Insurance Accountant

0 Saved Jobs Insurance Accountant Boston, Massachusetts; Springfield, Massachusetts Job Category Finance & Accounting

ID R20547 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 seven 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 Insurance Accountant Insurance Controllership Team Full Time Springfield, MA or Boston, MA The Opportunity This Insurance Accountant role resides within the Insurance Controllership team, a critical team within the Accounting Policy and Insurance Controllership Organization which aspires to be best in class financial stewards for MassMutual. This is an opportunity for an individual who thrives in a highly dynamic and agile accounting environment to collaborate across teams focused on solid execution and improving outcomes. We are seeking an accounting professional who wants to join a highly motivated team of professionals focused on monthly and quarterly close activities, proactively driving the development and execution of process improvements, meaningful analysis and improved coordination with the business partners for Insurance activities. The Team The Insurance Controllership team is a high-profile team in the Accounting Policy and Insurance Controllership Organization comprised of talented accounting professionals who possess diverse ranges of experiences and backgrounds. Overall responsibility for our team is month end close and oversight of general ledger to support financial statements and regulatory filings. 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 team supports company growth and the growing number of projects and initiatives of the team. The Impact As an Insurance Accountant, you will have impact through your contribution to oversight of the insurance accounting execution and controls for monthly and quarter-end closes. 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 insurance product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following: Contributes to the accurate, timely completion of monthly, quarterly and annual accounting close cycles for complex insurance accounting by effectively planning, monitoring, and problem solving Analyze trends and results, use strong business acumen and communication skills collaborating with peers and the other departments to draft and contribute to commentary which enables readers to quickly understand the financial results and key drivers Effectively collaborates with Treasury, Investment Accounting, Reinsurance Accounting, Strategic Finance Business Partner, Reporting and Corporate Actuarial teams and builds key relationships to become an expert in insurance product accounting and related financial impacts Supports the Financial Reporting team in providing complete and accurate accounting information such as financial statements, footnote schedules, regulatory reports and other management reports Efficiently captures, executes and documents controls for insurance accounting activities and makes recommendations to continuously improve the overall control environment Contributes to the accounting policy research and implementation for new insurance products or insurance related transactions ensuring accuracy and compliance with accounting regulations Assist in research and implementing new statutory and GAAP insurance accounting guidance Identify opportunities for continuous improvements, develop solutions, and implement enhancements using new technologies that increase efficiency and add value Play 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 Respond to auditor requests for source document information, including control execution documentation and support The Minimum Qualifications Bachelor's degree 6 + years' experience in public accounting or in a large corporate environment performing insurance accounting, general ledger processing and month end close related matters. The Ideal Qualifications CPA or progress toward CPA preferred Knowledge and experience of U.S. GAAP and statutory accounting Experience in using accounting data and information to analyze and articulate the financial results Experience in identifying internal control issues and remediation efforts Experience working with insurance accounting and ERP tools (SAP, Cadency, Alteryx etc.) Able to build and maintain strong working relationships across cross-functional groups 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, 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. 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 (opens in new window) 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