Director, Derivatives Investment Controllership

Jobtome; Dumont (NJ); On-site; USD 180,000 - 280,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership—Derivatives in a high-impact, fast-paced environment. You will lead the investment accounting and controllership for derivative activities across multiple entities, ensuring GAAP and statutory compliance and driving process improvements.

You will partner with Investment Management Operations, risk, and policy groups to implement new hedging strategies, improve close timelines, and enhance analytics.

Qualifications

• Bachelor’s degree required.
• 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 demonstrating informal leadership.

Responsibilities

• Create an environment whereby the team is inspired, engaged and motivated by opportunities to learn and grow.
• Lead a collaborative and inclusive culture by working closely with Investment Management Operations, Investment Managers, and other Controllers teams.
• Manage the monthly reconciliations between the ledger and investment systems for derivatives ensuring the accuracy of the financial statement results.
• Oversee the preparation of monthly analytics report and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead and execute process redesign for derivatives in response to expanding strategies and analytics.
• Support the Investment Office in hedging strategies and evolving accounting standards.

Skills

Analytical skills

Written communication

Verbal communication

People leadership

Cross-functional collaboration

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual seeks a Director of Investment Controllership—Derivatives in a high-impact, fast-paced environment. You will lead the investment accounting and controllership for derivative activities across multiple entities, ensuring GAAP and statutory compliance and driving process improvements.

You will partner with Investment Management Operations, risk, and policy groups to implement new hedging strategies, improve close timelines, and enhance analytics.