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Investment Tax Specialist (Hybrid or Remote - US) at MassMutual

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Senior Investment Tax Specialist 

Corporate Tax Department


Remote, Boston, MA or Springfield, MA

*This position can be Remote in the U.S. with travel once per quarter to MA*

The Opportunity

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


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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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.

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.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Employee awards
Flexible work schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
Documented equal pay policy
Dedicated diversity and 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.
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
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
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision insurance
Health insurance
To learn more about our Health and Welfare Benefits please visit:
Life insurance
For more information about our Life Insurance Benefits please visit:
Pet insurance
Wellness programs
Team workouts
Mental health benefits
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel.
Financial & Retirement
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
Charitable contribution matching
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.
Pay transparency
Child Care & Parental Leave Benefits
Childcare 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.
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
Company sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
Fertility benefits
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
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.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
320 hours of caregiver leave to take of loved ones when it matters most.
Office Perks
Commuter benefits
Free daily meals
Free snacks and drinks
Some meals provided
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Virtual coaching services

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit:

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