Director, Derivatives Investment Controllership

Jobtome; Bergenfield (NJ); On-site; USD 170,000 - 230,000; Full time

Job summary

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead the investment accounting and controllership for derivatives across our insurance and non-insurance entities. The role focuses on ensuring accurate GAAP and statutory results, and delivering efficient close processes through process improvements and strong collaboration.

You will partner with Investment Management Operations, Investment Managers, and other Controllers teams to design analytics and

Qualifications

• 8+ years of progressive experience in Investment Accounting and/or Investment Operations, including derivative investments.
• 3+ years in insurance Investment GAAP combined with Statutory accounting including Schedule DB.
• 2+ years of people leadership, or 5+ years demonstrating informal leadership.
• CPA, CFA, CMA, or equivalent designations.
• Experience with Aladdin platform and SQL is a plus.

Responsibilities

• Lead the investment accounting and controllership for derivatives across multiple entities.
• Oversee monthly reconciliations between the ledger and investment systems for derivatives.
• Prepare monthly analytics reports and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead and execute process redesign efforts for derivatives and evolving accounting standards.
• Collaborate with the Investment Office to implement hedging strategies and evolving standards.
• Partner with Investment Middle Office to design operational subledger processes.
• Execute and oversee processes and controls that support derivative accounting and controllership.
• Serve as the main point of contact for external auditors on derivative-related matters.
• Perform frequent ad hoc analyses and assist with special projects.

Skills

Investment accounting

Derivatives

Leadership

Education

Bachelor's degree

Tools

Aladdin

SQL

Job description

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead the investment accounting and controllership for derivatives across our insurance and non-insurance entities. The role focuses on ensuring accurate GAAP and statutory results, and delivering efficient close processes through process improvements and strong collaboration.

You will partner with Investment Management Operations, Investment Managers, and other Controllers teams to design analytics and