Corporate Expense Accountant

MassMutual

Corporate Expense Accountant

Reposted 5 Hours Ago

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Springfield MA USA

Hybrid

67K-88K Annually

Entry level

Big Data • Fintech • Information Technology • Insurance • Financial Services

We help people secure their future and protect the ones they love.

The Role

The Corporate Expense Accountant will support expense recognition subsidiary accounting and reconcile intercompany transactions while assisting month-end and quarter-end close processes.

Summary Generated by Built In

Corporate Expense Accountant
Corporate Expense Team
Full Time
Springfield MA
The Team
The expense team is responsible for ensuring the accuracy and integrity of the ledgers for all expense accounts. Where we don't directly control the expenses we partner with others to validate the amounts and understand any changes. As a team we are accountable for leases fixed and intangible assets inventory accounts impairments intercompany management fee agreements financial exhibits footnotes quarterly expense commentaries for both GAAP and STAT and other general expense support.
The Impact
You will directly contribute to the maintenance and accuracy of MassMutual's consolidated financial statements. With support and training your actions and efforts will support our in-progress ERP system conversion from SAP R3 to S4 Hana.
We are seeking an early career accountant to support core accounting activities related to general expense recognition subsidiary accounting and intercompany transactions. This role is ideal for a recent accounting graduate or early career professional looking to build a strong foundation in corporate accounting close processes and financial controls within a multi entity environment.
General Expense Accounting

Record and review operating expense journal entries in accordance with GAAP
Ensure timely and accurate expense recognition accruals and deferrals
Support month-end and quarter-end close related to operating expenses

Subsidiary & Intercompany Accounting

Prepare and reconcile intercompany transactions and balances
Assist with intercompany billing and settlement accounting
Support intercompany eliminations and ensure proper documentation

Reconciliations & Controls

Perform balance sheet and P&L account reconciliations
Assist with execution and evidence support for key controls
Support internal and external audit requests as needed

Reporting & Process Support

Assist in the preparation of standard accounting reports and schedules
Maintain accurate supporting documentation and workpapers
Identify opportunities for process improvement and standardization

The Minimum Qualifications

Bachelor's degree in Accounting Finance Economics or Business Administration with completion of core coursework in financial accounting and accounting principles.
Ability to support monthly quarterly and annual close processes which might require extended hours and weekends

The Ideal Qualifications

Basic understanding of GAAP and general ledger accounting
Familiarity with expense recognition accruals and reconciliations
Understanding of debit/credit mechanics
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 huddles with the Expense Accounting Team
Focused one-on-one meetings with your manager
Quarterly meetings with the Head of Business Operations
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
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.
California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA) please visit our California Consumer Privacy Act Disclosures page.
Salary Range: $67400-$88400

Skills Required

Bachelor's degree in Accounting Finance Economics or Business Administration
Basic understanding of GAAP and general ledger accounting
Familiarity with expense recognition accruals and reconciliations
Strong oral and written communication skills

What the Team is Saying

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The Company

HQ: Springfield MA

6000 Employees

Year Founded: 1851

What We Do

Since 1851 MassMutual’s commitment has always been to help people protect their families support their communities and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people. Together we’re stronger.

Why Work With Us

MassMutual has the financial security and stability of a 170+ year old company with the culture and energy of a startup. We work every day with the customer front of mind to build the best digital experience in the industry.

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Hybrid Workspace

Employees engage in a combination of remote and on-site work.

We believe in capitalizing on the best of being together in our offices as well as personal flexibility. Our workplace philosophy puts office collaboration first combined with flexibility to work remotely.

Typical time on-site: 3 days a week