Financial Accounting Systems - Head of Solution Design and Implementation

MassMutual

MassMutual

Accounting & Finance, Design
Multiple locations
Posted on Wednesday, April 24, 2024

About the Corporate Controller Organization:

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise’s actual results, forecast implications and strategic decision making. This work considers legal entity structures, distribution channel and product results as well as how these impact our capital optimization and operating liquidity.

We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities. We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.

The Opportunity

The Financial Accounting Systems - Solution Design and Implementation Lead is a newly created role that will be responsible for the requirements, solution design and testing areas of the MassMutual’s enterprise accounting systems upgrade to SAP’s S4/Hana platform. The person in this position will lead a team and report directly to the Head of Finance Accounting Systems Transformation (FAST).

As a Solution and Implementation Lead you will be responsible for:

  • Understanding the capabilities and functionalities of the SAP S4/Hana accounting platform
  • Business process mapping and gap analysis across Finance
  • Finalizing scope, business requirements and functional requirements working with process owners, program workstream owners and technology partners. Propose optimal configurations for operational accounting activities within the general ledger to meet business unit reporting requirements as well as external regulatory filings and other audit requirements. Consider governance and internal control procedures and ensure redesigned processes and functionalities maintain and strengthen control environment.
  • Defining and finalizing the solution design and implementation plan
  • Defining Benefit Realization framework
  • Designing the User Acceptance Testing (UAT) criteria, testing plan and detailed scenarios
  • Own and manage the UAT execution including business sign-offs; collaborate with process owners and program team on defect resolution

You will be expected to take proactive ownership and drive workstreams to completion. You will lead and supervise a team of MassMutual employees and implementation partner(s) working on the workstream under your ownership.

Minimum Qualifications:

  • Minimum 12-15 years of SAP implementation experience in a technical or functional role in the insurance industry
  • Strong understanding of financial accounting, closing, consolidation and reporting processes, preferably in Insurance industry
  • Excellent knowledge of the SAP general ledger, FPSL, Group Reporting, Cash Disbursement, Fixed Asset, AP and AR and related configuration opportunities for a complex financial institution with multi-currency transactions. We will consider other large ERP system for the right candidate (Oracle).
  • BS in accounting and finance; MBA or equivalent preferred
  • Certified Public Accountant or SAP Certification (Specialist or Professional)

Other Knowledge, Skills and Abilities:

  • Ability to work with senior management and influence decision making
  • Strong multi-tasking skills and ability to adapt to change
  • Ability to proactively take ownership of projects and drive them through to
  • Experience working in a Finance transformational setting; driving change and managing competing priorities.
  • Ability to assess alternative configuration options within the general ledger, given regulatory and business reporting requirements and make comprehensive recommendations for optimal set up
  • Detail-oriented with demonstrated oral and written communication skills
  • Ability to work with all levels of personnel, from staff to executive management
  • Authorized to work in the United States without sponsorship now or in the
  • Travel between New York, Boston and Springfield required

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Salary Range:

$180,700.00-$237,100.00

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 Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

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.