Investment Accounting Associate II - Mortgage Loans & Real Estate

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.’

Investment Accounting Associate II, Mortgage Loans and Real Estate

Investment

Controllership

Full-Time/Boston, MA or Springfield, MA

The Opportunity

As an Accounting Associate II on our Investment Accounting team, you will help ensure accurate and timely monthly, quarterly, and annual accounting close cycles for our mortgage loan and real estate asset classes. You will account for investment transactions in compliance with applicable regulations and support monitoring, governance, process improvements, and transaction controls—including activities performed by third-party accounting service providers. You will also contribute to initiatives that improve efficiency and add value while building your project management expertise and deepening your knowledge of investment product accounting and its financial impacts

The Team

The Investment Controllership team is a high-profile group within the Controllers organization. Our accountants oversee a range of asset classes and investment activities, and the team continues to grow alongside our assets, strategic initiatives, and special projects. We combine strong business acumen with a commitment to delivering timely, accurate financial information. We work with agility, collaborate to improve our processes, ask thoughtful questions, identify issues with precision, and take accountability for making things right.

The Impact

Your responsibilities supporting the mortgage loan and real estate investment areas will include:

• * Review and analyze monthly, quarterly, and annual reports prepared by the third-party administrator.
• Review financial statements, footnote schedules, regulatory filings, and management reports prepared by the third-party administrator.
• Analyze trends and results, partnering with peers and the Financial Reporting team to develop clear commentary that explains how performance affects financial results.
• Help prepare, analyze, and present monthly financial analysis reports to senior management.
• Support annual regulatory financial statement audit requests and participate in discussions with auditors.
• Identify opportunities to learn, grow, and strengthen team performance.
• Manage competing priorities, adapt quickly, and improve established processes to achieve goals efficiently.
• Identify and implement accounting improvements that increase efficiency and business value. Lead increasingly complex projects and continuous improvement efforts that may extend beyond the team’s core responsibilities.
• Collaborate effectively with Accounting Policy, the Chief Investment Office, Tax, Financial Reporting, Capital Management, and business unit controllers.
• Implement new statutory and GAAP investment accounting requirements and establish accounting processes for new investments and investment-related transactions.
• Develop, document, and maintain a strong internal control framework that supports accurate, timely financial reporting. Recommend improvements, monitor investment accounting controls—including work performed by vendors—and ensure adherence to policies and procedures.
• Actively participate in implementing the Company’s new ledger.

The Minimum Qualifications

• * Bachelor’s degree
• 4+ years of investment accounting experience with increasing levels of responsibility
• 2+ years of experience with Microsoft Excel, including experience with complex formulas, PivotTables, data analysis and large financial datasets

The Ideal Qualifications

• * Experience with investment, loan, mortgage loan, and/or real estate accounting is a plus
• CPA designation or progress toward certification preferred
• Knowledge of statutory (STAT) and GAAP accounting
• Strong analytical skills, including the ability to interpret financial data and clearly communicate the story behind the results
• Demonstrated ability to deliver high-quality work efficiently and operate with increasing independence
• Ability to build and maintain strong relationships across cross-functional teams and with third parties
• Excellent written and verbal communication skills, with the ability to present ideas clearly, professionally, and persuasively to leaders, colleagues, and third parties
• Ability to succeed in a dynamic, agile environment
• Intellectual curiosity and a commitment to continuous learning

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: $99,800-$131,000

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.