• Job Description

  Req#: R18575

  Controller - MassMutual Federal Credit Union

  Full-Time

  Springfield, MA

  The Opportunity:
  As the Controller of MassMutual Federal Credit Union (MMFCU), you will be a valued member of a supportive, diverse, and skilled team. All MMFCU team members are committed to delivering a consistent and memorable experience to our members and potential members. You will be responsibly for the accounting operations of the credit union, to include overseeing the accuracy and timeliness of the accounting records, preparation of standard internal and external financial reports, and maintenance of a comprehensive set of internal controls designed to mitigate risk, enhance the accuracy of the credit union’s reported results, and ensure that reported results comply with generally accepted accounting principles, as well as state and federal credit union regulations.

  The Team:
  The finance team is comprised of a CFO, an accounting specialist and an accounting assistant. The team is expected to work cross-functionally and collaboratively with other business units within the organization.

  The Impact:

  • Oversee accurate and efficient accounting operations, internal controls, and financial reporting for the credit union.

  • Responsible for the chart of accounts and necessary internal controls over the general ledger to include appropriate reconciling processes, software application, and segregation of duties.

  • Responsible for the standard internal and external financial reporting of the credit union, including the quarterly NCUA 5300 report.

  • Work closely with the CFO to ensure accounting estimates are accurate and well-supported this will include leading the efforts to comply with FASB’s current expected credit losses standard (CECL).

  • Maintain a documented system of accounting internal controls, policies, and procedures.

  • Manage the accuracy and productivity of the daily activities of accounts payable, accounts receivable, fixed assets.

  • records, and general accounting.

  • Assist in the preparation and the monitoring of the budget.

  • Ensure accounting records and reports are in compliance with GAAP and government regulations.

  • Cooperate with and assist external auditors and regulators as appropriate.

  • Assist with various profitability analysis and reporting, including assessment of the credit union’s operations and products and services.

  • Comply with local, state, and federal government reporting requirements.

  • Establish effective communications and processes within the department.

  Minimum Qualifications:

  • 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.

  Preferred Qualifications:

  • 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.

  What to Expect as Part of the Team

  • Regular collaboration with the CFO and leadership team

  • Focused one-on-one time with your manager

  • Access to mentorship opportunities

  • 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

  Employment is contingent upon successfully passing a credit check.

  #LI-FT1

  Salary Range:

  $95,100.00-$124,800.00

  
  

  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.

• About the company

  The Massachusetts Mutual Life Insurance Company, also known as MassMutual, is a Springfield, Massachusetts-based life insurance company. MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401 plan services, and annuities.

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