Accountant Associate II - Corporate Subsidiaries

Hiltonwoodclifflake; Boston (MA); On-site; USD 90,000 - 130,000; Full time

Job summary

MassMutual seeks an Accounting Associate II to join Corporate Subsidiaries Controllership in Boston or Springfield. You will own accounting, reporting, and control activities for MassMutual's non-insurance subsidiaries, focusing on investment activity and related results.

You will partner with Investment Management and other stakeholders to analyze transactions, resolve issues, support close and audits, and help implement process improvements and new systems.

Qualifications

• Bachelor's degree required.
• 4+ years of accounting, reporting, controls and/or governance experience.
• CPA preferred.

Responsibilities

• Manage accounting, reporting and controls for non-insurance subsidiaries.
• Collaborate with Investment Management and stakeholders to analyze transactions.
• Support monthly, quarterly and annual close cycles.
• Lead continuous improvement in processes and controls.
• Prepare concise executive summaries for leadership.

Skills

Analytical skills

Communication skills

Cross-functional collaboration

Education

Bachelor's degree

Job description

Accounting Associate II - Corporate Subsidiaries

Corporate Subsidiaries Controllership

Fulltime/Boston, MA or Springfield, MA

The Opportunity

This Accounting Consultant role is a key role to our Corporate Accounting and Reporting team. The position reports to the Director of Corporate Subsidiaries Controllership. The role is responsible for the accounting, reporting, and control activities supporting MassMutual's non-insurance subsidiaries, with a particular focus on investment activity and related financial results. The incumbent will partner with Investment Management and other stakeholders to analyze transactions, resolve accounting issues, support close and audit requirements, and improve the processes used to deliver accurate and timely reporting. This is an opportunity for an individual who thrives in a highly dynamic and agile accounting environment to collaborate across teams focused on solid execution and improving outcomes. We are seeking an accounting professional who wants to join a highly motivated team of professionals focused on proactively driving the development and execution of process improvements, meaningful analysis and improved coordination with the business partners.

The Team

The Corporate Subsidiaries Controllership team provides controllership and governance oversight for MassMutual's non-insurance subsidiaries. The team partners across Finance and the business to promote accurate and timely financial reporting; oversee legal entity governance, capital activity, non-routine transactions, and external audits; strengthen internal controls; and drive consistency in the review and oversight of subsidiary results. The incumbent will help shape the team's operating model, develop talent, and advance improvements that strengthen execution across the subsidiary portfolio.

The Impact

• Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow
• Manages priorities effectively and adapt quickly to achieve goals while developing efficiencies and established methods in the process
• Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances
• Plays a key role in leading a collaborative and inclusive culture by working closely with Investment Management
• Actively participate in the implementation of the Company's new ledger and investment ecosystem
• Responsible for ongoing activities as part of the monthly, quarterly, and annual close cycles
• Uses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the team
• Initiates and/or leads increasingly complex continuous improvement activities
• Participating in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction
• Makes recommendations to continuously improve the overall control environment
• Compiles and prepares accounting records of MassMutual's non-insurance subsidiaries including venture capital, asset management, bank, technology, and holding companies
• Proactively supports the internal and external audits
• Contributes to the accounting, reporting, control, and legal entity implications of non-routine transactions affecting MassMutual's subsidiaries. Partners with stakeholders to assess impacts, resolve complex issues, document conclusions, and prepare concise executive summaries for leadership

The Minimum Qualifications

• Bachelor's degree
• 4+ years of accounting, reporting, controls and/or governance work experience with a track record of increasing responsibility

The Ideal Qualifications

• CPA preferred
• Knowledge of U.S. GAAP and statutory accounting
• Financial reporting experience on alternative investments
• Former experience in legal entity controller roles
• Strong analytical skills: ability to analyze financial data sets and tell the story of the data
• Proven ability to complete high-quality work efficiently and increase autonomy over time
• Experience analyzing new investments and accounting guidance to drive appropriate and preferred investment accounting and reporting across the Company and subsidiaries
• Experience with system implementations preferred
• Able to build and maintain strong working relationships across cross-functional groups
• Excellent verbal and written communication skills with the ability to express ideas in and articulate in an organized and persuasive manner to leadership, staff, regulatory bodies, etc.
• Able to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverables
• Intellectual curiosity to continue learning and adding breadth and depth to understanding

What You Can Expect at MassMutual

At MassMutual, you'll have the opportunity to do meaningful work within a purpose-driven organization that values long-term impact. In this role, you can expect:

Clear areas of ownership and accountability, with work that connec