Investment Accounting Manager - GovernanceInvestment ControllershipFull-Time/Boston, MA or Springfield, MAThis is an individual contributor roleThe TeamThis 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 OpportunityThis Investment Accounting Manager role is key to our Investment Controllership 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 ImpactIn 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. The role also includes analyzing financial data across insurance companies and subsidiaries, ensuring controls are 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. We are looking for someone who manages priorities effectively and adapts quickly to achieve goals while developing efficiencies and established methods in the process. It is paramount that this individual has a strong ability to work with large and complex data sets, with advanced proficiency in Excel and other modern data and analytics technologies.
Your responsibilities will include a combination of the following tasks:
- Partner with teams, including but not limited to Securities Controllership, Alternative Investments, Derivatives, Investment Management Operations, Treasury, PMO and ERM.
- Actively participate in the implementation of the Company's new ledger and other key projects.
- Participates in creating or reviewing, analyzing, and presenting monthly financial analysis reports to senior management.
- Conduct thorough research, analysis, and retrieval of data to ensure accurate and timely preparation, review and maintenance of complex account reconciliations.
- Identify and reconcile differences within established investment and accounting systems using critical analysis skills.
- Propose resolutions to new and existing processing errors and/or deficiencies
- Analyze and interpret financial information to ensure accuracy and compliance with company policy and regulations.
- Prepare and maintain complex account records with meticulous attention to detail.
- Collaborate with internal teams to resolve items and address investment-related issues.
- 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 Investment Controllership team.
- Makes recommendations to continuously improve the overall control environment.
The Minimum Qualifications- Bachelor's degree
- 6+ years of experience working in investment or insurance accounting
- 6+ years experience with U.S. GAAP and/or STAT
The Ideal Qualifications- CPA or CFA preferred
- Master's degree preferred
- Knowledge and experience of investments
- Advanced knowledge of Excel, PowerPoint, Alteryx, Power BI
- 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
- 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, staff, regulatory bodies, 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
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
- 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
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Salary Range:$128,000-$168,000
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
