MassMutual

Investment Accountant - Audit & Controls Oversight

Investment Controllership Governance

Controllers Organization

Full-Time

Boston, MA or Springfield, MA

The Opportunity

This Investment Accountant role is a newly created position that will be a key addition to our Investment Controllership Governance team. The position reports to the Head of Investment Controllership 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. You will be responsible for coordinating audit activities on behalf of investment controllership and reporting progress to senior leadership, while also overseeing the control environment for investment controllership.

The Team

This recently formed team is responsible for the 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 Impact

In this role you will work with the Head of Investment Controllership Governance and be a key person owning oversight of the external audits, including the insurance companies and subsidiaries, and controls on behalf of Investment Controllership. Through the nature of this role, which involves coordinating and facilitating with the external auditors and within MassMutual, you will have high visibility to leadership within Controllers Organization as well as more broadly across Corporate Finance and into Investment Management.

Your responsibilities will include, among others, the following tasks:

• Engaged in audit planning and oversight, including subsidiary audits
• Understand and maintain periodic audit status against milestones
• Review periodic budget-to-actual status overall, and by audit area
• Engage in periodic meetings with audit area owners to understand any issues and resolutions
• Maintain & enhance internal SharePoint Site for dissemination of information to audit stakeholders
• Drive annual efforts to debrief and continuously improve the audits
• Oversee the design of processes and controls on behalf of Investment Controllership, ensuring appropriate documentation and coordinating the testing of operating effectiveness
• Challenge existing processes and controls across the investment ecosystem and make recommendations to continuously improve the overall control environment.
• Thrives in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow
• Manages priorities effectively and adapts quickly to achieve goals while developing efficiencies and establishing methods in processes & controls
• Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances
• Partner with teams, including but not limited to Securities Controllership, Investment Operations, Financial Reporting & Controls and ERM
• Actively participate in the implementation of the Company’s new ledger and other key projects
• Analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy and regulations
• 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

The Minimum Qualifications

• Bachelor’s degree in Accounting, Finance or related major
• 6+ years of related work experience with a track record of increasing responsibility and a significant portion audit-related (external or internal)
• 6+ years combined experience with U.S. GAAP and/or STAT

The Ideal Qualifications

• CPA preferred
• Knowledge and experience of investments
• Strong oral and written communication skills
• Demonstrate strong accountability and commitment
• Ability to proactively take ownership of assignments and drive them through to completion
• Intellectual curiosity to continue learning and adding breadth and depth to understanding the tasks at hand
• 8+ years of professional experience with a significant portion audit-related (external or internal)
• Proven ability to complete high quality work efficiently and increase autonomy over time
• Experience with and knowledge of US GAAP and Statutory accounting/reporting
• 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
• Advanced knowledge of Excel and PowerPoint

What to Expect as Part of MassMutual and the Team

• Regular meetings with the following teams: Investment Controllership, Investment Management Operations, Accounting Policy and Controls Oversight, Financial Reporting, and MassMutual’s auditor, among other teams.
• 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:

$128,000.00-$168,000.00

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.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.