Head of Investment Accounting Systems Governance

Posted 3 Hours Ago
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Boston, MA, USA
Hybrid
164K-215K Annually
Expert/Leader
Big Data • Fintech • Information Technology • Insurance • Financial Services
We help people secure their future and protect the ones they love.
The Role
Lead a team ensuring integrity and controls of investment accounting and securities operational accounting. Own reconciliations, exception analysis, investment income reporting, system upgrades/UAT, and external audit oversight. Develop governance frameworks, scalable processes, and cross-functional partnerships (Investment Operations, Treasury, Financial Reporting, ERM) while driving process improvements and building a high-performing team.
Summary Generated by Built In
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.
Salary Range: $163,900-$215,000

Skills Required

  • 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.
  • Knowledge and experience of investments.
  • Strong analytical skills, including ability to analyze financial data sets and communicate insights.
  • Proven ability to complete high-quality work efficiently and increase autonomy over time.
  • Experience creating and developing teams.
  • Experience effectively leveraging outsourcing and offshoring arrangements.
  • Ability to build and maintain strong cross-functional working relationships.
  • Excellent verbal and written communication skills for interacting with leadership, staff, and regulators.
  • Intellectual curiosity and commitment to continuous learning.
  • CPA.

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The Company
HQ: Springfield, MA
6,000 Employees
Year Founded: 1851

What We Do

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people. Together, we’re stronger.

Why Work With Us

MassMutual has the financial security and stability of a 170+ year old company, with the culture and energy of a startup. We work every day with the customer front of mind to build the best digital experience in the industry.

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MassMutual Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

We believe in capitalizing on the best of being together in our offices as well as personal flexibility. Our workplace philosophy puts office collaboration first, combined with flexibility to work remotely.

Typical time on-site: 3 days a week
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HQSpringfield, MA
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Boston, MA
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New York, NY
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