Head of Investment Accounting Governance

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.’

Job Description

Head of Investment Accounting 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 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

$163,900-$215,000

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

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.

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.