Mutual Opportunities
Investment Tax Senior Associate
New York, New York; Boston, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five 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 Tax Senior Associate
Full-Time
New York, NY or Boston, MA
The Opportunity
The Investment Tax Senior Associate will prepare, review, and improve US income tax provision calculations and documentation, and maintain quarterly tax adjustments, tax basis, and deferred tax assets/liabilities for assigned entities and investment portfolios. The Investment Tax Senior Associate utilizes knowledge of ASC 740, tax accounting for investments and financial products, and will support the Tax Department’s initiatives to develop and enhance automated solutions.
The Team
As an Investment Tax Senior Associate, you will be a member of the Investment Tax team within the Corporate Tax Department, part of our Controllers Organization. The Corporate Tax Department is comprised of high-performing, collaborative, and agile tax professionals who are motivated by challenging work that delivers sustained value and a culture of accountability.
The Impact
- Develop and maintain Tax subject matter expertise in relevant investment areas such as fixed maturity and equity securities, mortgages, real estate, joint ventures, and derivatives.
- Understand the complex nuances between book and tax accounting and reporting for assigned Investment areas and entities, present and explain in basic terms.
- Prepare and review US income tax provision and projections, ensure documentation is properly maintained.
- Liaise with and collaborate with others in Tax Department, including Tax counsel, to support tax controversy, transactions, special projects, tax return preparation and review.
- Collaborate and communicate well with other team members.
- Utilize existing technology and contribute towards continuous improvement efforts to automate processes, increase efficiency, and provide quality solutions.
- Communicate and present results to Senior Tax Management effectively, using concise summaries and recommendations.
- Research and document tax issues, as required.
The Minimum Qualifications
- Bachelor's degree in Accounting/Finance or related field
- 4+ years of tax experience from public accounting or financial services
- 1+ years of income tax provision experience
The Ideal Qualifications
- Tax accounting for derivatives or securities (fixed income debt) and/or experience.
- 3+ years of experience in one or more of the following key areas: Corporate income tax provision and/or return preparation and review, Partnership tax experience, Public accounting or consulting firm, working as a dedicated Tax professional
- Tax Accounting experience and working knowledge of the following industries: Insurance, Banking, Lending, Financial Institution, Private Equity, Hedge Fund, Real Estate, REIT
- Demonstrates knowledge in ASC740 accounting for income taxes, and Statutory accounting
- Proficient with MS Excel, Word, and PowerPoint.
- Successful problem-solving and analytical skills
- Self-motivation and critical thinking
- Seeking to enhance knowledge through technical reading, continuing education, and other means
- Experience in navigating and managing the financial close process
- Excellent interpersonal skills including the ability to work with professionals from varying backgrounds and cultures
- Experience using business intelligence tools such as Alteryx
- Passion for leveraging technology and exploring new technology solutions
- Ad hoc support for special projects and initiatives
- Ability to perform under time constraints and meet deadlines; strong sense of urgency
- Review your work and that of others for quality, accuracy and relevance
- Ability to identify issues and offer solutions and recommendations
What to Expect as Part of the Team
- Regular meetings with the Investment Tax 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
#LI-CR37
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.
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: $88,300.00-$115,900.00
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*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 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.
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.
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.
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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