Mutual Opportunities
Investment Accountant - CECL Impairments
New York, New York
Thank you to our employees for voting us one of the top places to work in Massachusetts for seven consecutive years!
Overview
Finance and Accounting is at MassMutual’s core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.
Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.
Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies ‘together we move forward.’
“At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don’t have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We’re looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you’ll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo.”
Job Description
Investment Accountant - CECL Impairment
Investment Controllership
Full-Time
New York, NY
The Opportunity
The Investment Accountant – CECL Impairment in the Controllers Organization of Corporate Finance, you will join us as we continue our progress towards becoming 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 be a key SME on the team that manages and executes Investments Credit accounting and analysis for the entire MassMutual portfolio of $300B+, including oversight of reporting. You will thrive in a highly dynamic and agile investment environment, where we are focused on both execution and improvement of outcomes. If you want to continue your career as a part of a diverse team of highly motivated professionals who are focused on driving process improvement, meaningful analysis and control execution for insurance accounting activities, this role is for you!
The Team
As a member of the Financial Controllership Team, the incumbent will be involved in shaping the future of the organization, supporting both the on-going growth and analysis within the Investment Controllership team and other key initiatives.
The Impact
As an Investment Accountant – CECL Impairment within the CFO division, you will lead and manage Credit Accounting and Analytics, delivering accurate, timely, and insightful analysis, accounting, and reporting from a credit risk perspective across the enterprise investment portfolio. This portfolio primarily includes fixed income securities, as well as significant allocations to alternatives, equity, derivatives, and other investment types. You will support quarterly and annual close cycles through effective planning, monitoring, and issue resolution. The role has end‑to‑end responsibility for credit‑related activities, including quarterly impairment analysis, CECL, matrix assessments, model evaluation, and detailed review of investment documentation. You will ensure the accuracy, completeness, and transparency of credit risk data and provide high‑quality reporting to senior management, internal and external auditors, and other stakeholders, in full compliance with applicable accounting standards.
This includes monitoring and governance, oversight, process change and transaction controls, including those executed by third parties that provide accounting services to the Company. You will also contribute to various initiatives focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in investment product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:
- SPOC & SME for all credit and matters related to the Investment portfolio
- Collaboration with Investment Management, ERM, Investment Operations, Reporting, Internal & External auditors and other stakeholders and provide timely, accurate, complete & insightful data analysis, reporting & presentation
- SME and key lead for Credit & CECL committees including presentation of quarterly, annual reporting and ad-hoc analysis
- Review of key work papers and reports including, impairment assessment framework, watchlist maintenance, default & credit analysis & related accounting, disclosures & reporting etc.
- Review of CECL model input, output and implement comprehensive data analytics framework, controls and related accounting, disclosures & reporting etc.
- Lead team for timely and accurate monthly / quarterly accounting closes tasks
- Monitors, market, industry and peers’ trends and overall macro environment
- Lead and participate in re-engineering & improvement projects for Credit & Reporting
The Minimum Qualifications
- 5+ years of experience in credit, accounting, with focus on Fixed income assets class
- 2+ years of in-depth experience in credit/, from insurance or large fixed income manager
- 2+ years of experience with CECL (ASC 326)
- Bachelor’s degree in finance or business or related field.
The Ideal Qualifications
- CPA or CFA preferred
- Experience with Big 4 Accounting firms or accounting system vendors
- Understanding of GAAP and STAT treatment for impairments and related accounting guidance from FASB and NAIC
- Experienced with Data Analytics, big data, trends with presentation and reporting
- Experienced with credit risk & models, methodologies and best practices
- Candidate must have advanced data management skills and through understanding of data flow & transactions cycle of fixed income security from trade to reporting, distress & recovery analysis
- Strong interpersonal and communication skills with emotional intelligence are essential
- Independent, self-motivated, detail-oriented and able to multi-task, sound judgement to deal with and manage conflicting priorities
- Cohesive, concise and clear communication and presentation style with ability to adapt & change
What to Expect as Part of MassMutual and the Team
Regular meetings with the Investments Accounting Team
Focused one-on-one meetings with your manager
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.
#LI-CR37
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $128,000-$168,000
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 85% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say the work they do at MassMutual is meaningful - 85% of employee respondents say they feel encouraged to come up with new and better ways of doing things
*Source: 2025 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Candy
Marketing Consultant
Atsam
Head of Advisor/Client Experience & Business Excellence
Erica
Head of Procurement
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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