Investment Accounting Associate

Investment Controllership Governance

Controllers Organization

Full-Time, Hybrid, Boston, MA

The Opportunity

This Investment Accountant 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 Controllership 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 the 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 a Director of Investment Controllership Governance and be a key person owning oversight of reviewing, reconciling and analyzing financial data across the insurance companies and subsidiaries, ensuring controls are conducted and exceptions resolved accurately and timely within Investment Controllership. Through the nature of this role, which involves coordinating and facilitating with multiple teams within MassMutual, you will have visibility to leadership within Controllers Organization as well as more broadly across Corporate Finance and into Investment Management.

Your responsibilities will include, among others, the following tasks:

• Reviewing, researching and resolving daily, monthly and historical exceptions across multiple security types and accounting platforms
• Analyzing and interpreting financial information, processes and controls to ensure accuracy and compliance with company policy and regulations
• Proposing resolutions to new and existing processing errors and/or deficiencies
• Collaborating with internal teams to resolve items and address investment-related issues.
• Communicating results to MassMutual’s finance leadership on a monthly basis, including any potential exposure for the Company
• Participating in problem solving to improve quality, cycle times, increase efficiency, and improve employee engagement and customer satisfaction within the Investment Controllership team
• Identifying areas of risk and/or improvement within the existing processes and controls across the investment ecosystem and making recommendations to continuously improve the end-to-end process
• Participating in and/or leading increasingly complex continuous improvement activities
• Partnering with teams, including but not limited to Securities Controllership, Investment Operations, Financial Reporting & Controls and ERM
• Actively participating in the implementation of the Company’s new ledger and other key projects
• Managing priorities effectively and adapting quickly to achieve goals while developing efficiencies in the execution of processes & controls
• Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances
• Thrives in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow

The Minimum Qualifications

• Bachelor’s degree in Accounting, Finance or related major

• 2+ years of related work experience with a track record of increasing responsibility

• 2+ years combined experience with U.S. GAAP and/or STAT

The Ideal Qualifications

• Strong oral and written communication skills
• Advanced knowledge of Excel and PowerPoint
• Strong analytical skills
• Demonstrate strong accountability and commitment
• Ability to proactively take ownership of assignments and drive them through to completion
• Intellectual curiosity to continue learning and adding breadth and depth to understanding the tasks at hand
• CPA or pursuing CPA
• Knowledge and experience of investments
• Able to build and maintain strong working relationships across cross-functional groups
• Excellent 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.
• Able to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverables
• 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 following teams: Investment Controllership, Investment Management Operations, Accounting Policy and Controls Oversight, Financial Reporting, and MassMutual’s auditor, among other teams.
• 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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Salary Range:

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.