US-MA Springfield, TAX ACCOUNTANT, Massachusetts Mutual Life Insurance Company 0917
FEATURED COMPANY: Massachusetts Mutual Life Insurance Company
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Position: TAX ACCOUNTANT
Date: June 9, 2008
JOB #0917
Location: Springfield, MA
Status: Full-time

DESCRIPTION:  TAX ACCOUNTANT 

COMPANY:

Founded in 1851, Massachusetts Mutual Life Insurance Company is the center of the MassMutual Financial Group, a diversified financial services organization.  More than 27,000 employees and representatives serve nearly 13 million clients with a broad portfolio of products and services including life insurance, mutual funds, money management, trust services, retirement planning products, annuities, disability insurance and long-term care insurance. Key subsidiaries include OppenheimerFunds, a leading mutual fund family; Babson Capital Management, a provider of investor services; and Cornerstone Real Estate Advisers, which offers real estate equities.  MassMutual’s products are distributed through 1,500 U.S. offices and through affiliated financial institutions, brokerages, and accountants around the world.  As a global diversified financial services organization, MassMutual Financial Group balances its U.S.-based operations with a growing presence overseas. These global businesses provide excellent opportunities to complement MassMutual's long-established operations in the United States.  MassMutual International leads our sales activities worldwide - including the regions of Asia, Europe and Latin America.  The MassMutual Financial Group companies have the experience and disciplined financial expertise required by today’s sophisticated individual, corporate and institutional investors.  In total, MassMutual has $505 billion in assets under management at year end 2007. Premium and other deposits totaled $29.4 billion in 2007.  MassMutual is organized as a mutual company.  It recently ranked number 90 in the Fortune 500 and was also named one of Fortunes “Most Admired” companies.  MassMutual’s headquarters is in Springfield, Massachusetts. 

DEPARTMENT:

Corporate Financial Group 

JOB RESPONSIBILITIES

Financial Reporting

-Assist in the preparation of MassMutual GAAP and Statutory quarterly provisions including tax adjustments for deferred acquisition costs, life reserves, general expenses and non-qualified separate accounts; analysis of prior year return to provision effect; preparation of GAAP and Statutory footnote disclosure.  

Federal Returns

-Prepare assigned portions of MassMutual federal income tax return, including tax adjustments for deferred acquisition costs, life reserves, general expenses and non-qualified separate accounts. Complete separate return work papers for assigned entities. 

State Returns

- Coordinate annual state income tax information request.  Prepare separate company state income tax returns as assigned. Prepare unitary state returns and estimated tax payments.  

Federal & State Audits

-Assist with federal income tax audit activity as assigned. Assist with state income tax audit activity as assigned.  

Special Projects - complete special projects as assigned.  

REQUIREMENTS

Analytical - strong analytical skills with the ability to effectively identify and communicate potential tax planning opportunities or exposure areas to management.  

Knowledge - ability to interpret and implement federal and state tax statutes, regulations, and administrative guidance.  

Problem Solving - ability to work independently with minimal supervision. Request assistance in a timely manner.  

Communication - strong written and verbal communication skills. Ability to deal effectively with peers, as well as with other levels and areas of the organization.  

Technology - strong computer skills, including advanced knowledge of Excel and working knowledge ERP-type reporting systems such as SAP. Oracle or PeopleSoft.  

Education - Bachelors degree in accounting preferred. Advance degree in Taxation a plus.  

Work Experience - 5 to 8 years experience in a multi- state corporate tax environment or life insurance financial reporting position. Insurance taxation experience is a plus. 

CRITICAL COMPETENCIES FOR SUCCESS: 

Focus on the Customer. Know your customers well; add value with a level or urgency.           

Act with Integrity: Adhere to strict code of ethics and MassMutual values; be trustworthy. 

Value People. Lead people to success; appreciate diverse ideas and experiences.  

Work Collaboratively.  Partner with others to achieve results that leverage the right resources 

Achieve Results. Focus on winning; consistently exceeds expectations. 

COMPENSATION: 

We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).

COMPANY CONTACT INFORMATION:

Angela Varriale
Hr Consultant/ Executive Recruiter
MassMutual
avarriale@massmutual.com