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Expense Accounting Analyst

Massachusetts Mutual Life Insurance Company

Springfield, MA

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JOB DETAILS
SALARY
$92,800–$121,800 Per Year
SKILLS
Accounting, Analysis Skills, Application Performance Management, Business Analysis, Business Operations, Communication Skills, Cost Accounting, Cross-Functional, Customer/Client Research, Data Analysis, Data Modeling, Data Sets, Expense Analysis, Financial Analysis, Financial Modeling, Financial Planning and Analysis (FP&A), General Ledger Accounting, Generally Accepted Accounting Principles (GAAP), Hyperion, Multitasking, People Management, Power BI, Presentation/Verbal Skills, Process Improvement, Product Profitability, Production Systems, Profit & Loss Analysis, Profit & Loss Management, Query Analysis, Risk, SAP, SAP NetWeaver Business Warehouse, Simulation, Training/Teaching, Use Cases, Writing Skills
LOCATION
Springfield, MA
POSTED
9 days ago
Expense Accounting Analyst

Business Operations Controllership

Full-Time

Springfield, MA

The Opportunity

This new role in Expense Accounting represents equal parts cost accounting, financial modeling, and data analytics. You will be joining a new team on the ground floor deploying SAP's allocation application. While execution and maintenance of the allocation models will be core responsibilities, we will be learning and growing together. Our goal is to spearhead utilization, mastering the tool's production and simulation environments all while delivering data driven insights. If you are eager to apply data analytics in a financial modeling setting and you are enthusiastic about solving problems, this is for you.

The Team

The expense team is evolving into two mutual supporting sub teams - expense accounting and expense analysis. Together we ensure the accuracy and integrity of the ledgers for all expense accounts and connecting unallocated results to allocated results. Where we do not directly control the expenses, we partner with others to validate the amounts and understand drivers of change. As a team we are accountable for all general expenses, leases, fixed and intangible assets, inventory accounts, impairments, intercompany management fee agreements, general liabilities, financial exhibits, footnotes, and quarterly expense commentaries for both GAAP and STAT. We also partner closely with cost centers owners to provide guidance and training. While the team focuses on expenses, we are rapidly outgrowing that label.

The Impact:

This role is about mastering the mechanics of SAP's Profitability and Performance Management application (PaPM). You will become a subject matter expert on the application's full capabilities as we assume ownership of several key financial models that cross multiple functional areas. We will enable the business owners of these financial models through a center of excellence concept. Delivering allocated results to our business partners with transparency into the data and drivers will be how we add value.

The Minimum Qualifications

  • Bachelor's Degree
  • 4 + years of experience related to data modeling, accounting, business analytics, or general business reporting
  • 2+ years of experience working with general ledger data - large data sets
  • 2+ years of experience with data query/data analytics tools like SAP Business Warehouse, Analysis for Office, Power BI, Alteryx, Hyperion, or similar tools
The Ideal Qualifications
  • 6+ years of cost accounting and profitability analysis
  • Ability to use reporting tools to summarize and present data to business customers based on customized use cases
  • Demonstrated professional development plan - initiative-taking learning
  • Experience with allocations, assessments, and cost flows
  • Understanding of margin analysis and product/customer profitability
  • Previous partnerships with FP&A, cost center accounting (CO), and internal reporting
  • Ability to influence others using expert knowledge, effective communications and demonstrated results.
  • Strong oral and written communication skills
  • Ability to multi-tasking skills and adapt to change
  • Demonstrate accountability and commitment
What to Expect as Part of MassMutual and the Team
  • Regular meetings with the Expense Accounting Team
  • Focused one-on-one meetings with your manager
  • 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 benefits


#LI-CR37

Salary Range:
$92,800-$121,800

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.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

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. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

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

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. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

About the Company

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Massachusetts Mutual Life Insurance Company