Director, Derivatives Investment Controllership

Jobtome; Englewood (NJ); On-site; USD 190,000 - 260,000; Full time

Job summary

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across insurance and non-insurance entities. You will ensure GAAP and statutory accuracy and drive process improvements to accelerate close.

You will collaborate with Investment Management Operations, Investment Managers, and other Controllers teams, managing reconciliations, analytics, and footnote reviews while guiding a high-performing team.

Qualifications

• Bachelor’s degree and 8+ years of experience in Investment Accounting/Operations including derivatives.
• 3+ years in Insurance GAAP and Statutory accounting with Schedule DB.
• 2+ years in people leadership or 5+ years informal leadership in teams.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Manage monthly reconciliations between ledger and investment systems for derivatives.
• Oversee monthly analytics reports and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Redesign processes for derivatives to support expanding strategies and analytics.
• Collaborate with Investment Office on hedging strategies and accounting standards.
• Partner with Investment Middle Office to design subledger processes for derivatives.
• Ensure controls and processes support derivative accounting and controllership.
• Serve as point of contact for external auditors on derivative matters.

Skills

Leadership

Analytical skills

Communication skills

Cross-functional collaboration

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across insurance and non-insurance entities. You will ensure GAAP and statutory accuracy and drive process improvements to accelerate close.

You will collaborate with Investment Management Operations, Investment Managers, and other Controllers teams, managing reconciliations, analytics, and footnote reviews while guiding a high-performing team.