Systems Analyst- Technology Business Management (TBMA)

$92,800 - $121,800/Yr

MassMutual - Springfield, MA

Full-time - Mid Level

Springfield, MA

Insurance Carriers and Related Activities

About the position

As the Controller of MassMutual Federal Credit Union (MMFCU), you will play a crucial role in the financial operations of the credit union. This position is designed for a professional who is committed to delivering a consistent and memorable experience to our members and potential members. You will oversee the accounting operations, ensuring the accuracy and timeliness of accounting records, and the preparation of both internal and external financial reports. Your responsibilities will also include maintaining a comprehensive set of internal controls aimed at mitigating risk, enhancing the accuracy of reported results, and ensuring compliance with generally accepted accounting principles (GAAP) as well as state and federal credit union regulations. The finance team you will be part of consists of a Chief Financial Officer (CFO), an accounting specialist, and an accounting assistant. This team is expected to work collaboratively across various business units within the organization. Your impact will be significant as you oversee accurate and efficient accounting operations, internal controls, and financial reporting for the credit union. You will be responsible for managing the chart of accounts and ensuring that necessary internal controls over the general ledger are in place, including appropriate reconciling processes and segregation of duties. In addition to overseeing the standard internal and external financial reporting, including the quarterly NCUA 5300 report, you will work closely with the CFO to ensure that accounting estimates are accurate and well-supported. This will involve leading efforts to comply with FASB's current expected credit losses standard (CECL). You will also maintain a documented system of accounting internal controls, policies, and procedures, manage the daily activities of accounts payable, accounts receivable, fixed assets, and general accounting, and assist in budget preparation and monitoring. Your role will require you to ensure compliance with GAAP and government regulations, cooperate with external auditors and regulators, and assist with profitability analysis and reporting.

Responsibilities

• Oversee the accounting operations of the credit union, ensuring accuracy and timeliness of accounting records.
• Prepare standard internal and external financial reports, including the quarterly NCUA 5300 report.
• Maintain a comprehensive set of internal controls designed to mitigate risk and enhance accuracy of reported results.
• Manage the chart of accounts and necessary internal controls over the general ledger, including reconciling processes and segregation of duties.
• Work closely with the CFO to ensure accounting estimates are accurate and well-supported, including compliance with FASB's CECL.
• Maintain a documented system of accounting internal controls, policies, and procedures.
• Manage the daily activities of accounts payable, accounts receivable, fixed assets, and general accounting.
• Assist in the preparation and monitoring of the budget.
• Ensure compliance with GAAP and government regulations in accounting records and reports.
• Cooperate with and assist external auditors and regulators as appropriate.
• Assist with profitability analysis and reporting, including assessment of the credit union's operations and products and services.
• Establish effective communications and processes within the department.

Requirements

• Bachelor's Degree in accounting, finance, or business.
• 5+ years of progressively responsible work experience, preferably in a bank or credit union, or equivalent combination of education and experience.

Nice-to-haves

• MBA or CPA
• Proven knowledge of GAAP
• Understanding of audit functions and procedures and related regulations.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Familiarity with credit union accounting terminology and standards.
• Familiarity with credit union system terminology and acronyms.

Benefits

• Industry leading pay and benefits
• Access to mentorship opportunities
• Networking opportunities including access to various Business Resource Groups
• Access to learning content on Degreed and other informational platforms