Expense Accountant Associate II - Wealth Management

Overview

At MassMutual, our wealth management offering is more than just a suite of products—it’s a mission to empower our network of financial professionals and advisors to help clients build lasting legacies. The MassMutual Wealth Management team plays a pivotal role in helping them elevate their practices. We’re proud of our growing portfolio of investment and protection solutions, which enable them to deliver personalized, holistic guidance that spans generations.

Expense Accountant Associate II

Wealth Management Finance Team

Full Time

Springfield, MA

The Opportunity

MassMutual Wealth Management Finance is seeking a motivated Expense Accountant to own the accounting, reporting, and financial analysis for our Wealth Management organization. This role is ideal for an accounting or finance professional who is ready to automate transactional work and take true ownership of expenses for a business area, partner directly with leaders, and actively shape their career development.

You will join a high impact, collaborative finance team that supports MassMutual’s registered broker dealers and wealth management subsidiaries. In this role, you’ll be trusted to manage core expense processes end to end while also driving insights, improving controls, and modernizing reporting through automation and visualization—work that directly influences leadership decision making.

The Team

The Wealth Management Finance team sits within MassMutual’s broader Finance organization and provides accounting, expense management, reporting, financial planning, strategic insights and analytical support to one of the firm’s most strategic growth businesses. We are a lean, engaged team that values curiosity, accountability, and continuous improvement. Team members gain broad exposure across accounting, FP&A, and reporting, with meaningful interaction with senior leaders and business partners.

The Impact:

As an Expense Accountant you will be a financial owner for Wealth Management expenses—responsible not only for accuracy and control, but also for turning financial data into insights. Your work will help leaders understand cost drivers, manage costs, and make informed decisions that support the firm and its strategic objectives.

• Own the Wealth Management expense accounting, including monthly close activities, journal entries, and account reconciliations.
• Analyze monthly expense results, including trending and variance analytics, and present budget to actual reports to management and senior leaders.
• Develop and maintain annual expense budgets and monthly forecasts.
• Oversee accounts payable function and authorizations.
• Perform unit cost calculations and other analysis for various business units to identify drivers, risks and opportunities.
• Ensure compliance with U.S. GAAP, FINRA and SEC regulations, and internal controls over financial reporting.
• Respond to and fulfill audit requests from KPMG and FINRA.
• Partner with Corporate Expense to ensure accurate cost allocations.
• Build strong relationships with Wealth Management leaders and cross-functional partners to build and maintain expense forecasts
• Perform headcount forecasting and demand capacity models.
• Identify opportunities to simplify, standardize and automate expense accounting, reporting and forecasting
• Take ownership of your development by expanding technical, analytical and business acumen skills

The Minimum Qualifications

• Bachelor’s degree in accounting or related field.
• 4+ years of experience with expense accounting, including monthly close activities, journal entries & account reconciliations with a strong understanding of US GAAP
• Due to the nature of this position, as part of our background check process, candidates must be able to pass a non-registered fingerprint background check to qualify for as a fingerprint person for FINRA.

The Ideal Qualifications

• Experience supporting financial services, wealth management or broker-dealers.
• Advanced skills in Microsoft Office; experience with SAP, Anaplan, MicroStrategy, Alteryx is a plus.
• Ability to work independently, exercise sound judgment, and adhere to strict deadlines.
• Demonstrated attention to detail, analytical abilities, and problem-solving skills.
• Strong interpersonal, relationship-building, and communication skills.
• CPA or progress toward certification
• MBA in accounting or related field
• Series 27

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Wealth Management Finance Team
• 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 industry leading pay and benefits

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