The Opportunity
As an Accounting Operations – Reconciliation Team member, you will have impact through key controls that provide reasonable assurance over underlying customer activity that is accurately recorded in our general ledger and Financial Statements for both monthly and quarter-end certifications. You will have the ability to participate in various initiatives focusing on increasing efficiencies and adding value while continuing to develop your project management skills, enhance your skills in storytelling through data analysis and related financial impacts.
This role will work closely with business associates and leaders throughout various Operational organizations across the Company. Understanding the administrative transactions, processes, and workflows that impact the general ledger and the associated bank transactions to support them. In this role, as well as all roles within MassMutual, you will demonstrate accountability, agility, a dedication to be inclusive, strong business acumen, and will show courage, even in the most difficult situations. Effective communication skills will be key to successful relationship-building and articulating the reasoning and bases for your recommendations and conclusions. You will demonstrate an inquisitive approach, asking probing questions to identify issues with specificity.
The Team
The Accounting Operations – Reconciliation team is a dynamic 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 and quarter close with oversight of balance sheet reconciliations and impacts to financial statements. Our team has a high business acumen and is driven to provide timely and accurate transactional 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 expand due to the growing number of projects and initiatives that we are part of.
The Impact:
As an Accounting Operations – Reconciliation Associate, you will have impact through using your skills to both execute core operational accounting tasks, but also by utilizing your business acumen and communication skills to support our Business Operational areas. Your responsibilities may include, but are not limited to the following:
- Execute assigned monthly close responsibilities including journal entries, account reconciliations, and controls.
- Partner and support Business Operational Areas (i.e., Annuity, Life Insurance, Pension Risk Transfer, etc.) in resolving variances in a timely manner while understanding the risk and impacts to financial statements.
- Utilize industry best practices to visualize data in a way that allows quick and easy insight.
- Analyze trends and results, use strong business acumen and communication skills to contribute to commentary which enables readers (including leadership) to quickly understand impacts to their respective areas.
- Use professional insight to identify and implement accounting or business operational improvements that increase the business value and efficiency of the team.
- Respond to inquiries and requests from internal and external auditors.
- Develop, document, and assure adherence to an internal control framework that ensures accurate and timely financial reporting. Make recommendations to continuously improve the overall control environment.
- Adhere to internal controls over financial reporting for assigned processes and comply with Sarbanes Oxley (FRR) standard work/initiatives.
- Look for and find innovative ways, applying drive and initiative into projects while working cross-functionally with multiple stakeholders to improve processes.
- Involvement in projects and continuous improvement activities that may span beyond the scope of the team’s responsibilities.
- Proactively manage a customer-centric experience while following through on promises and commitments.
- Collaborate and maintain strong working relationships with business partners and customers.
The Minimum Qualifications
- Bachelor’s degree in accounting, business management, economics, finance, math or related field.
- 5+ years of experience in financial services.
The Ideal Qualifications
- Solid understanding of one or more of the following types of products and services: life insurance, annuities, worksite voluntary benefits, and/or institutional solutions.
- Excellent verbal and written communication, organizational, prioritization, attention to detail, and problem-solving skills.
- Experience in agile project management.
- Experience working with accounting, business intelligence and ERP tools (SAP, Cadency, Power BI, Alteryx etc.)
- Advanced skills in Microsoft Office specifically in Excel and Access.
- Capable of consistently prioritizing and effectively managing a workload while demonstrating the ability to make independent decisions and work autonomously.
- Ability to perform independent research and serve as a key resource for resolution of unique or complex business problems.
- Capable of effective data analysis and demonstrated ability to identify and articulate actionable trends.
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