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MassMutual Director of Accounts Payable and Disbursement (Hybrid) in Springfield, Massachusetts

The Opportunity

As a Director of Accounts Payable and Disbursement you will work in a fast paced, innovative, and collaborative environment on exciting Controller/Cash Operations directives. A Director of Accounts Payable and Disbursement interacts with other functional areas of CFO, Controller, Procurement, Operations, FP&A, Treasury, Internal Audit. This position will be responsible for all the activities in accounts payable and disbursement and will assist with the analysis, execution and implementation of corporate disbursement strategies and processes including projects that encompass changes to systems and processes aimed at removing inefficiencies, reducing manual work, and positioning Cash Operations, Accounts Payable and Disbursement team for scalability and growth.

The Team

As a Director of Accounts Payable and Disbursement, you will join the Cash Operations team, part of MassMutual’s Controller organization. The Cash Operations team is motivated by the variety and challenging opportunities that substantially impact and support MassMutual operations and financial results. Team members are committed to support the organization’s overall objectives and they are constantly engaged in Business Process Improvements that enhance the daily operations and the needs of our internal customers. As part of this team, you will design, build, and support all of MassMutual’s accounts payable and disbursement requirements.

The Impact

As a Director of Accounts Payable and Disbursement, you will support new and emerging opportunities in the Cash Operations and Accounts Payable disbursement infrastructure ecosystems. To accomplish this, you will:

  • Establish and drives overall strategy to convert check to electronic payments

  • Establish and drives overall strategy to transition all vendors payment information, including banking instructions to our ERP system

  • Lead, develop and coach the accounts payable and disbursement team

  • Lead the Accounts Payable and Disbursement team with transformation and upgrade activities including implementing new technology solutions for the Account Payable and Disbursement organization, including harmonizing data across multiple technology platforms, administration systems

  • Own the research and resolution of key issues while prioritizing and managing expectations and delivery timelines

  • Own the Disbursement policy and sub-delegation administration. Review, maintain and communicate with stakeholders

  • Collaborate with the Head of Expense Accounting on the monthly and year-end payables close process

  • Support and recommend system implementation/upgrades for all systems as related to disbursement and accounts payable (including analyzing the potential use of blockchain technology)

The Ideal/Minimum Qualifications

  • Bachelor’s degree in Accounting, Finance, Business, or related field

  • 7+ years account payable experience and disbursement policy and procedures

  • Solid understanding of (GAAP), prepaid transactions and accruals

  • Full understanding of the procure-to-pay process including supplier relationships and the impact to the payables/disbursement operations

  • Prior leadership experience required

  • Experience working with sourced teams

Preferred Qualifications:

  • Leading sourced teams

  • Ability to work independently and manage multiple projects with excellent time management skills

  • Strong computer aptitude, which includes expertise with Microsoft Excel and Word, as well as experience with account payable software (ARIBA, Others) and SAP general ledgers

  • Strong analytical and problem-solving abilities

  • Strong attention to customer service and quality results

  • Ability to build relationships and collaborate on improvements

  • Monitor key controls to mitigate risk

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Cash Operations Team

  • Focused one-on-one meetings 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

About MassMutual

We’ve been around since 1851. During our history, we’ve helped millions of people find financial freedom, offer financial protection, and plan for the future.

Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: 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.

MassMutual was recognized as an Ethisphere 2021 World’s Most Ethical Company, a Top Place to Work in 2021 according to The Boston Globe and named among America’s Best Employers for Diversity according to Forbes 2020.

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

#LI-NH1

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 (talentacquisition@massmutual.com) and share the specifics of the assistance you need.

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