Accounting Associate II

MassMutual • Boston, MA

4d

About The Position

As an Accounting Associate II in the Controllers Organization of Corporate Finance, you will join us as we continue our progress towards becoming the best-in-class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the Company in a better place than you found it. You will thrive in a highly dynamic and agile accounting environment to collaborate across teams seeking solid execution and improvement of outcomes. You will be a key contributor on the team that manages and executes reinsurance accounting and analysis, including oversight of financial reporting outcomes of MassMutual’s reinsurance programs. As an Accounting Associate II, you will continue to learn and develop as part of a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for reinsurance accounting activities. The Team The Reinsurance Controllership team is a high-profile team in the Controller’s organization comprised of talented accounting professionals who possess diverse ranges of experiences and backgrounds. Our team has a high business acumen and is driven to provide timely and accurate financial information to our customers. We pride ourselves on working with agility and being a reliable source of information in the organization. We strive to continuously improve and achieve results by actively listening, seeking, understanding and creating solutions as a unified team. The team continues to grow due to the growing number of new business initiatives and projects that we are part of. The Impact As an Accounting Associate II, you will have impact through your contribution to oversight of reinsurance accounting, analysis and reporting execution, and controls for the quarterly financial close. You will also contribute to various initiatives focusing on increasing efficiency managing projects and developing and applying your skills in reinsurance and insurance product accounting.

Requirements

• Bachelor’s degree
• 4+ years’ experience in public accounting or working in large, sophisticated corporate environment in accounting
• 1+ years' experience working with accounting and ERP tools (Excel, SAP, Power BI, Tableau, Alteryx etc.)

Nice To Haves

• CPA or progress toward CPA
• Knowledge of GAAP and Statutory accounting
• Experience in using accounting data and information to analyze and articulate financial results
• Experience in identifying internal control issues and remediation efforts
• Experience in performing accounting, general ledger processing and close related matters
• Experience in root cause problem solving
• Intellectual curiosity to continue learning and adding breadth and depth to understanding

Responsibilities

• Management Reporting – Build, maintain, and update dashboards for management reporting
• Analysis – Assist with comprehensive analysis on both USGAAP and statutory accounting by analyzing trends and results, use strong business acumen and communication skills collaborating with peers across departments to draft and contribute to commentary which enables readers to quickly understand financial results and key drivers
• Agreement set up – Support the development of comprehensive accounting models for transaction accounting. Support the completion of accounting conclusion memos.
• Settlement files - Create settlement files leveraging data from the admin systems, ledger, and data lake. Initiate cash settlements
• Accounting – Complete journal entries and verify results in the ledger using information from settlement files, and other teams within the Company/CFO.
• Contribute to the accurate and timely completion of accounting close cycles for complex reinsurance accounting by effective planning, monitoring, and problem solving
• Assist in research and implementation of new statutory and GAAP accounting guidance
• Contribute to initiatives and continuous improvement activities that increase efficiency and add value

Benefits

• Regular meetings with the Reinsurance Controllership Team
• Focused on one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees