Expense Accounting Analyst

MassMutual • Springfield, MA

1d • Onsite

About The Position

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 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.

Requirements

• 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

Nice To Haves

• 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

Responsibilities

• Execute and maintain SAP’s allocation models
• Spearhead utilization, mastering the tool’s production and simulation environments
• Deliver data driven insights
• Master the mechanics of SAP’s Profitability and Performance Management application (PaPM)
• Become a subject matter expert on the application’s full capabilities as ownership of several key financial models is assumed
• Enable the business owners of financial models through a center of excellence concept
• Deliver allocated results to business partners with transparency into the data and drivers
• Ensure the accuracy and integrity of the ledgers for all expense accounts and connecting unallocated results to allocated results
• Partner with others to validate amounts and understand drivers of change where expenses are not directly controlled
• Be 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
• Partner closely with cost centers owners to provide guidance and training

Benefits

• Industry leading pay and benefits
• Competitive salaries
• Incentive and bonus opportunities for all employees
• Bonus target or Variable Incentive Compensation component
• 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
• Total Rewards at a Glance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees