Investment Accounting Associate - Strategic Programs

Investments and Corporate Subsidiaries Controllership - Strategic Programs

Controllers Organization of Corporate Finance

Full-Time

Boston, MA & Springfield, MA

About the Corporate Controller Organization:

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise’s actual results, forecast implications and strategic decision making.  This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.

We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities.  We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.

The Opportunity

This Investment Accountant role is a newly created position that will be a key addition to our Investment and Corporate Subsidiaries Controllership team.   You will join us as we continue our progress towards becoming best in class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it.  As a senior accounting associate, you will be an experienced accounting professional who wants to work with a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for investment and corporate subsidiaries accounting activities.

This work schedule is a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office, at our Boston, MA and Springfield, MA locations.

The Team

The Investment and Corporate Subsidiaries Controllership team is a high-profile team in the Controllers organization, comprised of accounting professionals who oversee our various asset classes investment activities and subsidiary activities. The team continues to grow in support of our growing level of assets, key initiatives and special projects. Our team is driven to provide timely and accurate financial information to our customers. We pride ourselves on working with agility and being a reliable source of information in the organization. while continuously improving how we work together as a team to make our processes better. Our culture thrives on inquisitive approaches to our work to help identify issues with specificity and demonstrate high levels of accountability to make things right.

MassMutual is seeking a candidate to plan and lead the execution of various strategic programs across the Investments and Corporate subsidiaries teams, which entails ensuring proper design, implement and test of new systems and processes to achieve data quality and operational efficiencies. This position will also support continued process enhancements related to achieving an accelerated close that produces timely, accurate and complete investment accounting results in an efficient manner.  All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

The Impact:

Thrives in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and growPlays a key role in creating a collaborative and inclusive culture by working closely on projects with Investment Management Operations, Investment Managers and other Controllers teamsDrive the participation and assist the execution of various cross-functional projects from the Investment and Corporate Subsidiaries team's perspectiveResponsible for accounting research on appropriate process design for complex investments and subsidiaries transactionsParticipate in process re-design as a result of the increased complexity in our investment strategies and advanced need of analytics for quarterly investments accounting resultsAssisting the effort of investment accounting support for data quality requirements and process enhancements to ensure appropriate GAAP and STAT accounting and reportingDrive and assist the plan, execution and testing of general ledger and sub ledger system transformation projects from the Investments and Corporate Subsidiaries Controllers perspectivePartner with the Investment Middle Office on design of data governance and operational processes in the Investment ecosystem that supports the investments accounting and controllership activitiesMakes recommendations to continuously improve the overall control environment and specific control activities over investments and subsidiaries accountingPerform frequent ad hoc analysis and assist with special projects, as requestedUses professional insight to identify and assist in implement accounting improvements that increase the business value and efficiency of the teamParticipating in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction

The Minimum Qualifications:

4+ years of relevant experience in Investment and/or Subsidiaries Accounting/Operations/Reporting/Auditing with a foundational understanding of the upstream processes and impacts to downstream accounting and ControllershipBachelor’s degree in Accounting or Finance

The Ideal Qualifications:

Experience in successful process redesign from system enhancements and conversionCPA, CFA or equivalent designationsExperience in investment GAAP accountingExperience in insurance company Statutory accountingExperience with different investment types and structuresExperience with data analytics and automationExperience with investment operationsExperience with project managementPro-active, detail oriented, deadline driven; possess excellent documentation and analytical skillsResults oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervisionExcellent written and oral communication skillsAble to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverablesAble to build and maintain strong working relationships across cross-functional groups

What to Expect as Part of MassMutual and the Team

Regular meetings with the cross-functional project teamsFocused one-on-one meetings with your managerAccess to mentorship opportunities Networking 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

#LI-CR37

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