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Accounting Associate


The Opportunity
As an Accounting Associate 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 insurance accounting and analysis, including oversight of financial reporting outcomes of all MassMutual insurance products.

As an Accounting Associate, 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 accounting activities. We have a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office at either our Boston, MA or Springfield, MA locations. We have accounting opportunities on our Insurance, Investments, Reinsurance and Broker/Dealer Accounting operation teams.

The Team
The Accounting Operations teams are high-profile teams in the Controller’s organization comprised of talented accounting professionals who possess diverse ranges of experiences and backgrounds. Overall responsibility for our team is month end close and oversight of general ledger in order to support financial statements and regulatory filings. 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 company growth and the growing number of projects and initiatives that we are part of.  

The Impact
As an Accounting Associate, you will have impact through your contribution to oversight of the accounting execution and controls for monthly and quarter-end closes.  You will also contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in accounting and related financial impacts.  Your daily/monthly responsibilities will include, but are not limited to the following:
  • Contributes to the accurate, timely completion of monthly, quarterly and annual accounting close cycles for complex insurance accounting by effectively planning, monitoring, and problem solving
  • Analyze trends and results, use strong business acumen and communication skills collaborating with peers and the other departments to draft and contribute to commentary which enables readers to quickly understand the financial results and key drivers
  • Effectively collaborates with varying teams (Treasury, Investment Accounting, Reinsurance Accounting, Strategic Business Partner, Reporting and Corporate Actuarial teams) and builds key relationships to become an expert in insurance product accounting and related financial impacts
  • Supports the Financial reporting team in providing complete and accurate accounting information such as financial statements, footnote schedules, regulatory reports and other management reports
  • Efficiently captures, executes and documents controls for insurance accounting activities and makes recommendations to continuously improve the overall control environment
  • Contributes to the accounting policy research and implementation for new insurance products or insurance related transactions ensuring accuracy and compliance with accounting regulations. 
  • Assist in research and implementing new statutory and GAAP insurance accounting guidance
  • Contribute to initiatives and continuous improvement activities that increase efficiency and add value
  • Play a key role in creating a collaborative and inclusive culture by working closely with outsourced vendors and other areas within the Controllers Organization to build trust through increasing understanding of and respecting differences
  • Respond to auditor requests for source document information, including control execution documentation and support

The Minimum Qualifications

  • Bachelor’s /Master's in Accounting or Finance (150 credits in Accounting)
  • Desire to obtain CPA with support
  • At least 1 internship or co-op experience working in a related accounting or finance capacity
  • Must be authorized to work in the US without requiring sponsorship both now and in the future

The Ideal Qualifications

  • Exposure to GAAP
  • Experience in identifying internal control issues and remediation efforts 
  • Experience in performing insurance accounting, general ledger processing and month end close related matters
  • Experience in using accounting data and information to analyze and articulate the financial results
  • Experience working with insurance accounting and ERP tools (SAP, Cadency, Power BI, Alteryx etc.)
  • Experience working in a Lean Six Sigma environment with strong root cause problem solving experience
  • Intellectual curiosity to continue learning and adding breadth and depth to understanding

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Accounting 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