MassMutual

Insurance Accountant

MassMutual • $115K — $152K *
Springfield, MA 01109Hybrid
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 6+ years of experience in public accounting or large corporate insurance accounting
  • CPA credential or progress toward CPA preferred
  • Knowledge of U.S. GAAP and statutory accounting
  • Experience with ERP tools in insurance accounting (e.g., SAP, Cadency, Alteryx)
  • Strong written and verbal communication skills
  • Proven ability to build relationships across teams

Responsibilities

  • Contribute to timely completion of monthly, quarterly, and annual insurance accounting processes
  • Analyze trends and collaborate to provide insightful financial commentary
  • Collaborate with cross-functional teams to gain expertise in insurance product accounting
  • Support Financial Reporting with accurate financial statements and regulatory reports
  • Document controls for accounting activities and recommend improvements
  • Research accounting policies for new insurance products or transactions
  • Identify and implement process improvements using new technologies

Benefits

  • Regular team meetings for collaboration
  • Focused one-on-one sessions with managers
  • Access to diverse Business Resource Groups for networking
  • Learning opportunities through various educational platforms
  • Ethics and integrity valued in a stable ethical company culture
Full Job Description
Insurance Accountant

Insurance Controllership Team

Full Time

Springfield, MA or Boston, MA

The Opportunity

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 Team

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.

The Impact

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. 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 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


The Minimum Qualifications
  • 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.


The Ideal Qualifications
  • 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


What to Expect as Part of MassMutual and the Team
  • Regular meetings with the Insurance Controllership Team
  • Focused one-on-one meetings with your manager
  • 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
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-CR37

Salary Range:
$115,900-$152,100

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.

About MassMutual

MassMutual Careers

Join the vibrant team at MassMutual – a leading financial services company where innovative thinking and leadership thrive. MassMutual offers a unique opportunity to accelerate your career in an environment that encourages growth, diversity, and professional development.

Work You’ll Do

At MassMutual, we are committed to helping our clients secure their future and protect the ones they love. Our team is composed of highly skilled professionals dedicated to delivering excellence and innovation in financial services. By joining our team, you will collaborate with talented individuals who are leaders in their fields, passionate about what they do, and eager to drive transformation in the financial sector.

Explore Job Opportunities and Internships

Whether you're starting your career or looking to make a change, MassMutual has a range of job opportunities and internships that can help you achieve your professional goals. From positions in finance, marketing, IT, and more, our company is actively hiring individuals who are ready to contribute to our culture of excellence and continuous improvement.

Professional Growth and Development

MassMutual is deeply invested in the professional growth of its employees. We offer comprehensive training programs, including leadership development and diversity training, to ensure that every team member has the skills and knowledge to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Benefits and Culture

Choosing to work at MassMutual means joining a company that values its employees. We offer competitive benefits packages that support the health, financial stability, and well-being of our team members and their families. Our inclusive culture fosters an environment where everyone can thrive, and our leadership is committed to maintaining a diverse and supportive workplace.

Networking and Innovation

MassMutual encourages a culture of networking and innovation. We believe that by fostering connections and encouraging new ideas, we can better serve our clients and stay ahead in a rapidly evolving industry. Our employees are given the tools and freedom to innovate, leading to groundbreaking solutions and services.

Applying for a Position

Ready to take the next step in your career? Explore our current job openings on the MassMutual Careers page. Prepare your resume, sharpen your interview skills, and get ready to join a team that values hard work and creativity. At MassMutual, your future is waiting.

Stay Connected

Keep up to date with the latest from MassMutual by following our careers blog. Gain insights from our team, learn about new job openings, and get tips on everything from resume building to successful interviewing techniques.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with MassMutual today, and be part of a company that’s as invested in your career as you are.

MassMutual: Empowering Professional Futures

At MassMutual, we’re not just preparing you for a job; we’re preparing you for a lifetime of opportunities. Join us and discover how far your ambition can take you.
Learn more about MassMutual
Size
7,700 employees
Industry
Finance & Insurance
Founded
1851
* Ladders Estimates

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