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

• Bachelor’s degree
• 8+ years of progressive experience in public accounting or large sophisticated corporate environment
• 3 + years of experience providing insurance accounting, general ledger processing and month end close related matters
• 3+ years of experience of In-depth knowledge and experience of US GAAP and statutory accounting
• 3+ years of experience in best-in-class control execution and documentation including identifying internal control issues and remediation efforts
• 3+ years of experience in using accounting data and information to analyze and articulate financial results

The Ideal Qualifications

• CPA, Master or MBA or equivalent
• NAIC statutory accounting
• Strong multi-tasking skills, ability to adapt to change and manage competing priorities
• Ability to handle complex long-term focused projects and take ownership to drive them through completion
• Ability to perform independent research and serve as a key resource for resolution of unique or complex business problems
• Experience in effectively coach and develop core level accountants and external consultants
• Experience working in a Finance transformational setting; driving continuous improvements and efficiencies beyond own scope of responsibility
• Experience working with insurance accounting and ERP tools (SAP, Cadency, Power BI, Alteryx etc.)
• Excellent verbal and written communication skills with the ability to express ideas in and articulate in an organized and persuasive manner to leadership, staff, regulatory bodies, etc.
• Intellectual curiosity to continue learning and adding breadth and depth to understanding

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Insurance Controllership 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 nosiness with industry leading pay and benefits

#LI-CR37

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.