The OpportunityAs 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 TeamOperations Financial Controls supports the maintenance and integrity of MM's financial statements by performing various control activities of operational financial transactions. The team also provides support for audits and special projects.
The ImpactThe 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.
Key Responsibilities Include:- 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.
The Minimum Qualifications - 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 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
The Ideal 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
Salary Range:$84,100-$110,300
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
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