Budget and Legal Fee Specialist
Location: Springfield Massachusetts
Description: MassMutual Financial Group is presently looking of Budget and Legal Fee Specialist right now, this occupation will be placed in Massachusetts. More details about this occupation opportunity please give attention to these descriptions. Job Post - 50526772
Job Title Budget and Legal Fee Specialist Employment Type Reference Code
Regular Full-time 0002-NC50526772_002 Locatio! n
Springfield STATE ST - MMFG
Company Chartered in 1851, Massachusetts Mutual Life Insurance Company ("MassMutual" or the "Company") is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The Company has a long history of financial strength and strong performance, paying dividends to eligible participating policyholders every year since the 1860s. MassMutual is headquartered in Springfield, Massachusetts and its major subsidiaries include OppenheimerFunds, Inc., Babson Capital Management LLC, Cornerstone Real Estate Advisers LLC, Baring Asset Management Limited and First Mercantile Trust Company. MassMutual Financial Group ("MMFG") is a marketing name for Massachusetts Mutual Life Insurance Company and its affiliated companies and sales representatives. MMFG is a global, diversified financial services organization providing life insurance, disability income insurance, long term care insurance, reti! rement/401(k) plan services, annuities, investment management,! mutual funds and trust services to individual and institutional investors. With whole life insurance as its foundation, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term. MassMutual, or its subsidiaries, also have operations in Asia, Europe and Latin America. MassMutual has maintained some of the highest financial strength ratings in any industry, and is committed to maintaining a position of preeminent financial strength by achieving consistent, long-term profitable growth. In total, MassMutual's worldwide insurance in-force was $521 billion at the end of 2012, and assets under management were $508 billion. Premium and other deposits totaled $35.5 billion for 2012. MassMutual is ranked 121 on the 2012 Fortune 500 list and was also named one of Fortunes "Most Admired" companies.
Department Law Operations & Technology Support Unit
Job Summary This position will provide support ! to the Law Operations & Technology Support Unit. The primary areas of responsibility include providing overall budget and expense coordination, legal fee processing and electronic billing support and analysis for the main Law Department. The position involves routine communication with all levels of Law Department personnel, including senior leadership. Will be responsible for determining best practices and assisting with the development of process improvements and resolving issues relating to business operations.
Job Responsibilities & Requirements
Responsibilities:
Primary budget and expense planning responsibilities include:
Coordination and development of annual planning for Law to include all SAP/BW budget entry Work with cost center level managers to develop/set cost center level budgets Perform divisional monthly SAP maintenance and provide updated quarterly/YE forecasting Knowledge and use of COGNOS to provide monthly budget r! eports Develop and maintain quarterly reports and variance explanations! for all major line codes to cost center heads & CFO Gather and analyze expense detail in order to provide variance reporting/YE forecasting to management and CFO as needed Provide detailed analysis and reporting of YTD/monthly/quarterly activity with year-over-year comparisons Perform monthly SAP expense and salary maintenance for all Law cost centers Provide accurate monthly legal fee accrual entry and expense adjustments into SAP Track and report on corporate legal fee reserve and other corporate legal fee matter activity Perform monthly General Ledger verification submission Knowledge and use of Pinnacle system to track and report on cost center level chargeback expense detail Maintain Law Department staffing and provide accurate FTE reporting on a monthly/quarterly basis Communicate results and budget detail to management as requested/necessary Attend expense management meetings and act as liaison between CFO and Law regarding any budget related activity/projects.
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Primary electronic billing responsibilities include: the collection and aggregation of quarterly legal fees from business areas and primary subsidiaries; timekeeper entry and approvals; providing support to outside counsel firms in relation to billing practices; reviewing and processing legal invoices for approval and payment; resolving billing issues (internal and external); managing retention letters; processing W-9 forms; obtaining checks from Treasury as needed; and processing monthly accrual reports. Will also collect, research and analyze budget and billing data to respond to routine inquiries and generate periodic specialized reports.
Requirements:
3+ years of experience in budget and expense management Accounting, budgeting and financial reporting experience Experience with electronic billing processes and technology Bachelor's degree; advanced degree preferred
The ideal candidate will have exceptional attention to detail as ! well as strong analytical, problem solving, and communication skills. T! he successful candidate will be flexible, customer-focused, positive, collaborative, and innovative. He or she must be able to successfully balance multiple priorities with the ability to work with minimal oversight.
Winning Ways Focus on the Customer: Know your customers well; add value with a sense of urgency. Act with Integrity: Be trustworthy, adhere to high ethical standards and adhere to the letter and spirit of applicable laws, rules, regulations and company policies Value People: Lead people to success; appreciate diverse backgrounds, ideas and experiences. Work Collaboratively: Partner with others to achieve results that leverage the right resources Achieve Results: Focus on winning; consistently exceeds expectations, beat the competition
MassMutual Financial Group is an Affirmative Action/Equal Employment Opportunity Employer (M/F/V/D).
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If you were eligible to this occupation, please email us your resume, with salary requi! rements and a resume to MassMutual Financial Group.
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This occupation starts available on: Sat, 04 May 2013 10:24:36 GMT
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