Investment Accounting Associate – Governance

Investment Controllership Governance

Full-Time

Boston, MA or Springfield, MA

Multiple openings

The Opportunity

This Investment Accountant Associate role is a newly created position that will be a key addition to our Investment Controllership Governance team. The position reports to the Director of Investment Operational Accounting Governance and resides within the Financial Controllership team, a critical team within the Controllers Organization which aspires to be best in class financial stewards for MassMutual. This is an opportunity for an individual who thrives in a highly dynamic and agile accounting environment to collaborate across teams focused on solid execution and improving outcomes. We are seeking an accounting professional who wants to join a highly motivated team of professionals focused on proactively driving the development and execution of process improvements, meaningful analysis and improved coordination with the business partners for investment activities.

The Team

This recently formed team is responsible for ensuring the integrity of the accounting information received from the Investment Operations securities system. This team is highly focused on the control environment supporting this purpose. To this end, the team works closely with its critical partners, Investment Operations and Investment Controllership. The team looks to leverage technology and resource opportunities to ensure an efficient and effective approach to maintaining and improving these processes and controls.

The Impact

In this role you will work with the Director of Investment Operational Accounting Governance and be a key person owning oversight of reviewing, reconciling and analyzing key financial data on behalf of Investment Controllership. Role may also include analyzing financial data across insurance companies and subsidiaries, ensuring controls and conducted and exceptions resolved accurately and timely.  Through the nature of this role, which involves coordinating and facilitating with our team of external consultants and internal business partners at MassMutual, you will have high visibility to leadership within Controllers Organization as well as more broadly across Corporate Finance and Investment Management.

Your responsibilities will include a combination of the following tasks:

Coordinate with Securities, Alternative Investments & Derivatives Controllership and Investment Operations to analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy, regulations and other best practicesCoordinate and review the aging analysis of suspense activity completed by our team of external consultants.Communicate aging results to MassMutual’s finance leadership on a quarterly/monthly basis, including any potential exposure for the CompanyAssist in resolving issues related to our open investment payable/receivable balances, including coordinating with our Investment Operations team to clear aged balances.Review balance sheet and income statement reconciliations, including analysis of our net unreconciled exposure on a monthly/quarterly basis.Review, research and resolve daily, monthly and historical exceptions across multiple security types and accounting platformsAnalyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy and regulationsPropose resolutions to new and existing processing errors and/or deficienciesCollaborate with internal teams to resolve items and address investment -related issuesIdentify areas of risk and/or improvement within existing processes and controls across the investment ecosystem and make recommendations to continuously improve the overall control environment.Thrive in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and growManage priorities effectively and adapt quickly to achieve goals while developing efficiencies and establishing methods in processes & controlsThrive in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstancesPartner with teams, including but not limited to Securities Controllership, Investment Operations, Financial Reporting & Controls and ERMActively participate in the implementation of the Company’s new ledger and other key projectsInitiate and/or lead increasingly complex continuous improvement activitiesParticipate in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction within the Investment Controllership team

The Minimum Qualifications

Bachelor’s degree in Accounting, Finance or related major4+ years of related work experience with a track record of increasing responsibility4+ years combined experience with U.S. GAAP and/or STAT

The Ideal Qualifications

Knowledge of and experience with investments4+ years of significant audit-related experience (external or internal)CPA or progress towardsAdvanced knowledge of Excel and PowerPointStrong analytical skillsProven ability to complete high quality work efficiently and increase autonomy over timeExperience with and knowledge of US GAAP and Statutory accounting/reportingAble to build and maintain strong working relationships across cross-functional groupsDemonstrate strong accountability and commitmentAbility to proactively take ownership of assignments and drive them through to completionExcellent verbal and written communication skills with the ability to express ideas in and articulate in an organized and persuasive manner to leadership, and staff, etc.Intellectual curiosity to continue learning and adding breadth and depth to understanding

What to Expect as Part of MassMutual and the Team

Regular meetings with the Investment Controllership teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour 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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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. EEO Statement (Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range: $99,800.00-$131,000.00