Director, Derivatives Investment Controllership

Jobtome; Carlstadt (NJ); On-site; USD 150,000 - 210,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership for Derivatives to lead the accounting and controllership of derivatives across insurance and non-insurance entities. You will drive accuracy of investment results under GAAP and statutory frameworks, and advance processes for accelerated close with strong cross‑functional collaboration.

As a strategic partner to Investment Management, you will mentor a high‑performing team, implement new hedging strategies, and ensure controls align with

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 by guiding colleagues.

Responsibilities

• Lead the investment accounting and controllership for derivatives across various entities.
• Manage monthly reconciliations between ledger and investment systems for derivatives.
• Oversee preparation of monthly analytics reports and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead process redesign efforts for derivatives and support evolving accounting standards.
• Collaborate with Investment Office and Accounting Policy on GAAP/statutory reflections.
• Partner with Investment Middle Office to design subledger processes supporting derivatives accounting.
• Serve as main contact for external auditors on derivative matters.
• Perform control functions in compliance with NAIC Model Audit Rule.

Skills

Leadership experience

Analytical skills

Communication skills

Aladdin

SQL

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual seeks a Director of Investment Controllership for Derivatives to lead the accounting and controllership of derivatives across insurance and non-insurance entities. You will drive accuracy of investment results under GAAP and statutory frameworks, and advance processes for accelerated close with strong cross‑functional collaboration.

As a strategic partner to Investment Management, you will mentor a high‑performing team, implement new hedging strategies, and ensure controls align with