Investment Accounting Associate II - Derivatives
Investment Controllership
Full-Time
New York, NY or Springfield, MA or Boston, MA

The Opportunity
This Investment Accounting Associate II role is a newly created position that will be a key addition to our Investment Controllership team.  The position reports to the Director of Derivatives Controllership 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
The Investment Controllership team is a high-profile team in the Controllers organization, comprised of accounting professionals who oversee our various asset classes and investment activities. The team continues to grow in support of our growing level of assets, key initiatives, and special projects. Our team is driven to provide timely and accurate financial information to our customers. We pride ourselves on working with agility and being a reliable source of information in the organization. while continuously improving how we work together as a team to make our processes better. Our culture thrives on inquisitive approaches to our work to help identify issues with specificity and demonstrate high levels of accountability to make things right.

MassMutual is seeking a candidate to join investment accounting and controllership for derivatives across our various insurance and non-insurance entities, which entails ensuring the accuracy of the investment results across various derivative strategies on a GAAP and statutory basis. This position will also support continued process enhancements related to achieving an accelerated close that produces timely, accurate and complete investment accounting results in an efficient manner. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

The Impact

Fosters 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 ManagementActively participate in the implementation of the Company’s key projectsResponsible for ongoing activities as part of the monthly, quarterly and annual close cyclesUses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the team.Initiates 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 major4+ years of related work experience with a track record of increasing responsibilityFinancial reporting experience in derivatives including, but not limited to, various types of swaps, options, and futures

The Ideal Qualifications

6+ years of related work experienceCPA, CMA or equivalent designations preferredExperience in insurance company investment GAAP and Statutory accounting including Schedule DBExperience with derivative software such as Murex or Calypso and Investment software such as AladdinStrong analytical skills: ability to analyze financial data sets and tell the story of the dataProven ability to complete high quality work efficiently and increase autonomy over timeExperience analyzing new investments and accounting guidance to drive appropriate and preferred investment accounting and reporting across the Company and subsidiariesAble to build and maintain strong working relationships across cross-functional groupsExcellent 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 assisting the team in execution of various priorities and related deliverablesIntellectual 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 managerAccess to mentorship opportunities Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour 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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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. EEO Statement (Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range: $95,100.00-$124,800.00