Investment Accounting Associate II - Governance

Investment Accounting Associate II- Governance

Investment Controllership Governance

Full-Time

Boston, MA or Springfield, MA

Multiple openings

The Opportunity

This Investment Accountant Associate role is a newly created position that will be a key addition to our Investment Controllership Governance 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 Team

This 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 Impact

In 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. Role may also include analyzing financial data across insurance companies and subsidiaries, ensuring controls and 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.

Your responsibilities will include a combination of the following tasks :

• Coordinate with Securities, Alternative Investments & Derivatives Controllership and Investment Operations to analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy, regulations and other best practices
• Coordinate and review the aging analysis of suspense activity completed by our team of external consultants.
• Communicate aging results to MassMutual's finance leadership on a quarterly / monthly basis, including any potential exposure for the Company
• Assist in resolving issues related to our open investment payable / receivable balances, including coordinating with our Investment Operations team to clear aged balances.
• Review balance sheet and income statement reconciliations, including analysis of our net unreconciled exposure on a monthly / quarterly basis.
• Review, research and resolve daily, monthly and historical exceptions across multiple security types and accounting platforms
• Analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy and regulations
• Propose resolutions to new and existing processing errors and / or deficiencies
• Collaborate with internal teams to resolve items and address investment -related issues
• Identify areas of risk and / or improvement within existing processes and controls across the investment ecosystem and make recommendations to continuously improve the overall control environment.
• Thrive in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow
• Manage priorities effectively and adapt quickly to achieve goals while developing efficiencies and establishing methods in processes & controls
• Thrive 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
• Initiate and / or lead increasingly complex continuous improvement activities
• Participate in problem solving to improve quality, cycle times, increase efficiencies, improve employee engagement and customer satisfaction within the Investment Controllership team

The Minimum Qualifications

The Ideal Qualifications

What to Expect as Part of MassMutual and the Team

#LI-CR37 MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

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