Investment Accounting Associate II - Securities

MassMutual • Boston, MA

21h

About The Position

Investments Accounting Associate II - Securities Investment Controllership Full-Time Boston, MA or 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 Investments Accounting Associate role is a newly created position that will be a key addition to our Investment Controllership team within the Controllers organization. The position reports to the Director of Securities Accounting and Controllership 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. 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 an Accounting Associate in our Investments Accounting area, you will be a key contributor on the team that manages and executes investment accounting and analysis, including oversight of financial reporting outcomes of all MassMutual investment products. 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 As a member of the Financial Controllership Team, the incumbent will be involved in shaping the future of the organization, supporting both the on-going growth and analysis within the Investment Controllership team and other key initiatives.

Requirements

• Bachelor’s degree in Accounting, Finance or related major
• At least 4 years of accounting or finance experience in a corporate environment
• Knowledge of GAAP and STAT accounting

Nice To Haves

• CPA or CFA progress towards preferred
• Knowledge and experience of investments
• Prior exposure to investments, investment accounting, subsidiary ledger processing and related investment matters a plus!
• Strong analytical skills: ability to analyze financial data sets and tell the story of the data.
• Experience in identifying internal control issues and remediation efforts
• Able to build and maintain strong working relationships across cross-functional groups
• Excellent verbal and written communication skills with the ability to express ideas and articulate in an organized and persuasive manner
• Ability to partner with business leaders and peers in investment process redesign and improvements
• Intellectual curiosity to continue learning and adding breadth and depth to understanding

Responsibilities

• Thrives in a complex corporate structure and adapts to changing circumstances.
• Plays a key role in a collaborative and inclusive culture by working closely with Investment Management.
• Actively participate in the implementation of the Company’s new ledger and other key projects.
• Collaborate with various areas of the business executing appropriate remediation.
• Performs or reviews reconciliations of investment data for ledger tie outs.
• Reviews periodic journal entries.
• Participates in creating or reviewing and analyzing monthly financial analysis reports.
• Collaborate with internal teams to resolve items and address investment-related issues.
• Responsible for ongoing activities as part of the monthly, quarterly, and annual close cycles.
• Analyze financial reports and investment data for trends and impacts to investment values and P&L activity.
• Support annual regulatory financial statement audit requests.
• Participating in problem solving to improve quality, cycle times, and increase efficiencies.
• Makes recommendations to continuously improve the overall control environment of the Securities team.
• Participate in the research and implementation of new statutory and GAAP investment accounting.

Benefits

• Regular meetings with the Financial Controllership Team
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees