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MassMutual · 2 months ago

Investment Accounting Tax Manager - Special Projects & Strategic Initiatives

NEW YORK, NY

Full-time

Hybrid

Senior Level

6+ years exp

MassMutual is a leading financial services company, and they are seeking an Investment Accounting Tax Manager to join their Investment Tax group. This role focuses on supporting securities tax operations, enhancing processes, and collaborating on projects related to various investment types, ensuring accurate tax outcomes and maintaining a reliable control environment.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Monitor and track tax data quality and performance of securities tax results tracked in the Eagle processing system and compare to general ledger results

Participate in daily, cross-functional Eagle operational governance meetings and other discussions that analyze and track system issues and changes in securities across the investment data ecosystem

Participate in testing of Eagle software upgrades to ensure changes are applied accurately and existing software continues to operate as intended

Ensure accurate tax basis is maintained for investments tracked in Eagle and accurate rules are applied as intended to exception situations

Understand and analyze differences between the tax basis and Statutory or GAAP basis of accounting for various investment types

Assist in reviewing new investment transactions for securities, partnerships, LLCs, and derivatives to determine correct tax treatment and how to efficiently operationalize

Assist in executing various tax internal controls for investments

Reconcile deferred tax balances for securities investments, collaborating with the securities tax operations team

Assist in preparing wash sales analysis

Assist in maintaining tax planning strategies involving investments

Assist in analyzing exchange transactions to determine if taxable or non-taxable

Assist in analyzing tax cash flows on structured securities to achieve correct processing of tax amortization in Eagle

Stay current with tax law changes in general and impacting investments

Proactively identify and implement process improvements, increase automation, and enhance digital analytics using existing and emerging technology solutions

Qualification

Tax experienceAccounting knowledgeEagle processing systemBusiness intelligence applicationsExcel proficiencyFinancialAccounting SystemsCommunication skillsProject managementDetail-orientedCollaboration skills

Required

Undergraduate degree in Accounting/Finance or related field

6+ years of tax experience, preferably in public accounting or financial service environments

Preferred

Master' degree in Taxation and/or CPA a plus

8+ years of tax experience, preferably in public accounting or large financial services environments

Experienced tax and accounting technical knowledge, including tax code and regulations and GAAP accounting under ASC 740. Experience with Statutory Accounting Principles a plus

Education and/or experience utilizing business intelligence applications, such as Alteryx, highly desirable

Comfortable working with investment systems platforms, a data-intensive environment, and data interfaces between ERP and tax systems

Understanding of tax treatments of various securities transaction types

Experience with tax transactions, accounting and reporting for investment types other than securities, including partnerships, LLCs, real estate debt and equity, derivatives

Proficient Excel skills and workpaper organizational ability, integrating systems and analytical results

Excellent written and verbal communication skills

General knowledge of corporate taxation to understand how investments fit into larger tax compliance, reporting and audit frameworks

Some experience with U.S. tax aspects of non-U.S. transactions, issues, and reporting (e.g. PFICs, CFCs, foreign partnerships, foreign disregarded entities, withholding taxes)

Experience with large, multidisciplinary projects that impact tax (e.g., ERP implementations, tax co-sourcing engagements, finance transformations)

Conversant in Financial and Accounting Systems, such as SAP

Ability to identify issues and recommend effective solutions

Extremely organized, detail-oriented, and demonstrated ability to effectively prioritize and multi-task in a continually evolving environment

Ability to utilize project management tools and best practices to organize and prioritize tasks

Proven ability to collaborate cross-functionally and influence outcomes

Exhibits intellectual curiosity to seek and broaden knowledge and understanding beyond the core responsibilities of the position

Benefits

Continual learning opportunities for the self-motivated contributor, supported by learning and development materials and opportunities.

Regular meetings with the Investment Tax team and cross-functional workgroups.

Focused one-on-one meetings with your manager.

Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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 comprehensive benefits and performance-based pay.

Flexible work location policy, subject to manager approval and aligned to work requirements.

Company

MassMutual

Glassdoor3.9

MassMutual is a mutual life insurance company that provides investment management and trust services.

Founded in 1851

Springfield, Massachusetts, USA

5001-10000 employees

https://www.massmutual.com/

H1B Sponsorship

MassMutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (96)

2024 (94)

2023 (66)

2022 (115)

2021 (121)

2020 (73)