Director of Partnership Accounting

Company: MassMutual
Location: New York
Posted on: October 7, 2024

Job Description:

Director of Partnership Accounting
MassMutual seeks a Director of Partnership Accounting to lead a team responsible for ensuring accurate and timely financial reporting for complex investment accounting.
The ideal candidate will have 8+ years of experience in Alternative Investment Accounting, with direct experience in private equity, venture capital, or hedge fund accounting.
The Role

• 
  
• Lead a team responsible for ensuring accurate and timely completion of monthly, quarterly, and annual accounting close cycles for complex investment accounting.
  
• Develop and implement internal control frameworks to ensure accurate and timely financial reporting.
  
• Analyze trends and results, and use strong business acumen and communication skills to collaborate with peers and the financial reporting team.
  
• 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 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 collaborate 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.
  
  Requirements
  
  • 
    
  • Bachelor's or Master's degree in accounting, finance, or related field.
    
  • 8+ years of relevant experience in Alternative Investment Accounting.
    
  • 1+ years of experience leading teams in a deliverable-oriented environment.
    
    Preferred 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 redesign and improvements.
      
    • Experience using investment data and information to analyze and communicate the implications of investment accounting and ERP tools.
      
    • Intellectual curiosity to continue learning and adding breadth and depth to understanding.
      
      What to Expect
      
      • 
        
      • Regular meetings with the Investments Accounting Team.
        
      • Focused one-on-one meetings with your manager.
        
      • Access to mentorship opportunities.
        
      • Networking opportunities.
        
      • 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.
        
        MassMutual is an Equal Employment Opportunity employer. We welcome all persons to apply.

Keywords: MassMutual, Fairfield , Director of Partnership Accounting, Executive , New York, Connecticut