Financial Control Consultant
MassMutual · Springfield, MA · 1 wk ago
HybridSales$84k–$110k/yrFull-time
About the role
The Financial Control Consultant plays a crucial role in ensuring operational integrity and meeting requirements set forth by internal and external audit partners. This position acts as the primary liaison to Corporate Finance or other financial partners on more complex matters.
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
Requirements
- B.S. degree in Accounting, Finance or Business OR 6+ years accounting or financial reporting and analysis experience
- 3+ years accounting or financial reporting and analysis experience
- 3+ years General Ledger knowledge (chart of accounts) and ability to independently analyze
- 3+ years supporting cross-functional projects and strategic initiatives to strengthen financial controls, ensure compliance, and drive business outcomes
Qualifications
- 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
Skills
- Thorough understanding of insurance products and administrative platforms and the associated accounting practices
- Accurate work with limited supervision
- Professional representation of the department to other business units, internal and external auditors, and management
- Leadership on the team to drive process improvement and provide on-going advice and support to the Manager
Benefits
MassMutual offers a comprehensive benefits package designed to support the whole you and your loved ones. This includes:
- Medical, dental, and vision coverage
- A 401(k) retirement plan with company matching
- Generous vacation time
- Volunteering days off
- A Well-Being Wallet of up to $1,250
- Caregiver leave
Pay
$84,100 - $110,300 annually
Schedule
Hybrid schedule with at least three days per week in the office and flexible remote work options