Director, Derivatives Investment Controllership

Jobtome; Baldwin (Allegheny County); On-site; USD 180,000 - 240,000; Full time

Job summary

MassMutual is seeking a Director of Investment Controllership for Derivatives to lead accounting and controls across multiple entities. You will drive monthly reconciliations, analytics, footnote reviews, and collaborative process improvements with Investment Management Operations and other Controllers teams.

The role requires 8+ years in investment accounting with derivatives, leadership experience, and strong GAAP/statutory knowledge.

Qualifications

• Bachelor’s degree.
• 8+ years of progressive experience in Investment Accounting and/or Investment Operations including derivative investments.
• 3+ years of experience in insurance company Investment GAAP combined with Statutory accounting including Schedule DB.
• 2+ years of experience as a people leader, or 5+ years informal leadership.
• CPA, CFA, CMA, or equivalent designations.

Responsibilities

• Lead the investment accounting and controllership for derivatives across our various insurance and non-insurance entities.
• Oversee monthly reconciliations between the ledger and investment systems for derivatives.
• Prepare monthly analytics report and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead process re-design efforts for derivatives and enhance analytics.
• Support the Investment Office in hedging strategies and evolving accounting standards; collaborate to ensure GAAP and statutory reflection.
• Partner with Investment Middle Office to design subledger processes for derivatives accounting.
• Execute and oversee processes and controls supporting derivative accounting and controllership.
• Serve as point of contact for external auditors on derivative-related matters.
• Perform control functions in compliance with NAIC Model Audit Rule and internal controls.
• Perform ad hoc analyses and assist with special projects.

Skills

Investment accounting

Derivatives

GAAP

Leadership

Analytical skills

Communication

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual is seeking a Director of Investment Controllership for Derivatives to lead accounting and controls across multiple entities. You will drive monthly reconciliations, analytics, footnote reviews, and collaborative process improvements with Investment Management Operations and other Controllers teams.

The role requires 8+ years in investment accounting with derivatives, leadership experience, and strong GAAP/statutory knowledge.