Director, Derivatives Investment Controllership

Jobtome; Bayonne (NJ); On-site; USD 180,000 - 260,000; Full time

Job summary

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across insurance and non-insurance entities. You will drive process improvements, manage monthly reconciliations, and ensure GAAP and statutory reporting accuracy.

You will partner with Investment Management Operations, Investment Managers, and other Controllers teams to design controls and analytics, support new hedging strategies, and interact with external auditors.

Qualifications

• Progressive experience in Investment Accounting and/or Investment Operations.
• Experience with derivative investments and related GAAP/Statutory impacts.
• Experience in a leadership role managing teams.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Drive process improvements to accelerate close.
• Oversee monthly reconciliations between ledger and investment systems.
• Prepare monthly analytics and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy.
• Lead derivative re-design and analytics enhancements.
• Collaborate with Investment Office on hedging strategies and GAAP compliance.
• Partner with Investment Middle Office to design subledger processes.
• Execute controls supporting derivative accounting.
• Serve as point of contact for external auditors.
• Maintain NAIC compliance and internal controls.
• Perform ad hoc analyses and special projects.

Skills

Leadership

Communication

Analytical thinking

Project management

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across insurance and non-insurance entities. You will drive process improvements, manage monthly reconciliations, and ensure GAAP and statutory reporting accuracy.

You will partner with Investment Management Operations, Investment Managers, and other Controllers teams to design controls and analytics, support new hedging strategies, and interact with external auditors.