Mortgage Accounting Associate II
Company: MassMutual
Location: Worcester
Posted on: November 14, 2023
|
|
Job Description:
Mortgage Accounting Associate II
Full-Time
Boston, MA or Springfield, MA
The Opportunity
As an Accounting Associate II in our Investments Accounting area,
you will contribute to our impact by ensuring the accurate, timely
completion of monthly, quarterly and annual accounting close cycles
for our residential mortgage loan asset classes. You will
contribute to the completion of the investment accounting of
financial transactions ensuring accuracy and compliance with
accounting regulations. This includes the 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
initiative work 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. For the residential mortgage loan investment area, your
daily/monthly responsibilities will include, but are not limited to
the following:
The Team
The Investment Controllership team is a high-profile team in the
Controllers organization, comprised of accountants who oversee our
various asset classes and investment activity. The team continues
to grow in support of our growing level of assets, key initiatives
and special projects. Our team has 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 by working together as team to make each other
and our processes better. Our culture thrives on inquisitive
approaches to our work to help identify issues with specificity and
demonstrate high levels of accountability to make things right.
The Impact
Responsible for ongoing activities as part of the monthly,
quarterly, and annual close cycles.
Prepares accounting information such as financial statements,
footnote schedules, regulatory reports and other management
reports.
Plays a key role in a collaborative and inclusive culture by
working closely with Investment Management.
Analyze trends and results, use strong business acumen and
communication skills collaborating with peers and the financial
reporting team to draft and contribute to commentary which enables
readers to quickly understand how performance is impacting
financial results.
Perform reconciliations of investment data for ledger tie outs.
Prepare periodic journal entries.
Participates in creating, analyzing, and presenting monthly
financial analysis reports to senior management.
Support annual regulatory financial statement audit requests.
Participate in auditor discussions.
Thrives in an environment whereby the team is inspired, engaged and
motivated by identifying opportunities to learn and grow.
Manages priorities effectively and adapt quickly to achieve goals
while developing efficiencies and established methods in the
process.
Uses professional insight to identify and implement accounting
improvements that increase the business value and efficiency of the
team. Initiates and/or leads increasingly complex projects and
continuous improvement activities that may span beyond the scope of
the team's responsibilities.
Implements new statutory and GAAP investment accounting
requirements and determines the accounting process for new
investments and investment related transactions.
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 environment of investment
accounting, including accounting performed by vendors. Ensures
policies and procedures are adhered to.
Actively participate in the implementation of the Company's new
ledger.
The Minimum Qualifications
Bachelor's degree in Accounting, Finance or related major
4+ years of related work experience with a track record of
increasing responsibility
The Ideal Qualifications
Prior exposure to investment or mortgage accounting a plus!
CPA or progress towards preferred
Knowledge of STAT and GAAP accounting
Strong analytical skills: ability to analyze financial data sets
and tell the story of the data.
Proven ability to complete high quality work efficiently and
increase autonomy over time.
Able to build and maintain strong working relationships across
cross-functional groups and third parties.
Excellent verbal and written communication skills with the ability
to express ideas in and articulate in an organized and persuasive
manner to leadership, staff, third parties, etc.
Able to work well in a dynamic and agile environment.
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 Investments 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
#LI-BO1
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.
Keywords: MassMutual, Worcester , Mortgage Accounting Associate II, Accounting, Auditing , Worcester, Massachusetts
Click
here to apply!
|