Director, Derivatives Investment Controllership

Jobtome; Chicago (IL); On-site; USD 160,000 - 260,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership for Derivatives who will oversee the analytics, accounting, and controls across derivative activities in multiple entities. You will lead a high-impact team, drive process improvements, and ensure GAAP and statutory compliance.

You will collaborate with Investment Management Operations, Investment Managers, and other Controllers teams to deliver timely, accurate results and improvements.

Qualifications

• Bachelor’s degree.
• 8+ years of progressive experience in Investment Accounting and/or Investment Operations including derivative investments, with a foundational understanding of the upstream processes and impacts to downstream accounting and controllership.
• 3+ years of experience in insurance company Investment GAAP combined with Statutory accounting including Schedule DB.
• 2+ years of experience as a people leader, responsible for managing direct reports OR 5+ years demonstrating informal leadership by guiding, coaching, and supporting colleagues in their day-to-day work.

Responsibilities

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

Skills

8+ years in Investment Accounting/Ops

People leadership

Strong analytical skills

Strong communication skills

GAAP & statutory knowledge

Aladdin platform experience

SQL

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual seeks a Director of Investment Controllership for Derivatives who will oversee the analytics, accounting, and controls across derivative activities in multiple entities. You will lead a high-impact team, drive process improvements, and ensure GAAP and statutory compliance.

You will collaborate with Investment Management Operations, Investment Managers, and other Controllers teams to deliver timely, accurate results and improvements.