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Accounting Manager- Broker Dealer Finance

Company: MassMutual
Location: Springfield
Posted on: May 12, 2022

Job Description:

The Broker-Dealer Finance team provides accounting and finance support and oversight to MassMutual's home office registered broker-dealers and corporate investment advisors, including MassMutual's growing retail broker-dealer, MML Investors Services, LLC ("MMLIS"), which had customer assets of over $250 billion as of 12/31/2021.To help us achieve our mission, we are hiring an Accounting Manager to join our team in MassMutual's Corporate Finance division, reporting to the Head of Broker-Dealer Finance.What great looks like in this role
Our ideal candidate is an experienced finance and accounting professional with prior wealth management experience with an insurance affiliated or independent broker-dealer. You'll use your skills to lead and develop a team of accounting professionals in closing the books for MMLIS and other related entities. You and your team's work will keep these entities in compliance with regulatory and internal requirements. You're also someone who will build effective working relationships with operational, product and corporate partners.Objectives of this role

  • Maintain an effective internal control environment
  • Effective manage the capital of these regulated entities
  • Maintain compliance with SEC regulations and FINRA rules
  • Manage the monthly close cycle
  • Manage a team of 6 direct reportsDaily and monthly responsibilities
    • Manage, direct and coordinate the following functions:
      • Monthly closes and consolidations
      • Preparation of internal & external financial statements and close analysis
      • Regulatory filings (FOCUS reports, SIPC reports, etc.)
      • Weekly and monthly reserve computations and compliance
      • Regulatory net capital computation and compliance
      • Account reconciliations and G/L verifications
      • Daily recording of cash receipts and disbursements
      • Intercompany management fees
      • Other broker-dealer accounting responsibilities as assigned
      • Recommend, implement and administer accounting policies, procedures and internal controls
      • Direct the team's coordination with corporate Treasury and corporate Tax
      • Effectively manage capital and liquidity
      • Supervise year-end audit and regulatory exam support
      • Lead the team in providing project, product and business support
      • Collaborate with the reporting & analysis team to provide assistance with monthly reporting deliverables and receive assistance with monthly accounting deliverables
      • Develop team financial talent and bench-strength and manage employee development and trainingBasic qualifications
        • Bachelors and/or Masters degree in Accounting
        • Well-versed in GAAP accounting
        • 10 plus years of related work experience
        • Prior experience leading an accounting team
        • Strong internal control skills
        • Ability to adhere to strict deadlines for monthly closes and regulatory reporting
        • Ability to manage complex financial, reporting and regulatory matters or processes
        • Ability to develop, establish, and operate financial policies and proceduresPreferred qualifications
          • Series 27 Securities License (Financial and Operations Principal) preferred or must obtain within six months of hire
          • CPA or public accounting experience preferred
          • Prior experience with an insurance-affiliated or independent broker-dealer preferred#LI-CR37#LI-Hybrid
            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.

Keywords: MassMutual, Springfield , Accounting Manager- Broker Dealer Finance, Accounting, Auditing , Springfield, Massachusetts

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