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MassMutual
We help people secure their future and protect the ones they love.
Boston, MA

Accounting Associate II - Insurance (Hybrid) at MassMutual (Greater Boston Area, MA)

| Greater Boston Area
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​​ * We have returned to the office in a hybrid structure to maximize collaboration and flexibility, blending time working remotely (part-time in the office/part-time remote), and may be asked to travel between Springfield and Boston campuses.

The Opportunity

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. This position is 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. This is an opportunity for an experienced accounting professional who thrives in a highly dynamic and agile environment to collaborate across teams seeking solid execution and improving outcomes. We look forward to returning to the office in 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.

The Team

The Insurance Accounting Operations team is a high-profile team 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 the growing number of projects and initiatives that we are part of.

The Impact

As an Accounting Associate II, you will have impact through your contribution to oversight of the insurance accounting execution and controls for monthly and quarter-end closes. You will also have the ability to contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in insurance product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:

  • Ensures 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 other departments to draft commentary which enables readers to quickly understand the financial results and drivers
  • Effectively collaborates with 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
  • Develops, documents, and assures adherence to an internal control framework that ensures accurate and timely financial reporting. Makes recommendations to continuously improve the overall control environment. Monitors the control execution of insurance accounting, including accounting performed by vendors. Ensures policies and procedures are adhered to
  • Lead the accounting policy research and implementation for new insurance products or insurance related transactions ensuring accuracy and compliance with accounting regulations. This includes the monitoring and governance, oversight, process change and transaction controls, including those executed by vendors that provide accounting services to the Company
  • Lead the research and implementation of new statutory and GAAP insurance accounting guidance
  • Plays 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
  • Uses professional insight to identify, initiate and/or lead initiatives and continuous improvement activities that increase efficiency and add value. Leads problem solving to improve quality, reduce close cycle times, improve team collaboration, including collaboration with vendors, and improve customer satisfaction
  • Effectively collaborates with internal and external auditors and provide complete and accurate source document information, including control execution documentation and support
  • Demonstrates the technical competencies and passion for continuous improvement

The Minimum Qualifications

  • Bachelor's degree or equivalent experience
  • Minimum of 4 years of relevant experience in public accounting or working in large, sophisticated corporate environment providing insurance accounting, general ledger processing and month end close related matters
  • Experience in executing internal controls and identifying internal control issues and remediation efforts
  • Knowledge of GAAP and NAIC statutory accounting
  • Ability to effectively supervise and develop core level accountants and external consultants

The Ideal Qualifications

  • CPA, Master or MBA or equivalent
  • Experience collaborating with and supporting several corporate units and external stakeholders
  • Ability to partner with and influence business leaders and peers in insurance accounting process improvements
  • Capable of conducting research and applying knowledge to handle complex problems independently
  • Experience in using accounting data and information to analyze and articulate 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
  • Ability to coach and develop core level accountants and external consultants

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Insurance 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

About MassMutual

We've been around since 1851. During our history, we've helped millions of people find financial freedom, offer financial protection, and plan for the future. 

Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure – it's our way of life.

MassMutual was recognized as an Ethisphere 2020 World's Most Ethical Company, a Top Place to Work in 2020 according to The Boston Globe and named among America's Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

#LI-NH1

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

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Where we are

We're excited to have our new campus opened at 10 Fan Pier in Boston's Seaport Neighborhood and to welcome our Boston based employees to come to campus on a voluntary basis.

Technology we use

  • Engineering
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    • D3JSLibraries
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What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with Nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
Eat lunch together
Intracompany committees
Daily sync
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Documented equal pay policy
Dedicated Diversity/Inclusion Staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Unconscious bias training
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability Insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life Insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Wellness Programs
Onsite Gym
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) Matching
Performance Bonus
Match charitable contributions
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous Parental Leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Family Medical Leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid Volunteer Time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid Holidays
Paid Sick Days
Occasional illness: up to 5 days per calendar year.
Perks & Discounts
Casual Dress
Commuter Benefits
Game Room
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and learns
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

An Insider's view of MassMutual

What's something quirky about your company?

Unique to MassMutual is that the cyber security mission parallels our corporate mission; to help people secure their future and protect the ones they love. Working in Cyber Security is fascinating because you must stay ahead of the threat actors and it's meaningful because you are solving problems that protect our employees and customers.

Lisa

Head of Cyber Business Risk

What's the biggest problem your team is solving?

You don’t think of insurance as a hotbed for innovation but the very nature of our organization, Digital Experience, is to reimagine how a 168-year old company does business with its customers. Our Design team takes pride in an inclusive design process with everyone invited to provide feedback, from Product to Engineering to QA.

Maria

Digital Lead - Design

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Lead Architect

How do your team's ideas influence the company's direction?

One of our projects is an application we built for our Investment Mgmt team called ViPER (Visualizing Investment Portfolio Enhanced Reporting). The application makes it easy to manage reports and get insights from Data Science models. Now with ~150 active users, it reflects how we’re using DS to facilitate data driven decision processes across MM.

Jasmine

Head of Data Science - Investments Domain

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