Manager, Investment Accounting - Income Governance

0 Saved Jobs Manager, Investment Accounting - Income Governance Boston, Massachusetts; Springfield, Massachusetts Job Category Finance & Accounting

ID R20693 OVERVIEW

JOB

DESCRIPTION

HIRING PROCESS CULTURE BENEFITS Thank you to our employees for voting us one of the top places to work in Massachusetts for seven consecutive years! Overview Finance and Accounting is at MassMutual's core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships. Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization. Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies 'together we move forward.' MJ Fortin Chief Financial Officer "At MassMutual, finance is the heartbeat of our company. Maintaining financial strength and stability and earning trust are key to how we operate. And as a mutual life insurance company, we don't have shareholders. This means that our finance team can think long-term when choosing the best paths to fulfill our purpose: helping people to secure their futures and protect the ones they love. We're looking for dedicated, skilled, creative finance professionals to join us in tackling complex challenges. Here, you'll have the opportunity to grow your career in a place that values your ideas and invites you to challenge the status quo." Job Description Manager, Investment Accounting - Income Governance Investment Controllership Full-Time/Boston, MA or Springfield, MA This is an individual contributor role 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 Opportunity This 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 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. 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 #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. California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures (opens in new window) page. MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range:

$128,000-$168,000