Investment Accounting Manager - Securities

MassMutual • Boston, MA

2d

About The Position

Investment Accounting Manager - Securities Investment Controllership Full-Time Springfield, MA or Boston, MA This is an individual contributor role The Opportunity This Investment Accounting Manager role 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. 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. The Impact: Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow. Manages priorities effectively and adapt quickly to achieve goals while developing efficiencies and established methods in the process. Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances. Plays a key role in leading 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. Responsible for ongoing activities as part of the monthly, quarterly, and annual close cycles. Participates in creating or reviewing, analyzing, and presenting monthly financial analysis reports to senior management. Performs or reviews reconciliations of investment data for ledger tie outs. Reviews periodic journal entries. Analyze financial reports and investment data for trends and impacts to investment values and P&L activity. Support annual regulatory financial statement audit requests. Participate in auditor discussions. Uses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the team. Initiates and/or leads increasingly complex continuous improvement activities. Participating in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction within the Securities team. Makes recommendations to continuously improve the overall control environment of the securities team.

Requirements

• Bachelor’s degree
• 8+ years of related work experience with a track record of increasing responsibility
• 4+ years experience with U.S. GAAP

Nice To Haves

• CPA or CFA preferred
• STAT experience a plus
• Master’s degree preferred
• Knowledge and experience of investments
• Strong analytical skills: ability to analyze financial data sets and tell the story of the data
• Proven ability to complete high quality work efficiently and increase autonomy over time
• Experience analyzing new investments and accounting guidance to drive appropriate and preferred investment accounting and reporting across the Company and subsidiaries
• Experience with system implementations preferred
• 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

Responsibilities

• Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow.
• Manages priorities effectively and adapt quickly to achieve goals while developing efficiencies and established methods in the process.
• Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances.
• Plays a key role in leading 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.
• Responsible for ongoing activities as part of the monthly, quarterly, and annual close cycles.
• Participates in creating or reviewing, analyzing, and presenting monthly financial analysis reports to senior management.
• Performs or reviews reconciliations of investment data for ledger tie outs.
• Reviews periodic journal entries.
• Analyze financial reports and investment data for trends and impacts to investment values and P&L activity.
• Support annual regulatory financial statement audit requests.
• Participate in auditor discussions.
• Uses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the team.
• Initiates and/or leads increasingly complex continuous improvement activities.
• Participating in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction within the Securities team.
• Makes recommendations to continuously improve the overall control environment of the securities team.

Benefits

• Regular meetings with the Investment Controllership team
• Focused one-on-one meetings with your manager
• 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

What This Job Offers

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