Director, MassMutual Partnership Controller

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title:  Director, MassMutual Partnership Controller

Business Unit: Global Portfolio Services  

Location: Charlotte, NC, Springfield, MA, Boston, MA

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

Job Summary

Barings’ Global Client Operations team has a director level opening for a motivated individual who would like to join our team of financial professionals. This individual will be responsible for oversight of MassMutual’s portfolio of Partnership investments.  The individual will be expected to provide support to both internal clients and directly to MassMutual. The candidate will be expected to interact with all business and investment support teams across Barings as a majority of business lines will at times invest into Partnerships on behalf of MassMutual.  The ideal candidates will have broad accounting expertise as well as be knowledgeable of operational best practices.  Our teams consist of highly skilled CPAs, MBAs, and CFAs who are expected to provide accurate, timely, and efficient services.  This individual will be responsible for the following areas:

 Primary Responsibilities

• Build out private equity operational platform directly impacting MassMutual GIA and subsidiaries.
• Act as point person for MassMutual BA Asset Accounting for ad hoc and/or management requests. Provide prompt responses by researching internally or working with appropriate Barings internal teams.
• Develop tracking analysis for Audited Financial Statements and K-1 submissions to MassMutual BA Asset Accounting team on a monthly basis. Provide responses to inquiries for instances where validity to statutory guidance arise.
• Work with MassMutual BA Asset Accounting on their custody locations for investments and how it relates to applicable Barings investment teams and tits correlation to Barings Ops teams and applicable documents to be used for true ups impacting STAT and GAAP accounting.
• Coordinate key period end deliverables for MassMutual and subsidiaries as it relates to monthly and quarterly reports: manage timing and answer questions on investment presentation and how it impacts transactions booked by accountants.
• Primary contact as part of an ongoing MassMutual remediation initiative. Review requests and provide responses based upon researching information available and follow up with responsible Baring parties as needed. Provide responses to any follow up questions – activity and LPA terms impacting accounting.
• Provide monthly acquisitions and dispositions activity along with supporting documentation to MassMutual to be used cost roll forward. Prior to submission to MassMutual validate activity is complete and accurate.
• Work with Barings Operations to identify improvement opportunities on an ongoing basis and its impact to MassMutual.  Ensure consistently effective and efficient operating model.
• Contact for unidentified cash posting private equity settlement account. Requires tracking down possible investments, reviewing transaction activity, and tying back to unidentified amount. Provide support and explanation how support agrees to the unidentified cash.
• Prepare non-admit analysis to be shared with MassMutual that can be used to identify areas to be addressed and validate quarterly calculation.  Ensure proactive management of non-admit issues on a go forward basis. 
• At times may perform shadow accounting over MassMutual’s partnership interest in Barings managed funds.
• Direct support for MassMutual’s monthly and quarterly close process
• Manage and monitor the timing and quality of client deliverables including oversight and review of certain client reports (daily and monthly).  Direct interaction with technology support in production/automation of deliverables.
• At times will be asked to manage workflow for capital calls and distributions
• Work effectively with third party service providers, as necessary
• Work closely with investment teams
• Interact with senior management, portfolio management team and investment analysts
• Proactively communicate and coordinate with various internal groups
• Interact with pricing team on valuations and price analysis
• Ad hoc reports as needed

 Qualifications

• 10+ years of investment accounting experience (public accounting experience is a plus)
• Experience in investment operations and controls documentation is preferred.
• Project management skills with attention to detail and proven ability to multi-task
• MBA degree in Accounting (CPA designation is a plus)
• Strong written and verbal communication skills; experience and confidence with communicating, influencing, and presenting data and responses.
• Working knowledge of Excel & Word essential, Investran & eFront experience is a plus
• Prior track record in building partnerships with leaders
• Able to garner support and gain momentum to bring recommendations through implementation
• Demonstrate accountability and commitment

#LI-JS1

Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

 OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program