Financial Control Consultant

MassMutual•Springfield, MA

8d•Onsite

About The Position

As a Financial Control Consultant, you will have the opportunity to demonstrate and advance your accounting, reporting, auditing, financial analysis and computer system skills by acting as the primary liaison to Corporate Finance or other financial partners on more complex matters. This position will support establishment and maintenance of controls to ensure operational integrity and meet requirements set forth by internal and external audit partners. The Financial Controls Consultant needs a thorough understanding of our insurance products and administrative platforms and the associated accounting practices. A successful candidate must be able to work accurately and with limited supervision and must be able to professionally represent the department to other business units, internal and external auditors, and management. This individual must also be a leader on the team to drive process improvement and provide on-going advice and support to the Manager to ensure completion of our numerous objectives.

Requirements

B.S. degree in Accounting, Finance or Business
3+ years accounting or financial reporting and analysis experience
3+ years General Ledger knowledge (chart of accounts) and ability to independently analyze
3+ years of transactional processing on insurance products and the associated accounting
3+ years supporting cross-functional projects and strategic initiatives to strengthen financial controls, ensure compliance, and drive business outcomes

Nice To Haves

Strong technical skills, including MS Access, Microsoft Excel and SAP (general ledger entries)
Promote a culture of collaboration and teamwork
Drives continuous improvement and efficiencies beyond own scope of responsibility
Excellent communication skills to successfully interact with employees at all levels and senior management

Responsibilities

Balancing and reconciliation activities for transactions processed by the Operations areas
Cash controls and reconciliations for cash receipts, disbursements and settle-ups between products, companies and lines of business
Balancing of general account and separate account cash-flows and reconciliation of unit variances and fund out of balances
Booking SAP/TCC General Ledger entries as necessary
Generating suspense listings for Operations; Partner with Operations on root cause analysis, resolution, and correction of suspense out of balances
Monthly and quarterly close processes for insurance accounting; including data quality checks, preparation of journal entries, compliance with regulatory requirements, as well as detailed value-added financial analysis for communication to management.
Provide oversight and guidance to offshore resources.
Support strategic/department initiatives by providing accounting and control expertise.