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 practices Coordinate 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 Company Assist 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 platforms Analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy and regulations Propose resolutions to new and existing processing errors and/or deficiencies Collaborate with internal teams to resolve items and address investment -related issues Identify 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 grow Manage priorities effectively and adapt quickly to achieve goals while developing efficiencies and establishing methods in processes & controls Thrive in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances Partner with teams, including but not limited to Securities Controllership, Investment Operations, Financial Reporting & Controls and ERM Actively participate in the implementation of the Company's new ledger and other key projects Initiate and/or lead increasingly complex continuous improvement activities Participate 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 major 4+ years of related work experience with a track record of increasing responsibility 4+ years combined experience with U.S. GAAP and/or STAT
The Ideal Qualifications
Knowledge of and experience with investments 4+ years of significant audit-related experience (external or internal) CPA or progress towards Advanced knowledge of Excel and PowerPoint Strong analytical skills Proven ability to complete high quality work efficiently and increase autonomy over time Experience with and knowledge of US GAAP and Statutory accounting/reporting Able to build and maintain strong working relationships across cross-functional groups Demonstrate strong accountability and commitment Ability to proactively take ownership of assignments and drive them through to completion 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. 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 team Focused one-on-one meetings with your manager Access to mentorship opportunities Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, 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
MassMutual is an equal employment opportunity employer. We welcome all persons .
If you need an accommodation to complete the application process, please Apply and share the specifics of the assistance you need.
