Investment Accounting Associate - Securities

MassMutual • Boston, MA

2d • Onsite

About The Position

MassMutual is seeking an Investment Accounting Associate II to join its growing Investment Controllership team within Financial Controllership. This newly created role contributes to the Controllers Organization and supports investment activities across the organization. Reporting to the Director of Securities Controllership, the associate works in a collaborative environment with Finance, Investment Management, and other business teams.

The role focuses on investment accounting, financial analysis, reporting, reconciliations, close processes, and continuous improvement. It also supports implementation of the company's new general ledger, strategic initiatives, regulatory and external audit requests, and the adoption of new statutory and U.S. GAAP investment accounting guidance. The position is based in Boston, Massachusetts.

Requirements

• Bachelor's degree.
• At least 4 years of investment accounting experience with increasing levels of responsibility.
• At least 4 years of experience applying U.S. GAAP and/or STAT accounting principles.
• At least 1 year of experience using analytical skills to interpret financial data and communicate meaningful insights.

Nice To Haves

• CPA or CFA designation.
• Knowledge of statutory (STAT) accounting.
• Master's degree.
• Experience and understanding of investment products and investment accounting.
• Ability to produce high-quality work while taking on increasing ownership and responsibility.
• Experience evaluating new investments and accounting guidance to support appropriate accounting treatment and reporting.
• Experience supporting accounting or financial systems implementations.
• Ability to build strong partnerships and collaborate effectively across cross-functional teams.
• Excellent written and verbal communication skills, including the ability to communicate complex concepts to varied audiences.
• Ability to work in a fast-paced, dynamic environment while managing multiple priorities and deadlines.
• Intellectual curiosity and interest in continuous learning, growth, and professional development.

Responsibilities

• Support implementation of the company's new general ledger and other strategic initiatives.
• Perform and review reconciliations of investment data and general ledger balances to ensure accuracy and completeness.
• Review and support periodic journal entries related to investment accounting activities.
• Assist with the preparation, review, and analysis of monthly financial reports and management reporting.
• Research and resolve investment-related accounting issues with internal stakeholders.
• Contribute to monthly, quarterly, and annual close processes.
• Analyze investment and financial data to identify trends, explain results, and assess impacts on investment valuations and earnings.
• Support regulatory and external audit requests related to financial reporting and investments.
• Participate in problem-solving initiatives to improve quality, efficiency, and operational effectiveness.
• Recommend enhancements to strengthen the Securities accounting team's control environment.
• Research and support implementation of new statutory and U.S. GAAP investment accounting guidance.
• Partner with Investment Management and other business teams and contribute to a collaborative and inclusive culture.

Benefits

• Competitive salaries.
• Incentive and bonus opportunities.
• Industry-leading pay and benefits.
• Learning, development, and internal networks that support growth and skill-building.

What This Job Offers

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