital management and other departments, as appropriate
• Continue to improve the process and audit efficiency, and support critical projects/initiatives

The Minimum Qualifications

• BS in accounting or finance
• 6+ years of experience in financial analysis and reporting

The Ideal Qualifications

• MBA or equivalent preferred
• Certified Public Accountant (CPA) qualification strongly preferred
• Significant knowledge and experience of US GAAP and statutory reporting
• Well organized and pay close attention to details
• Strong oral and written communication skills
• Demonstrate strong accountability and commitment
• Strong multi-tasking skills and ability to adapt to change
• Ability to proactively take ownership of assignments and drive them through to completion
• Work in a fast paced and agile work environment to meet or exceed deadlines
• Able to build and maintain strong working relationships across cross-functional groups
• Experience working in a Finance transformational setting, driving continuous improvements and efficiencies beyond own scope of responsibility
• Advanced knowledge of Excel and PowerPoint
• Experience with Power BI and/or Alteryx would be a plus

What to Expect as Part of MassMutual and the Team

• Focused one-on-one meetings with your manager
• Regular meetings Subsidiaries Reporting teams, across External Reporting groups and within entire CFO organization
• 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

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Salary Range:

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.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

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

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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.