Mutual Opportunities
Investment Accountant - Audit & Controls Oversight
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five 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.’
“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 Accountant - Audit & Controls Oversight
Investment Controllership Governance
Controllers Organization
Full-Time
Boston, MA or Springfield, MA
The Opportunity
This Investment Accountant role is a newly created position that will be a key addition to our Investment Controllership Governance team. The position reports to the Head of Investment Controllership 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. You will be responsible for coordinating audit activities on behalf of investment controllership and reporting progress to senior leadership, while also overseeing the control environment for investment controllership.
The Team
This recently formed team is responsible for the 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 Head of Investment Controllership Governance and be a key person owning oversight of the external audits, including the insurance companies and subsidiaries, and controls on behalf of Investment Controllership. Through the nature of this role, which involves coordinating and facilitating with the external auditors and within MassMutual, you will have high visibility to leadership within Controllers Organization as well as more broadly across Corporate Finance and into Investment Management.
Your responsibilities will include, among others, the following tasks:
- Engaged in audit planning and oversight, including subsidiary audits
- Understand and maintain periodic audit status against milestones
- Review periodic budget-to-actual status overall, and by audit area
- Engage in periodic meetings with audit area owners to understand any issues and resolutions
- Maintain & enhance internal SharePoint Site for dissemination of information to audit stakeholders
- Drive annual efforts to debrief and continuously improve the audits
- Oversee the design of processes and controls on behalf of Investment Controllership, ensuring appropriate documentation and coordinating the testing of operating effectiveness
- Challenge existing processes and controls across the investment ecosystem and make recommendations to continuously improve the overall control environment.
- Thrives in an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow
- Manages priorities effectively and adapts quickly to achieve goals while developing efficiencies and establishing methods in processes & controls
- Thrives 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
- Analyze and interpret financial information, processes and controls to ensure accuracy and compliance with company policy and regulations
- 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
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 and a significant portion audit-related (external or internal)
- 6+ years combined experience with U.S. GAAP and/or STAT
The Ideal Qualifications
- CPA preferred
- Knowledge and experience of investments
- Strong oral and written communication skills
- Demonstrate strong accountability and commitment
- Ability to proactively take ownership of assignments and drive them through to completion
- Intellectual curiosity to continue learning and adding breadth and depth to understanding the tasks at hand
- 8+ years of professional experience with a significant portion audit-related (external or internal)
- 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
- 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.
- 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
- Advanced knowledge of Excel and PowerPoint
What to Expect as Part of MassMutual and the Team
- Regular meetings with the following teams: Investment Controllership, Investment Management Operations, Accounting Policy and Controls Oversight, Financial Reporting, and MassMutual’s auditor, among other teams.
- 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 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.
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: $128,000.00-$168,000.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
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