Director, Derivatives Investment Controllership

Jobtome; Allendale (IL); On-site; USD 180,000 - 240,000; Full time

Job summary

MassMutual is seeking a Director of Investment Controllership for derivatives within the Controllers Organization of Corporate Finance. You will lead the investment accounting and controllership for derivatives across insurance and non-insurance entities, ensuring accuracy of results and driving process improvements toward an accelerated close.

The role requires deep knowledge of GAAP and statutory accounting, strong leadership, and the ability to collaborate across Investment Management

Qualifications

• Bachelor’s degree in accounting, finance, or related field.
• 8+ years of progressive experience in Investment Accounting and/or Investment Operations.
• 3+ years of experience in insurance company Investment GAAP combined with Statutory accounting including Schedule DB.

Responsibilities

• Lead investment accounting and controllership for derivatives across multiple entities.
• Oversee monthly reconciliations between the ledger and investment systems for derivatives.
• Manage preparation of monthly analytics reports and present findings to stakeholders.
• Ensure footnotes and NAIC Schedule DB accuracy and timely completion.
• Lead process redesign for derivatives to support expanding investment strategies and improve analytics.
• Collaborate with Investment Office to implement hedging strategies and ensure GAAP/statutory compliance.
• Partner with Investment Middle Office to design subledger processes supporting derivatives accounting.
• Support external auditors on derivative-related matters and maintain internal controls.
• Perform ad hoc analyses and assist with special projects.

Skills

Analytical thinking

Written and verbal communication

Leadership experience

CPA/CFA/CMA designation

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual is seeking a Director of Investment Controllership for derivatives within the Controllers Organization of Corporate Finance. You will lead the investment accounting and controllership for derivatives across insurance and non-insurance entities, ensuring accuracy of results and driving process improvements toward an accelerated close.

The role requires deep knowledge of GAAP and statutory accounting, strong leadership, and the ability to collaborate across Investment Management