Director of Expense Accounting MassMutual - 3.7 Springfield, MA Job Details Full-time $115,900 - $152,100 a year 3 hours ago Benefits Commuter assistance Caregiver leave Paid holidays Health insurance Dental insurance 401(k) Tuition reimbursement Paid time off 401(k) 10% Match Bereavement leave Qualifications Management Coaching Employee relationship building Managing accounting teams Full Job Description 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.' Job Description Director of Expense Accounting Corporate Expense Team Full Time/ Springfield, MA The Opportunity The Director of Expense Accounting will support the Head of Expense Accounting and Allocation Modeling while leading key accounting operations that drive the accuracy and integrity of MassMutual's financial reporting. In this highly visible leadership role, you'll oversee the expense accounting team, ensuring a timely and accurate month-end close, a strong control environment, and compliance with U.S. GAAP and Statutory (NAIC/SSAP) requirements. You'll partner closely with Finance, FP&A, Procurement, Accounts Payable, Tax, Treasury, and Controllership teams to deliver accurate financial results, strengthen governance processes, and support strategic business initiatives. This is an exciting opportunity to influence critical accounting processes, lead a talented team, and help drive continuous improvement across the organization. The Team The Expense Accounting team is a key part of MassMutual's Controller organization, bringing together talented accounting professionals with diverse experiences and perspectives. Our team is responsible for delivering accurate, timely financial information and trusted guidance to stakeholders across the enterprise. We foster a collaborative and inclusive environment where curiosity, innovation, and continuous improvement are encouraged. By actively listening, sharing knowledge, and working together, we solve complex challenges and deliver meaningful results. As the organization continues to grow and evolve, our team is expanding to support new business initiatives, transformation efforts, and opportunities to enhance how we serve our customers and business partners. The Impact As a leader on our accounting team, you will oversee core expense accounting operations, ensuring accurate financial reporting, strong internal controls, and continuous process improvement. You will lead a blended onshore/offshore team, helping to assess risk, understand all their outputs, and lead tailored training to maintain/enhance professional standards and judgement. Month-End Close Leadership Lead the monthly expense close process, including calendars, communications, deliverables, dependencies, and deadlines. Review and approve journal entries related to accruals, prepaids, allocations, reclassifications, and corrections. Analyze expense trends and variances, to appreciate expense norms and what can trigger deviations from those norms. Oversee close checklists, account reconciliations, and subledger-to-general ledger tie-outs. Collaborate with Accounts Payable, Procurement, Payroll, Treasury, and other partners to identify and address risks impacting the close process. Accounting Controls & Governance Maintain a strong internal control environment supporting expense accounting processes. Ensure appropriate segregation of duties, access controls, and approval workflows. Partner with internal and external auditors on walkthroughs, testing, and audit requests. Lead control self-assessments and process risk reviews, implementing improvements that enhance efficiency and accuracy. Drive compliance with documentation and evidence retention requirements. Subsidiary & Legal Entity Expense Accounting Oversee expense accounting activities across subsidiaries and legal entities, including intercompany transactions and settlements. Ensure compliance with legal entity requirements, reporting structures, and accounting policies. Support cross-entity reconciliations and statutory reporting activities. Partner with subsidiary stakeholders to ensure accurate expense classification and reporting. Fixed Assets & Capitalization Oversee Fixed Asset Accounting to ensure proper capitalization treatment. Support accounting activities related to depreciation, asset retirements, impairments, and construction-in-progress transfers. Review and approve expense reclassifications associated with capital projects and internally developed software. Maintain reconciliations and supporting schedules for capital project-related accounts. Lease Accounting Oversee Lease Accounting activities and related expense recognition. Partner with lease administration and controllership teams to ensure complete and accurate lease populations. Review reconciliations of lease-related accounts, including audit adjustments and foreign exchange impacts where applicable. Review supporting documentation for disclosures and financial statement reporting. Leadership & Team Development Lead and develop a blended onshore/offshore accounting team. Establish and maintain standard operating procedures and process documentation. Coach, mentor, and develop team members while fostering a culture of accountability and continuous improvement. Drive automation and operational efficiencies utilizing tools such as Excel, Power Query, Power BI, Alteryx, SQL, and workflow automation solutions. Lead the migration of team from SAP R3 to SAP S4, while preparing for wave 2 migration of AP, FA and Lease systems Minimum Qualifications Bachelor's degree in Accounting, Finance, Economics or Business Administration or a Master's Degree in Accounting. 8+ years of progressive accounting experience in public accounting and/or a large, complex corporate environment. 2+ years of experience as a people leader, responsible for managing direct reports OR 5+ years demonstrating informal leadership by guiding, coaching, and supporting colleagues in their day-to-day work Preferred Qualifications CPA, MSA, or MBA preferred. 10+ years of progressive accounting experience, including expense accounting and month-end close leadership. Prior people leadership experience. Strong knowledge of

U.S. GAAP

; experience with Statutory (NAIC/SSAP) accounting within the insurance industry is highly desirable. Experience with lease accounting (ASC 842) and fixed asset accounting. Knowledge of

SOX/ICFR

controls, audit support, and remediation processes. Experience with ERP platforms such as

SAP S/4HANA.

Advanced Excel skills and exposure to analytics and automation tools. Strong communication and relationship-building skills, with the ability to clearly explain financial results and key business impacts. What to Expect as Part of MassMutual and the Team MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect: Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes A collaborative environment where perspectives are welcomed Access to learning, development, and internal networks that support continuous growth and skill-building over time Employee-led communities and forums that foster connection, learning, and inclusion across the organization A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset #LI-CR37 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.

California residents:

For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page. 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:

$115,900-$152,100 Award-Winning Culture MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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. We strive to build a thriving community where everyone is valued, included, and feels that they belong. At MassMutual, we Live Mutual. How We Work MassMutual's flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year. Benefits for the whole you (and your loved ones) There's more to your life than your job and there's more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you'd expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave. Explore some of our offerings below. Paid Time Off In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to care for yourself or someone you love—whether for physical illness or mental health. Health & Well-Being In addition to top-line medical and dental coverage, personalized mental health solutions, on-site and virtual health coaching, and much more, MassMutual reimburses employees up to $1,250 per year for eligible expenses supporting mental, physical, and financial well-being. Financial Well-Being In addition to competitive salaries and bonuses, educational assistance programs, and much more, MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution. Taking Care MassMutual offers generous maternity and parental leaves, as well as bereavement leave to mourn the loss of a loved one (and the employee defines 'loved one'). In addition, we offer up to 320 hours of caregiver leave to help employees support loved ones in times of need. Giving Back MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donation dollars to eligible nonprofit organizations up to $5,000 annually. Commuter Benefits MassMutual offers a Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars, as well as a commuter wallet option for employees based at Boston and NYC campuses.