Investment Accountant- Derivatives (Hybrid)

Location Boston, MA (02297)
Job Type Full Time
Posted 4 days ago
Company Massachusetts Mutual Life Insurance

As an Investment Accountant in the Controllers Organization of Corporate Finance you will join us as we continue our progress towards becoming best in class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it. As an Investment Accountant, you will be an experienced accounting professional who wants to work with a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for investment accounting activities.

This work schedule is a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office, at either our Boston, MA or Springfield, MA locations.

The Team

The Investment Controllership team is a high-profile team in the Controllers organization, comprised of accountants who oversee our various asset classes and investment activity. The team continues to grow in support of our growing level of assets, key initiatives and special projects. Our team has high business acumen and 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. We strive to continuously improve by working together as team to make each other and 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.

The Impact:

As an Investments Accountant, you will be in a controllership role responsible for engaging with a team that manages and executes investment transactional accounting and analysis, including oversight of financial reporting outcomes of all MassMutual investment products. You will proactively identify financial reporting risks and opportunities within the investment activities and translate that into decision-useful improvement recommendations. You will provide sound financial advice to business units or other departments, anticipating the financial statement impact of changes in the business environment and make recommendations to ensure appropriate processes are implemented and maintained. Your responsibilities will also include, but are not limited to the following:

  • Understanding of derivative accounting principles and practices on STAT and GAAP basis including knowledge of Schedule DB
  • Contribute to the implementation of a new derivative accounting subledger system ensuring the accounting is completed accurately and integration to the ledger and reporting
  • Understand how data flows through the financial systems to the accounting function, planning appropriately for changes and prioritizing and implementing enhancements
  • Establish and enhance internal controls, maintain and accountable for consistently improve upon a strong control environment within the investment accounting activities
  • Add value to the enterprise through close collaboration and partnership with other MassMutual business units and corporate functions to ensure the accurate, timely and efficient submission of data and analysis required to meet reporting requirements
  • Play a key role in creating a collaborative and inclusive culture by working closely with other Controllers teams, such as the financial close team and external reporting to ensure the accurate recognition of accounting for various transactions and events related to the investment processes and activities
  • Drive accountability by collaborating with accounting policy and other areas within the Controllers Organization on the evaluation of new GAAP and statutory reporting impacts to the company; assisting in the implementation of new business financial reporting impacting the investment processes

The Minimum Qualifications

  • Bachelor's degree in Accounting, Finance or related major
  • At least 6 years of relevant experience from public accounting and/or a large corporate environment

The Ideal Qualifications

  • CPA or CFA preferred
  • Master's degree preferred
  • Derivative Accounting or Derivative Accounting subledger preferred
  • 8 years of relevant experience from public accounting and/or a large corporate environment
  • Strong multi-tasking skills and ability to adapt to change
  • Ability to proactively take ownership of projects and drive them through to completion
  • Experience working in a Finance transformational setting; driving change and managing competing priorities
  • In-depth knowledge of US GAAP and Statutory accounting
  • Ability to perform and lead a team to perform independent research and prepare analyses of the impact of accounting requirements
  • Experience in best-in-class control execution/documentation
  • Detail-oriented with demonstrated oral and written communication skills

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Investments Accounting Team
  • Focused one-on-one meetings with your manager
  • 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
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

About MassMutual

We've been around since 1851. During our history, we've helped millions of people find financial freedom, offer financial protection, and plan for the future.

Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life.

MassMutual was recognized as an Ethisphere 2020 World's Most Ethical Company, a Top Place to Work in 2020 according to The Boston Globe and named among America's Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.

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



Web Reference AJF/396193379-50
Posted Date Thu, 04 Aug 2022

To apply for this position you will complete an application form on another website provided by or on behalf of Massachusetts Mutual Life Insurance. Please note Finance Jobs Market is not responsible for the application process on any external website.

Search for other jobs