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David Careers

Investment Accounting Manager - Alternative Investments

Posted yesterday

massachusetts mutual life insurance companySpringfield (MA)
Accountants and AuditorsPortfolio Management and Investment Advice

SENIORITY

Lead

SALARY

$128,000-$168,000

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About the role

Investment Accounting Manager - Alternative Investments Alternative Investments Team/Investment Controllership Full-time/Boston, MA, or Springfield, MAThis 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 TeamThe 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 experienceCPA 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 TeamMassMutual 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
Salary Range: $128,000-$168,000At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard. 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. At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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