Job Information
MassMutual Director of Partnership Accounting in Boston, Massachusetts
Director of Partnership Accounting
Alternative Investments, Investment Controllership
Full-Time
Springfield, MA or New York, NY, or Boston, MA
The Opportunity
Reporting to MassMutual’s Director of Alternative Investments, the Director of Partnership Accounting will be a key partner and representative to the investment accounting processes. The position will lead a team of MassMutual employees and a third-party partner.
As a Director 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 a Director, you will lead the team that manages and executes investment accounting and analysis, including oversight of financial reporting outcomes of all MassMutual Partnership investment products. This includes, private equity, real estate equity, special purpose vehicles and MassMutual’s investment subsidiaries. You will thrive in a highly dynamic and agile accounting environment, where we are focused on both execution and improvement of outcomes. If you want to continue your career as a part of a diverse team of highly motivated professionals. We look forward to returning to the office in a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office.
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:
Lead team responsible to ensure the accurate, timely completion of monthly, quarterly and annual accounting close cycles for complex investment accounting by effectively planning, monitoring, and problem solving. Includes those activities completed by third parties that provide accounting services to the Company.
Develops, documents, and assures adherence to an internal control framework that ensures accurate and timely financial reporting. Implementation of new control processes and assess improvements by evaluating the end to end impacts to partnership accounting
Develop and lead various initiatives focusing on increasing efficiency and adding value
Analyze trends and results, use strong business acumen and communication skills collaborating with peers and the financial reporting team to draft and contribute to commentary which enables readers to quickly understand how performance is impacting financial results.
Responsible for review, accuracy and timely completion of Partnership footnotes and NAIC schedules
Perform frequent ad hoc analysis and assist with special projects, as requested
Execute on process re-design as a result of the increase in our investment strategies and development of analytics for quarterly partnership results
Serve as the point of contact for external auditors on all partnership related matters
Effectively collaborates with accounting policy, the chief Investment office, tax, financial reporting capital management and business unit controllers.
Lead the research and implementation of new statutory and GAAP investment accounting requirements and determines the accounting process for new investments and investment related transactions.
The Minimum Qualifications
Bachelor’s or Master's degree in accounting, finance or related field
8+ years of relevant experience in Alternative Investment Accounting. Candidate must have direct experience in private equity, venture capital or hedge fund accounting.
1 + years experience leading teams in a deliverable oriented environment.
The Ideal Qualifications
Experience in insurance company Investment GAAP and Statutory accounting
1+ years of experience developing and managing onshore and offshore teams
CPA or progress towards preferred
Experience in identifying internal control issues and remediation efforts.
Preferred experience working with and supporting several corporate units.
Preferred experience working in a Lean Six Sigma environment with strong root cause problem solving experience.
Ability to partner with and influence business leaders and peers in investment process resign and improvements.
Experience using investment data and information to analyze and communicate the implications of investment accounting and ERP tools (SAP, Hyperion, NetSuite, etc.).
Intellectual curiosity to continue learning and adding breadth and depth to understanding.
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
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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.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $131,100.00-$172,000.00