0 Saved Jobs Investment Accounting Manager - Alternative Investments

Springfield, Massachusetts; Boston, Massachusetts

Job Category Finance & Accounting

ID R21122 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

Investment Accounting Manager - Alternative Investments

Alternative Investments Team/Investment Controllership

Full-time/Boston, MA, or Springfield, MA

This is an Individual Contributor role

The Opportunity

This Investment Accounting Manager role will be a key addition to our Investment Controllership team. The position resides within the Investment 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

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise's actual results, forecast implications and strategic decision making. This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.

We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities. We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.

The Impact

Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow.

Manages priorities effectively and adapt quickly to achieve goals while developing efficiencies and established methods in the process.

Thrives in a complex corporate structure and comfortably switch gears and alter course to adapt to changing circumstances.

Plays a key role in leading a collaborative and inclusive culture by working closely with Investment Management

Actively participate in the implementation of the Company's new ledger

Responsible for ongoing activities as part of the monthly, quarterly and annual close cycles

Uses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the team.

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 of 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 including financial reporting experience on alternative investments

The Ideal Qualifications

8+ years of related work experience

CPA preferred

Master's degree preferred

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

Experience analyzing new investments and accounting guidance to drive appropriate and preferred investment accounting and reporting across the Company and subsidiaries

Experience with system implementations preferred

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

MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect: Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes A collaborative environment where perspectives are welcomed Access to learning, development, and internal networks that support continuous growth and skill-building over time Employee-led communities and forums that foster connection, learning, and inclusion across the organization A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset #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

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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