Director, Derivatives Controllership & Investment Accounting

Jobtome; Oradell (NJ); On-site; USD 180,000 - 250,000; Full time

Job summary

MassMutual seeks a Director in Investment Controllership to lead derivative accounting across multiple entities. You will drive deep analysis, collaborate with Investment Management Operations, and align processes with GAAP and statutory requirements.

The role requires strategic thinking and hands-on leadership to enhance controls, ensure timely reporting, and support ongoing hedging strategies with accounting policy alignment.

Qualifications

• Bachelor’s degree in Finance or Accounting.
• 8+ years in Investment Accounting/Operations with derivatives.
• 3+ years in insurance GAAP with statutory including Schedule DB.
• 2+ years leading teams or 5+ years informal leadership.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Ensure GAAP and statutory accuracy of derivative results.
• Drive process improvements for accelerated close.
• Manage monthly reconciliations between ledger and investment systems.
• Prepare monthly analytics and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy.
• Partner with Investment Office to implement hedging strategies.
• Interface with external auditors on derivative matters.
• Support control design and NAIC compliance.

Skills

Leadership

Analytical thinking

Communication skills

Cross-functional collaboration

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual seeks a Director in Investment Controllership to lead derivative accounting across multiple entities. You will drive deep analysis, collaborate with Investment Management Operations, and align processes with GAAP and statutory requirements.

The role requires strategic thinking and hands-on leadership to enhance controls, ensure timely reporting, and support ongoing hedging strategies with accounting policy alignment.