Director of Expense Accounting

Director of Expense Accounting

Corporate Expense Team

Full Time/ Springfield, MA

The Opportunity

The Director of Expense Accounting will support the Head of Expense Accounting and Allocation Modeling while leading key accounting operations that drive the accuracy and integrity of MassMutual's financial reporting. In this highly visible leadership role, you'll oversee the expense accounting team, ensuring a timely and accurate month-end close, a strong control environment, and compliance with U.S. GAAP and Statutory (NAIC/SSAP) requirements.

You'll partner closely with Finance, FP&A, Procurement, Accounts Payable, Tax, Treasury, and Controllership teams to deliver accurate financial results, strengthen governance processes, and support strategic business initiatives. This is an exciting opportunity to influence critical accounting processes, lead a talented team, and help drive continuous improvement across the organization.

The Team

The Expense Accounting team is a key part of MassMutual's Controller organization, bringing together talented accounting professionals with diverse experiences and perspectives. Our team is responsible for delivering accurate, timely financial information and trusted guidance to stakeholders across the enterprise.

We foster a collaborative and inclusive environment where curiosity, innovation, and continuous improvement are encouraged. By actively listening, sharing knowledge, and working together, we solve complex challenges and deliver meaningful results. As the organization continues to grow and evolve, our team is expanding to support new business initiatives, transformation efforts, and opportunities to enhance how we serve our customers and business partners.

The Impact

As a leader on our accounting team, you will oversee core expense accounting operations, ensuring accurate financial reporting, strong internal controls, and continuous process improvement. You will lead a blended onshore/offshore team, helping to assess risk, understand all their outputs, and lead tailored training to maintain/enhance professional standards and judgement.

Month-End Close Leadership

• Lead the monthly expense close process, including calendars, communications, deliverables, dependencies, and deadlines.
• Review and approve journal entries related to accruals, prepaids, allocations, reclassifications, and corrections.
• Analyze expense trends and variances, to appreciate expense norms and what can trigger deviations from those norms.
• Oversee close checklists, account reconciliations, and subledger-to-general ledger tie-outs.
• Collaborate with Accounts Payable, Procurement, Payroll, Treasury, and other partners to identify and address risks impacting the close process.

Accounting Controls & Governance

• Maintain a strong internal control environment supporting expense accounting processes.
• Ensure appropriate segregation of duties, access controls, and approval workflows.
• Partner with internal and external auditors on walkthroughs, testing, and audit requests.
• Lead control self-assessments and process risk reviews, implementing improvements that enhance efficiency and accuracy.
• Drive compliance with documentation and evidence retention requirements.

Subsidiary & Legal Entity Expense Accounting

• Oversee expense accounting activities across subsidiaries and legal entities, including intercompany transactions and settlements.
• Ensure compliance with legal entity requirements, reporting structures, and accounting policies.
• Support cross-entity reconciliations and statutory reporting activities.
• Partner with subsidiary stakeholders to ensure accurate expense classification and reporting.

Fixed Assets & Capitalization

• Oversee Fixed Asset Accounting to ensure proper capitalization treatment.
• Support accounting activities related to depreciation, asset retirements, impairments, and construction-in-progress transfers.
• Review and approve expense reclassifications associated with capital projects and internally developed software.
• Maintain reconciliations and supporting schedules for capital project-related accounts.

Lease Accounting

• Oversee Lease Accounting activities and related expense recognition.
• Partner with lease administration and controllership teams to ensure complete and accurate lease populations.
• Review reconciliations of lease-related accounts, including audit adjustments and foreign exchange impacts where applicable.
• Review supporting documentation for disclosures and financial statement reporting.

Leadership & Team Development

• Lead and develop a blended onshore/offshore accounting team.
• Establish and maintain standard operating procedures and process documentation.
• Coach, mentor, and develop team members while fostering a culture of accountability and continuous improvement.
• Drive automation and operational efficiencies utilizing tools such as Excel, Power Query, Power BI, Alteryx, SQL, and workflow automation solutions.
• Lead the migration of team from SAP R3 to SAP S4, while preparing for wave 2 migration of AP, FA and Lease systems

Minimum Qualifications

• Bachelor’s degree in Accounting, Finance, Economics or Business Administration or a Master’s Degree in Accounting.
• 8+ years of progressive accounting experience in public accounting and/or a large, complex corporate environment.
• 2+ years of experience as a people leader, responsible for managing direct reports OR 5+ years demonstrating informal leadership by guiding, coaching, and supporting colleagues in their day-to-day work

Preferred Qualifications

• CPA, MSA, or MBA preferred.
• 10+ years of progressive accounting experience, including expense accounting and month-end close leadership.
• Prior people leadership experience.
• Strong knowledge of U.S. GAAP; experience with Statutory (NAIC/SSAP) accounting within the insurance industry is highly desirable.
• Experience with lease accounting (ASC 842) and fixed asset accounting.
• Knowledge of SOX/ICFR controls, audit support, and remediation processes.
• Experience with ERP platforms such as SAP S/4HANA.
• Advanced Excel skills and exposure to analytics and automation tools.
• Strong communication and relationship-building skills, with the ability to clearly explain financial results and key business impacts.

What to Expect as Part of MassMutual and the Team

• MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect: 
• Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes  
• A collaborative environment where perspectives are welcomed   
• Access to learning, development, and internal networks that support continuous growth and skill-building over time  
• Employee-led communities and forums that foster connection, learning, and inclusion across the organization  
• A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset 

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Salary Range:

$115,900-$152,100

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.