Accountant Associate II - Corporate Subsidiaries

MassMutual • Boston, MA

13d • $99,800 - $131,000 • Onsite

About The Position

The Accounting Associate II is part of MassMutual’s Corporate Accounting and Reporting team and reports to the Director of Corporate Subsidiaries Controllership. The role supports accounting, reporting, and control activities for MassMutual’s non-insurance subsidiaries, with a focus on investment activity and related financial results. The position partners with Investment Management and other stakeholders to analyze transactions, resolve accounting issues, support close and audit requirements, and improve processes for accurate and timely reporting.

The Corporate Subsidiaries Controllership team provides controllership and governance oversight for MassMutual’s non-insurance subsidiaries. It partners across Finance and the business on financial reporting, legal entity governance, capital activity, non-routine transactions, external audits, internal controls, and consistent review of subsidiary results. The role contributes to the team’s operating model and improvements across the subsidiary portfolio.

The position is based in Boston, Massachusetts, or Springfield, Massachusetts. The posted salary range is $99,800–$131,000. MassMutual notes that compensation may include a bonus target or, for sales-focused roles, variable incentive compensation. The company describes a collaborative, inclusive, purpose-driven environment and refers applicants to its Total Rewards information for benefits details.

Requirements

• Bachelor’s degree.
• At least 4 years of accounting, reporting, controls, and/or governance work experience, with increasing responsibility.
• Knowledge of U.S. GAAP and statutory accounting.
• Strong analytical skills, including the ability to analyze financial data and explain its implications.
• Ability to complete high-quality work efficiently and take on increasing autonomy.
• Ability to build and maintain strong working relationships across cross-functional groups.
• Excellent verbal and written communication skills, including the ability to communicate ideas clearly and persuasively to leadership, staff, and regulatory bodies.
• Ability to work effectively in a dynamic, agile environment and manage changing priorities.

Nice To Haves

• CPA.
• Financial reporting experience with alternative investments.
• Previous experience in legal entity controller roles.
• Experience analyzing new investments and accounting guidance to support appropriate investment accounting and reporting across a company and its subsidiaries.
• Experience with system implementations.
• Intellectual curiosity and interest in continuing to broaden and deepen knowledge.

Responsibilities

• Support accounting, reporting, and control activities for MassMutual’s non-insurance subsidiaries, particularly investment activity and related financial results.
• Participate in monthly, quarterly, and annual close activities.
• Compile and prepare accounting records for non-insurance subsidiaries, including venture capital, asset management, bank, technology, and holding companies.
• Partner with Investment Management and other stakeholders to analyze transactions, assess impacts, and resolve accounting issues.
• Support internal and external audits.
• Contribute to accounting, reporting, control, and legal entity considerations for non-routine subsidiary transactions; document conclusions and prepare executive summaries for leadership.
• Participate in implementing the company’s new ledger and investment ecosystem.
• Identify and implement accounting and process improvements that increase business value, quality, efficiency, and reporting timeliness.
• Lead or initiate increasingly complex continuous-improvement activities and participate in problem-solving to improve quality, cycle times, efficiency, employee engagement, and customer satisfaction.
• Recommend improvements to the overall control environment.
• Work collaboratively across teams and help foster an engaged, inclusive, and learning-oriented culture.

Benefits

• The company states that it offers industry-leading pay and benefits and refers applicants to its Total Rewards at a Glance for details.
• The company mentions incentive and bonus opportunities for employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level