Director, Derivatives Controllership & Investment Accounting

Jobtome; Newark (NJ); On-site; USD 180,000 - 240,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership to lead derivatives accounting across multiple entities. You will drive process improvements, ensure GAAP and statutory reporting accuracy, and partner with management and audit teams to strengthen controls.

You will manage monthly reconciliations, analytics, and cross-functional collaboration with Investment Management Operations and Policy groups, shaping strategic hedging initiatives.

Qualifications

• Bachelor’s degree required and 8+ years of progressive investment accounting experience.
• 3+ years in insurance investment GAAP and statutory accounting including Schedule DB.
• 2+ years of people leadership or 5+ years informal leadership with peers.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Drive process improvements and accelerated close for timely results.
• Oversee reconciliations between ledger and investment systems for derivatives.
• Prepare monthly analytics and present findings to stakeholders.
• Collaborate with external auditors on derivative matters and NAIC schedules.

Skills

Investment accounting

Derivative investments

Leadership

Analytical skills

Communication skills

Education

Bachelor's degree

Professional designations (CPA/CFA/CMA)

Tools

Aladdin

SQL

Job description

MassMutual seeks a Director of Investment Controllership to lead derivatives accounting across multiple entities. You will drive process improvements, ensure GAAP and statutory reporting accuracy, and partner with management and audit teams to strengthen controls.

You will manage monthly reconciliations, analytics, and cross-functional collaboration with Investment Management Operations and Policy groups, shaping strategic hedging initiatives.