Director, Reporting – Investment Controllership Position Available In New York, New York

0 Saved Jobs Director, Reporting – Investment Controllership
New York, New York; Boston, Massachusetts; Springfield, Massachusetts
Job Category Finance & Accounting

ID R18415 OVERVIEW

JOB

DESCRIPTION

HIRING PROCESS
CULTURE
BENEFITS
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
Finance and Accounting is at MassMutual’s core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.
Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.
Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies ‘together we move forward.’
MJ Fortin
Chief Financial Officer
“At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don’t have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We’re looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you’ll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo.”
Job Description
Director – Reporting
Investment Controllership
Full-Time
New York, NY, Boston, MA or Springfield, MA
About the

Corporate Controller Organization:

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise’s actual results, forecast implications and strategic decision making. This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.
We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities. We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.
The Opportunity
As a Director – Reporting 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 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.
You will be a leader on the team that manages and executes internal & external reporting of MassMutual financials, regulatory & management reports and related analysis & reconciliation including oversight of segment and profit center reporting for all MassMutual investment products. You will thrive in a highly dynamic and agile accounting & reporting environment, where we are focused on both execution and improvement of outcomes. If you want to continue your career as a part of a diverse team of highly motivated professionals who are focused on driving process improvement, meaningful analysis and control execution for insurance accounting activities, this role is for you!
The Team
As a member of the Financial Controllership Team, the incumbent will be involved in shaping the future of the organization, supporting both the on-going growth and analysis within the Investment Controllership team and other key initiatives.
The Impact
As director & lead of Reporting department for Controllers, you will execute, lead and manage Reporting team by ensuring accurate, timely completion & insightful external & internal reporting and presentation to various senior management and stakeholders for quarterly and annual accounting close cycles by effectively planning, monitoring, and problem solving. You will be responsible for all things Reporting that include quarterly Yellow & Blue Books review for all companies as well as investment performance presentation. The overall responsibilities would include SPOC for reporting needs for the entire Controller organization, liaison with Financial Reporting team, internal & external, auditors, internal control, and other stakeholders. This would also involve oversight & execution of accounting and regulatory changes as well as benchmarking and peer analysis for reporting domain. You will also contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in investment product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:
SPOC for reporting matters related to Investment & related assets & liabilities
Leadership and collaboration with Financial Reporting team, extended Controller organization, Investment Operations, Reporting, and other stakeholders and responsible to provide timely, accurate, complete & insightful data analysis, reporting & presentation
Lead the team and design, implement and execute roles and responsibilities of the department
Coach, mentor, train and positively engage the team and stakeholders for cohesive reporting strategy for the Controller & CFO organization
Oversight our NAIC regulatory reporting including NAIC Schedules (schedule

A, B, D, E

etc) and STAT financial statement, notes to the financial and related work for all insurance companies
Oversight of US GAAP of consolidated and subsidiaries financials & notes
Review and oversight of internal Quarterly Management Report and other monthly reports
Ensure appropriate presentation and completeness of all reporting deliverables and timely execution of internal controls and liaison & coordination of PBCs & audit workpapers & queries
Oversight of

GAAP, STAT, TAX

& other accounting basis of reconciliation framework & controls
Oversight of consolidation, foreign exchange & translation, Non-Control Intertest, Other Comprehensive Income, Cash flows and relevant disclosures for financials
Lead team for timely and accurate monthly quarterly annual closes related
Monitors, market, industry and peers’ trends in financial reporting as it relates to insurance industry and cohesively transmit to the CFO group
Lead and participate in re-engineering & improvement projects for Credit & Valuation
The Minimum Qualifications
8+ years of experience in

STAT, US GAAP

& management reporting in insurance industry
Bachelor’s degree in finance or business or related field
The Ideal Qualifications
10+ years of experience in

STAT, US GAAP

& management reporting in insurance industry
CPA is preferred
Experienced with Data Analytics, big data & trends with presentation and reporting
Experienced with multi-layer consolidation, matrix organization, and best practices
Candidate must have advanced data management skills including proficiency in MS Excel, SAP, Micro Strategy and general data flow of industry from trade to reporting
Strong interpersonal and communication skills with emotional intelligence are essential
Independent, self-motivated, detail-oriented and able to multi-task, sound judgement to deal with and manage conflicting priorities
Cohesive, concise and clear communication and presentation style with ability to adapt & change
What to Expect as Part of MassMutual and the Team
Regular meetings with the stakeholders & Controllers organization lead Focused one-on-one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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.
#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.
EEO Statement
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MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range:

$137,800.00-$180,800.00