MassMutual

Head of Investment Accounting Systems Governance

MassMutual  •  Boston, MA (Onsite)  •  2 hours ago
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Job Description

Head of Investment Accounting Systems Governance

Full-Time

Boston, MA

The Opportunity

Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual.

The Head of Investment Accounting Governance is a key role in the delivery of MassMutual’s investment strategy and in this, MassMutual’s purpose: to provide financial well-being to all Americans. We are seeking a results-oriented and highly collaborative professional with the ability to create and lead a team within the Investment Controllership team. This position will the lead the team that is responsible for designing and executing the processes supporting the integrity of the accounting data information from the Company’s securities system.

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

This team is responsible for the ensuring the integrity of the accounting information received from the Investment Operations securities system. This team will be highly focused on the control environment supporting this purpose. To this end, the team will work closely with its critical partner, Investment Operations. The team will look to leverage technology and resource opportunities to ensure and efficient and effective approach to maintaining these processes. Head of Investment Accounting Systems Governance will lead and inspire the team to continue progressing the operations model and function.

The Impact

Reporting to MassMutual’s Head of Investment Controllership, Head of Investment Accounting Governance will be a member of the Investment Controllership leadership team and a key partner and representative to the operational accounting impacts of the investment operations processes.

Against the backdrop of an increasingly complex general investment account portfolio with diverse asset classes and strategies, this role will build a framework and lead a vision that provides for the effective controls of operational securities accounting.

  • Lead the team responsible for ensuring effective controls related to the securities operational accounting, including execution of daily and monthly reconciliations, analysis of data exceptions, and support of system upgrades
  • Maintaining control processes and assess improvements by evaluating the end to end impacts to operational securities accounting
  • Partner with teams, including but not limited to Securities Controllership. Investment Operations, Treasury, Financial Reporting and ERM
  • Ensure the integrity of investment income reporting across periods while owning the calculation and recording of known P&L exposures
  • Maintain workflows and operational securities accounting controls
  • Partner with stakeholders to meet client needs
  • Oversee the effectiveness of the broader control environment for the insurance company GIA
  • Oversight of external audits on behalf of Investment Controllership
  • Oversight of UAT testing on key external vendor system upgrades
  • Expected Leadership Behaviors:
  • Create structures and processes that are routine in nature and highly scalable
  • Value and support associates, fostering a culture of development and growth
  • Encourage feedback and accountability
  • Promote partnership
  • Excel at attracting, developing and retaining a diverse team of talented individuals, and effectively leveraging outsourcing models for the most efficient approach on executing on the team’s mandate

The Minimum Qualifications

  • 10+ years of progressive accounting, investment accounting, investment controllership, or financial reporting experience within insurance, asset management, banking, or financial services.
  • Demonstrated expertise in U.S. GAAP investment accounting and financial reporting.
  • Proven experience designing, implementing, and enhancing internal controls, governance frameworks, and operational accounting processes in a highly regulated environment.
  • Direct experience supporting a large and complex investment portfolio, including partnership with Investment Operations and other front-to-back investment functions.
  • Bachelor’s degree in accounting, finance or related discipline

The Ideal Qualifications

  • Knowledge and experience of investments is highly desired
  • 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 in creating and developing teams
  • Experience effectively leveraging outsourcing and offshoring arrangements
  • 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.
  • Intellectual curiosity to continue learning and adding breadth and depth to understanding
  • CPA

What You Can Expect at MassMutual

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

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 page.

MassMutual

About MassMutual

Living mutual has always been at the core of our human existence, and it's the principle that's guided us since our founding in 1851. It's not a concept we invented, but one we champion for the simple reason that people take it for granted today.

While the world would have us strive for independence, the truth is when we depend on one another, we aren't just more secure - life is happier and more fulfilling. So as we celebrate our new identity, we're reminding everyone that who we are stays the same.

Learn more at: www.MassMutual.com

Disclosures about MassMutual’s LinkedIn Company Page and other social media sites are located at: https://www.massmutual.com/social-media-guidelines.

CRN201905-212768

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Springfield, Massachusetts
Year Founded
Unknown
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