As a Senior Tax Consultant in the Investment Tax group, you will work in a dynamic and collaborative environment supporting securities tax operations, reporting and compliance, including system and process efficiency and enhancements. The ideal candidate will have a convergent skillset of technical tax, accounting, and system proficiency, excellent communication skills, and the ability to partner effectively with tax colleagues, finance organization teams, and across the broader investment data ecosystem. This position will be responsible for the tax accounting and reporting of realized capital gains and losses for general investment account (GIA) and subsidiary securities, liaise closely with the lead colleague for GIA net investment income, and serve as primary tax person for safeguarding system data quality for securities tax processing.

The Team

As a Tax Consultant, you will be a member of the Investment Tax team within the Corporate Tax Department, part of MassMutual's 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. Team members are focused on continuous improvement and transforming the department through innovative solutions that align with the finance organization's strategic goals and initiatives.

The Impact

As a Senior Tax Consultant, you will help develop and execute Investment Tax goals and initiatives. Your responsibilities will include:

Hands-on Leader of the year-round tax reporting and compliance work for gains and losses from Securities investments of the MassMutual life insurance companies and its non-life subsidiaries.
Monitor and track tax data quality and performance of Securities tax results tracked in the Eagle processing system, including from periodic software release changes.
Participate in daily, cross-functional Eagle operating governance meetings and other meetings that discuss, analyze, and track system issues and changes in Securities across the investment data ecosystem.
Compute quarterly tax provision Statutory-to-tax differences (“Schedule M-3 adjustments), reclasses between realized capital gain (RCG) and net investment income (NII), and associated management reporting analysis.
Complete Securities-RCG processing for annual Federal tax return, including consolidation of RCGs for all investment asset classes.
Reconcile deferred tax balances for Securities investments reported on Schedule D of NAIC Statutory Annual Statement, collaborating with Securities-NII Lead.
Coordinate closely with International Tax group in the Corporate Tax Department to insure completeness and accuracy of tax compliance for Schedule D PFICs, CFCs, and foreign partnerships (“Schedule D pass-throughs”).
Cross-train with Securities-NII Lead on tax reporting and compliance work for Securities-NII in order to prevent single person dependencies, facilitate assignment flexibility, and enhance learning/development opportunities.
Identify new Schedule D pass-through investments and have them tagged in Eagle.
Prepare wash sales analysis.
Analyze transactions for tax impairments, including coordination with Barings investment analysts and related document review. Tag impairments in Eagle.
Prepare analysis involving Securities-RCG for SSAP 101 tax planning strategies.
Analyze exchange transactions to determine if taxable or non-taxable.
Analyze tax cash flows on structured securities each quarter to achieve correct processing of tax amortization in Eagle.
Stay current with tax law changes in general and impacting securities transactions.
Proactively identify and implement process improvements, increase automation, and enhance digital analytics using existing and emerging technology solutions

The Minimum Qualifications

Undergraduate degree in Accounting/Finance
Minimum of 5+ years of tax experience, preferably in public accounting or large company environments, and focused in investments

The Ideal Qualifications

Master's in Taxation, CPA, and/or Law degree highly preferred.
Education and/or experience in information systems highly desirable.
Comfortable working with investment systems platforms, a data-intensive environment, and data interfaces between ERP and tax systems
Strong understanding of tax treatments of various securities transaction types
Proficient Excel skills and workpaper organizational ability, integrating systems and analytical results
Excellent written and verbal communication skills, including the ability to effectively present complex information and conclusions clearly
General knowledge of corporate taxation to understand how investments fits into larger tax compliance, reporting and audit frameworks
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
Strong ability to utilize project management and best practices to organize and prioritize tasks
Proven ability to collaborate cross-functionally and influence outcomes

What to Expect as Part of MassMutual and the Team

An innovative, growth-oriented environment with a steady stream of interesting and challenging responsibilities
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, 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 comprehensive benefits and performance-based pay
Flexible work location policy, subject to manager approval and aligned to work requirements

#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.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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Alex Mark

Director of Migration Technology

SYNERGISTIC INNOVATION

Making finance fun, agile and innovative

To Alex Mark, ‘synergy’ isn’t a buzzword. It’s what he works to optimize as MassMutual’s director of migration technology. Whether it’s sunsetting a legacy company platform or transitioning from another organization’s tech stack through a merger or acquisition, he aims to make these shifts as synergistic as possible. Mark, who has a background in both tech and finance, said, “What makes MassMutual different in fintech is that it gives you a place to innovate.” He added, “Our agile mindset allows us to quickly pivot in the industry. The way we look at finance is fun, agile and innovative.”

The culture here is great, especially if you’re a dev or into tech — there are tons of growth resources available to you. MassMutual does a great job of serving customers while also encouraging employees to think outside the box and innovate.

Asieh Ahani

Head of Data Analytics

Personal Growth

Observing trends and solving problems

Asieh Ahani leads the data analytics team at MassMutual. Her team is constantly observing the latest industry trends so they can solve problems at scale and track the impact on the organization. Her team, she said, “is empowered to harness technology to drive data-driven decision-making.” When it comes to what sets MassMutual apart, Ahani said her team and the company overall value iterative progress for self-improvement on professional growth, wellness and work-life balance.

I joined MassMutual because the type of projects my team was working on were very interesting and aligned with my interests and expertise in leveraging data science. I stayed because I had a great career path here.

Kymberly Terry

Digital Team Lead

Diversity, Equity & Inclusion

Supporting colleagues and celebrating wins

As a digital team lead at MassMutual, Kymberly Terry knows the value of creating strong cross-functional connections in a product team. One of the best experiences with that she had, she said, was the rotating DEI discussion groups that were intentionally made up of people from different teams and weren’t led by managers. “A scrum expert could be having a conversation with a product manager from a different team. It was another way to support your colleagues and celebrate their wins and to know where they might be having challenges,” she said. “It was also a catalyst for equity.”

One of the things that I appreciate the most about being a part of my team is really the inclusive culture. It's ingrained in every aspect of not only the work that we do, but also the way we interact with each other.

What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture

Volunteer in local community

Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.

Partners with Nonprofits

Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation

Eat lunch together

Intracompany committees

Daily sync

Team owned deliverables

Team based strategic planning

Open office floor plan

Diversity

Documented equal pay policy

Dedicated Diversity/Inclusion Staff

Highly diverse management team

More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.

Unconscious bias training

Diversity manifesto

Diversity Employee Resource Groups

Hiring Practices that Promote Diversity

Health Insurance & Wellness Benefits

Flexible Spending Account (FSA)

A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.

Disability Insurance

For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf

Dental Benefits

Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).

Vision Benefits

Health Insurance Benefits

To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

Life Insurance

For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

Wellness Programs

Onsite Gym

Mental Health Benefits

Retirement & Stock Options Benefits

401(K)

In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.

401(K) Matching

Performance Bonus

Match charitable contributions

Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.

Child Care & Parental Leave Benefits

Child Care Benefits

Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.

Generous Parental Leave

Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.

Flexible Work Schedule

Flexible work arrangements, including telecommuting, are available in many departments across the company.

Family Medical Leave

Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.

Adoption Assistance

Vacation & Time Off Benefits

Generous PTO

Paid Volunteer Time

Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.

Paid Holidays

Paid Sick Days

Occasional illness: up to 5 days per calendar year.

Perks & Discounts

Casual Dress

Commuter Benefits

Game Room

Fitness Subsidies

Professional Development Benefits

Job Training & Conferences

Tuition Reimbursement

Lunch and learns