Investment Accountant - Credit & Reporting

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Investment Accountant - Credit & Reporting

Investment Controllership

Full-Time

New York, NY

About the Corporate Controller Organization:

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise's actual results, forecast implications and strategic decision making. This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.

We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities. We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.

The Opportunity

Investment Accountant - Credit & Reporting 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.

You will be a key SME on the team that manages and executes Investments Credit accounting and analysis for the entire MassMutual portfolio of $300B+, including oversight of reporting. You will thrive in a highly dynamic and agile investment 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 who are focused on driving process improvement, meaningful analysis and control execution for insurance accounting activities, this role is for you!

The Team

As a member of the Financial Controllership Team, the incumbent will be involved in shaping the future of the organization, supporting both the on-going growth and analysis within the Investment Controllership team and other key initiatives.

The Impact

As an Investment Accountant -Credit & Reporting in the CFO division, you will execute, lead and manage Credit and team by ensuring the accurate, timely & insightful data analysis, accounting & reporting from Credit risk and perspective of the entire investment portfolio that primarily includes fixed income securities and sizeable Alternatives, Equity, Derivatives and other investment types for quarterly and annual accounting close cycles by effectively planning, monitoring, and problem solving. You will be responsible for all things Credit and that include quarterly impairment, CECL, matrix as well as assessment of models, analysis of investment documents & indenture, to ensuring accuracy, completeness & transparent data insight for credit risk, and related reporting to senior management, internal & external auditors, other stakeholders & in compliance with accounting regulations. This includes monitoring and governance, oversight, process change and transaction controls, including those executed by third parties that provide accounting services to the Company. You will also contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in investment product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:

• SPOC & SME for all credit and matters related to the Investment portfolio
• Collaboration with Investment Management, ERM, Investment Operations, Reporting, Internal & External auditors and other stakeholders and provide timely, accurate, complete & insightful data analysis, reporting & presentation
• SME and key lead for Credit & CECL committees including presentation of quarterly, annual reporting and ad-hoc analysis
• Review of key work papers and reports including, impairment assessment framework, watchlist maintenance, default & credit analysis & related accounting, disclosures & reporting etc.
• Review of CECL model input, output and implement comprehensive data analytics framework, controls and related accounting, disclosures & reporting etc.
• Lead team for timely and accurate monthly quarterly accounting closes tasks
• Monitors, market, industry and peers' trends and overall macro environment
• Lead and participate in re-engineering & improvement projects for Credit &

The Minimum Qualifications

• 5+ years of experience in credit, , accounting, with focus on Fixed income assets class
• 2+ years of in-depth experience in credit/, from insurance or large fixed income manager
• Bachelor's degree in finance or business or related field.

The Ideal Qualifications

• CFA preferred, Statistic or Credit major, is preferred
• Experienced with Data Analytics, big data, trends with presentation and reporting
• Experienced with credit risk & models, methodologies and best practices
• Candidate must have advanced data management skills and through understanding of data flow & transactions cycle of fixed income security from trade to reporting, distress & recovery analysis
• Strong interpersonal and communication skills with emotional intelligence are essential
• Independent, self-motivated, detail-oriented and able to multi-task, sound judgement to deal with and manage conflicting priorities
• Cohesive, concise and clear communication and presentation style with ability to adapt & change

What to Expect as Part of MassMutual and the Team

• Regular meetings with the stakeholders & Controllers organization lead
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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.