Insurance Accountant

MassMutual • Springfield, MA

1d • Onsite

About The Position

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 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. 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.

Requirements

• 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.

Nice To Haves

• 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

Responsibilities

• 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

Benefits

• Industry leading pay and benefits
• Incentive and bonus opportunities
• 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

What This Job Offers

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