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Accounting Associate - Insurance (Hybrid)

Company: MassMutual
Location: Boston
Posted on: August 7, 2022

Job Description:

*We are hiring for either our Boston, MA or Springfield, MA office locations in a Hybrid setting where you will be onsite approx. 2 days per week. The OpportunityAs an Accounting Associate in the Controllers Organization of Corporate Finance you will join us as we continue our progress towards becoming the best-in-class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it. You will thrive in a highly dynamic and agile accounting environment to collaborate across teams seeking solid execution and improvement of outcomes. You will be a key contributor on the team that manages and executes insurance accounting and analysis, including oversight of financial reporting outcomes of all MassMutual insurance products. As an Accounting Association, you will continue to learn and develop as part of a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for insurance accounting activities. We look forward to returning to the office in a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office at either our Boston, MA or Springfield, MA locations.The TeamThe Insurance Accounting Operations team is a high-profile team in the Controller's 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 in order 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 continues to grow due to company growth and the growing number of projects and initiatives that we are part of.The ImpactAs an Accounting Associate, 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 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
  • Contribute to initiatives and continuous improvement activities 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 supportThe Minimum Qualifications
    • Bachelor's degree or equivalent experience
    • At least 2 years' experience in public accounting or working in large, sophisticated corporate environment
    • Knowledge of GAAP accountingThe Ideal Qualifications
      • CPA or progress toward CPA
      • Knowledge of NAIC statutory accounting
      • Experience in identifying internal control issues and remediation efforts
      • Experience in performing insurance accounting, general ledger processing and month end close related matters
      • Experience in using accounting data and information to analyze and articulate the financial results
      • Experience working with insurance accounting and ERP tools (SAP, Cadency, Power BI, Alteryx etc.)
      • Experience working in a Lean Six Sigma environment with strong root cause problem solving experience
      • Intellectual curiosity to continue learning and adding breadth and depth to understandingWhat to Expect as Part of MassMutual and the Team
        • Regular meetings with the Insurance Accounting Team
        • Focused one-on-one meetings with your manager
        • Access to mentorship opportunities
        • 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 benefitsAbout MassMutualWe've been around since 1851. During our history, we've helped millions of people find financial freedom, offer financial protection, and plan for the future.Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life.MassMutual was recognized as an Ethisphere 2020 World's Most Ethical Company, a Top Place to Work in 2020 according to The Boston Globe and named among America's Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.#LI-CR37MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

          If you need an accommodation to complete the application process, please and share the specifics of the assistance you need.

Keywords: MassMutual, Boston , Accounting Associate - Insurance (Hybrid), Accounting, Auditing , Boston, Massachusetts

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