MassMutual

Investment Accountant - CECL Impairments

Reposted 18 Hours Ago

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New York NY USA

Hybrid

128K-168K Annually

Senior level

Big Data • Fintech • Information Technology • Insurance • Financial Services

We help people secure their future and protect the ones they love.

The Role

The Investment Accountant will manage Credit Accounting and Analytics focusing on CECL compliance data analysis reporting and collaboration with stakeholders to ensure accurate financial stewardship.

Summary Generated by Built In

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.
Salary Range: $128000-$168000

Top Skills

Asc 326

Cecl

Data Analytics

Gaap

Investment Accounting

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The Company

HQ: Springfield MA

6000 Employees

Year Founded: 1851

What We Do

Since 1851 MassMutual’s commitment has always been to help people protect their families support their communities and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people. Together we’re stronger.

Why Work With Us

MassMutual has the financial security and stability of a 170+ year old company with the culture and energy of a startup. We work every day with the customer front of mind to build the best digital experience in the industry.

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Hybrid Workspace

Employees engage in a combination of remote and on-site work.

We believe in capitalizing on the best of being together in our offices as well as personal flexibility. Our workplace philosophy puts office collaboration first combined with flexibility to work remotely.

Typical time on-site: 3 days a week