MassMutual

Investment Accounting Associate – Governance

MassMutual

full-time

Posted on:

Location Type: Hybrid

Location: Boston • Massachusetts • 🇺🇸 United States

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Salary

💰 $76,200 - $100,000 per year

Job Level

JuniorMid-Level

About the role

  • 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

Requirements

  • Bachelor’s degree in Accounting, Finance or related major
  • 4+ years of related work experience with a track record of increasing responsibility
  • 4+ years combined experience with U.S. GAAP and/or STAT
  • CPA or progress towards
  • Advanced knowledge of Excel and PowerPoint
  • Strong analytical skills
  • 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
  • Demonstrate strong accountability and commitment
  • Ability to proactively take ownership of assignments and drive them through to completion
  • 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.
  • Intellectual curiosity to continue learning and adding breadth and depth to understanding
  • 4+ years of significant audit-related experience (external or internal)
Benefits
  • Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
  • Access to mentorship opportunities
  • 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
  • Industry leading pay and benefits

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
U.S. GAAPSTATExcelPowerPointfinancial analysisaccounting reconciliationinvestment accountingcontinuous improvementauditfinancial reporting
Soft skills
analytical skillscommunication skillsaccountabilityownershipproblem solvingcollaborationadaptabilityintellectual curiosityprioritizationleadership
Certifications
CPA
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