Investment Accounting Associate II - Derivatives

MassMutual • Boston, MA

3d

About The Position

The Investment Accounting Associate II – Derivatives is a key representative of MassMutual’s Investment Controllership team within the Financial Controllership team in the Controllers Organization. Reporting to the Director of Derivatives Controllership, the associate works in a dynamic, agile accounting environment and collaborates across teams to deliver accurate financial information and improve outcomes. The Investment Controllership team oversees multiple asset classes and investment activities and supports growing assets, key initiatives, and special projects.

The role supports derivative accounting and controllership, including recurring monthly, quarterly, and annual close activities. The associate works closely with Investment Management and Operations during close cycles, prepares and reviews internal and external audit requests, and participates in company projects such as system improvements and implementations. The position also contributes to accounting and process improvements that enhance business value, efficiency, quality, cycle times, and controls.

MassMutual describes a collaborative, purpose-driven culture grounded in integrity, responsibility, and stewardship. Employees can expect clear areas of ownership, access to learning and internal networks, and employee-led communities and forums. The position is full-time and is listed for New York, New York, and Boston, Massachusetts. Salary range: $99,800–$131,000, with incentive and bonus opportunities described as part of total compensation.

Requirements

• Bachelor’s degree.
• At least 4 years of related work experience in investment or fund accounting, or financial reporting, with increasing responsibility.
• At least 2 years of experience with Microsoft Excel, including complex formulas, PivotTables, data analysis, and large financial datasets.
• Strong analytical skills, including the ability to analyze financial datasets and explain the data.
• Ability to complete high-quality work efficiently and increase autonomy over time.
• Ability to build and maintain strong working relationships across cross-functional groups.
• Excellent communication skills and the ability to express ideas in an organized and persuasive manner to internal and external stakeholders.
• Ability to work effectively in a dynamic, agile environment while supporting execution of priorities and deliverables.
• Intellectual curiosity and interest in continued learning.

Nice To Haves

• At least 6 years of related work experience.
• CPA, CMA, or equivalent designation.
• Experience in financial services or insurance company investment GAAP and Statutory accounting, including Schedule DB.
• Experience with investment software such as Aladdin.
• Experience with SQL or data analytics software such as Tableau and Alteryx.
• Experience analyzing new investments and accounting guidance to support investment accounting and reporting across the company and subsidiaries.
• Experience with system conversion or subledger implementation.

Responsibilities

• Support derivative accounting and controllership processes and controls.
• Perform ongoing activities for monthly, quarterly, and annual close cycles.
• Work closely with Investment Management and Operations on close cycles.
• Prepare and review internal and external audit requests.
• Participate in key company projects, including system improvements and implementations.
• Identify and implement accounting improvements that increase business value and team efficiency.
• Contribute to problem-solving efforts to improve quality, cycle times, efficiencies, and controls within Investment Controllership.
• Manage priorities and adapt to changing circumstances while developing efficiencies and established methods.
• Analyze new investments and accounting guidance to support appropriate investment accounting and reporting across the company and subsidiaries.

Benefits

• Industry-leading pay and benefits.
• Incentive and bonus opportunities as part of total compensation.
• Access to learning, development, and internal networks.
• Employee-led communities and forums that foster connection, learning, and inclusion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level