Investment Accounting Associate - Securities

Overview

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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.’

Job Description

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Investment Accounting Associate II - Securities

Investment Controllership

Full-Time | Boston, MA

The Opportunity

MassMutual is seeking an Investment Accounting Associate II to join our growing Investment Controllership team. This newly created role will be a key contributor within Financial Controllership, a critical function within the Controllers Organization that strives to be a best-in-class financial steward for the company.

Reporting to the Director of Securities Controllership, you'll have the opportunity to work in a dynamic and collaborative environment, partnering across Finance, Investment Management, and other business teams.

This role is ideal for an accounting professional who enjoys solving complex challenges, driving process improvements, and contributing to meaningful financial analysis that supports investment activities across the organization.

If you're looking to expand your investment accounting expertise while working on strategic initiatives and continuous improvement efforts, we'd love to hear from you.

The Team

As a member of the Financial Controllership team, you'll help shape the future of our organization while supporting the continued growth and evolution of the Investment Controllership function. You'll work alongside a highly engaged team of professionals who value collaboration, innovation, and delivering high-quality results.

The Impact

• Thrive in a complex and evolving business environment while adapting to changing priorities and opportunities
• Play a key role in fostering a collaborative and inclusive culture through close partnership with Investment Management and other business teams
• Support the implementation of the company's new general ledger and other strategic initiatives
• Collaborate across the organization to identify issues, implement solutions, and drive process improvements
• Perform and review reconciliations of investment data and general ledger balances, ensuring accuracy and completeness
• Review and support periodic journal entries related to investment accounting activities
• Assist in the preparation, review, and analysis of monthly financial reports and management reporting
• Partner with internal stakeholders to research and resolve investment-related accounting issues
• Contribute to monthly, quarterly, and annual close processes.
• Analyze investment and financial data to identify trends, explain results, and assess impacts on investment valuations and earnings
• Support regulatory and external audit requests related to financial reporting and investments
• Participate in problem-solving initiatives focused on improving quality, efficiency, and operational effectiveness
• Recommend enhancements that strengthen the overall control environment of the Securities accounting team
• Research and support the implementation of new statutory and U.S. GAAP investment accounting guidance

The Minimum Qualifications

• Bachelor's degree
• 4+ years of investment accounting experience with increasing levels of responsibility
• 4+ years of experience applying U.S. GAAP and/or STAT accounting principles
• 1+ years of experience using analytical skills to interpret financial data and communicate meaningful insights

The Ideal Qualifications

• CPA or CFA designation preferred
• Knowledge of statutory (STAT) accounting preferred
• Master's degree preferred
• Experience and understanding of investment products and investment accounting
• Demonstrated ability to produce high-quality work while taking on increasing levels of ownership and responsibility
• Experience evaluating new investments and accounting guidance to support appropriate accounting treatment and reporting across the organization
• Experience supporting accounting or financial systems implementations preferred
• Proven ability to build strong partnerships and collaborate effectively across cross-functional teams
• Excellent written and verbal communication skills, with the ability to clearly and effectively communicate complex concepts to a variety of audiences
• Ability to succeed in a fast-paced, dynamic environment while managing multiple priorities and deadlines
• Intellectual curiosity and a passion for continuous learning, growth, and professional development

What to Expect as Part of MassMutual and the Team:

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

#LI-CR37

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 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: $99,800-$131,000

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

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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)

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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.

Paid Time Off

• In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to care for yourself or someone you love—whether for physical illness or mental health.

Health & Well-Being

In addition to top-line medical and dental coverage, personalized mental health solutions, on-site and virtual health coaching, and much more, MassMutual reimburses employees up to $1,250 per year for eligible expenses supporting mental, physical, and financial well-being.

Financial Well-Being

In addition to competitive salaries and bonuses, educational assistance programs, and much more, MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution.

Taking Care

MassMutual offers generous maternity and parental leaves, as well as bereavement leave to mourn the loss of a loved one (and the employee defines 'loved one'). In addition, we offer up to 320 hours of caregiver leave to help employees support loved ones in times of need.

Giving Back

MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donation dollars to eligible nonprofit organizations up to $5,000 annually.

Commuter Benefits

MassMutual offers a Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars, as well as a commuter wallet option for employees based at Boston and NYC campuses.