Expense Accounting Analyst 3.7 3.7 out of 5 stars Springfield, MA $92,800
- $121,800 a year
- Full-time MassMutual 1,514 reviews $92,800
- $121,800 a year
- Full-time 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 Expense Accounting Analyst Business Operations Controllership Full-Time Springfield, MA The Opportunity This new role in Expense Accounting represents equal parts cost accounting, financial modeling, and data analytics. You will be joining a new team on the ground floor deploying SAP's allocation application. While execution and maintenance of the allocation models will be core responsibilities, we will be learning and growing together. Our goal is to spearhead utilization, mastering the tool's production and simulation environments all while delivering data driven insights. If you are eager to apply data analytics in a financial modeling setting and you are enthusiastic about solving problems, this is for you. The Team The expense team is evolving into two mutual supporting sub teams
- expense accounting and expense analysis.
Together we ensure the accuracy and integrity of the ledgers for all expense accounts and connecting unallocated results to allocated results. Where we do not directly control the expenses, we partner with others to validate the amounts and understand drivers of change. As a team we are accountable for all general expenses, leases, fixed and intangible assets, inventory accounts, impairments, intercompany management fee agreements, general liabilities, financial exhibits, footnotes, and quarterly expense commentaries for both GAAP and STAT. We also partner closely with cost centers owners to provide guidance and training. While the team focuses on expenses, we are rapidly outgrowing that label.
The Impact:
This role is about mastering the mechanics of SAP's Profitability and Performance Management application (PaPM). You will become a subject matter expert on the application's full capabilities as we assume ownership of several key financial models that cross multiple functional areas. We will enable the business owners of these financial models through a center of excellence concept. Delivering allocated results to our business partners with transparency into the data and drivers will be how we add value. The Minimum Qualifications Bachelor's Degree 4 + years of experience related to data modeling, accounting, business analytics, or general business reporting 2+ years of experience working with general ledger data
- large data sets 2+ years of experience with data query/data analytics tools like SAP Business Warehouse, Analysis for Office, Power BI, Alteryx, Hyperion, or similar tools The Ideal Qualifications 6+ years of cost accounting and profitability analysis Ability to use reporting tools to summarize and present data to business customers based on customized use cases Demonstrated professional development plan•initiative-taking learning Experience with allocations, assessments, and cost flows Understanding of margin analysis and product/customer profitability Previous partnerships with FP&A, cost center accounting (CO), and internal reporting Ability to influence others using expert knowledge, effective communications and demonstrated results.
Strong oral and written communication skills Ability to multi-tasking skills and adapt to change Demonstrate accountability and commitment What to Expect as Part of MassMutual and the Team Regular meetings with the Expense Accounting 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 business with industry leading pay and benefits #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:
$92,800
- 121,800 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.
