Transaction Advisory & Accounting Policy Consultant at MassMutual

| Greater Boston Area
!Sorry, this job was removed at 2:21 p.m. (EST) on Thursday, November 14, 2019

The Transaction Advisory & Accounting Policy Team is part of the Corporate Controller organization within MassMutual. This position will be a direct report to the Head of Transaction Advisory and Accounting Policy. As part of an ongoing transformation of Controllership function, the Transaction Advisory & Accounting Policy team is looking to add a key strategic member to the group. This position will have high visibility to the Controller’s and CFO’s leadership teams.

A successful candidate will need to have the capacity to navigate through varied business activities and work collaboratively with colleagues in the Finance organization, as well as across MassMutual’s lines of business and operating groups. In doing so, this individual will gain a thorough working knowledge of MassMutual’s line of business finance and accounting processes, procedures and operations and continue to develop a strong foundation in technical accounting. 

The candidate should also possess outstanding written and verbal communication skills. The individual will have a strong technical accounting background, preferably with experience in the insurance industry, and a strong work ethic. Additionally, we expect to see the ability to collaborate with management, peers, and stakeholders in order to effectively influence and effect change. 

Key Responsibilities:

  • Work closely with MassMutual Finance line of business personnel in the review and analysis of significant, complex business transactions to determine the proper accounting and reporting for MassMutual.
    • Develop relationships with key finance and accounting stakeholders across MassMutual, including leadership across the Finance organization, lines of business, and operations.
  • Monitor, evaluate, and influence the development of and implementation of emerging accounting requirements from the FASB, NAIC and other regulatory bodies.
    • Regularly formulate opinions and provide updates on emerging accounting issues for discussion with the Head of Transaction Advisory and Accounting Policy, as well as the Corporate Controller.
    • Proactively engage lines of business in assessing impacts and participating in the accounting standard-setting process. This includes coordination with accounting standard setters and regulators to advocate Company positions on accounting issues that could potentially impact the Company.
  • Lead efforts to define the company’s application and implementation of new accounting standards, as well as other regulatory reporting matters.
    • Design, develop and communicate additions or updates to corporate accounting policies. Have a thorough assessment of risk and associated mitigation options as it relates to changes to accounting policies.
    • Provide training on new policy implementation and application.
  • Other Responsibilities Include:
    • Continually evaluate departmental processes and recommend process improvements.
    • Establish and maintain strong, collaborative partnerships with the Company’s external auditors and regulators.

Core Competencies Include:

  • An ability to execute thoroughly in a fast-paced work environment, adapting quickly to changing conditions to achieve results.
  • Ability to think creatively, map out solutions and drive their implementation
  • Strong project management skills with the capability to adapt quickly to achieve goals
  • Drive collaborative solutions and results with peers across the organization to gain support for ideas and execute on projects that deliver value to stakeholders
  • Comfortable leading meetings, making strategic recommendations and giving presentations to increasingly large audiences.

Qualifications:

  • Minimum of five years of professional accounting experience, including experience at a large public accounting firm and/or experience in the accounting policy team of another leading financial institution
  • Experience in policy setting and research is a strong plus
  • Advanced Degree preferred. CPA required.
  • Ability to take initiative to influence and drive results within a complex organization

Position Location: Boston

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Location

We currently have two Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

How do you collaborate with other teams in the company?

As a Product Owner, I spend most of my time collaborating with others across different business units. On any given day, I could be spending time brainstorming design concepts of upcoming features with our design team or assisting them with presenting these concepts to outside users as part of our user testing process.

Ryan

Digital Product Owner

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

Digital Lead

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Product Manager

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.
Intracompany committees
Daily stand up
Team owned deliverables
Open office floor plan
Diversity
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
Someone's primary function is managing the company's diversity and inclusion initiatives
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
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
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

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