Director, Derivatives Investment Controllership

Jobtome; Garfield (NJ); On-site; USD 170,000 - 240,000; Full time

Job summary

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across our insurance and non-insurance entities. You will drive process improvements, provide meaningful analytics, and ensure GAAP and statutory reporting accuracy.

You will partner with Investment Management Operations and other Controllers teams to design robust controls, support hedging strategies, and prepare timely analytics and footnotes

Qualifications

• Bachelor’s degree required.
• 8+ years of investment accounting/operations including derivative investments.
• 3+ years in insurance GAAP and statutory accounting including Schedule DB.
• 2+ years leading people or 5+ years informal leadership.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Manage monthly reconciliations between ledger and investment systems.
• Oversee monthly analytics report and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timeliness.
• Lead process redesign for derivatives and evolving accounting standards.
• Partner with Investment Office on hedging strategies and GAAP compliance.
• Collaborate with cross-functional teams to design robust controls.
• Serve as point of contact for external auditors on derivative matters.
• Perform ad hoc analyses and support special projects.

Skills

Investment accounting

Leadership

Analytical thinking

Strong communication

Auditing

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across our insurance and non-insurance entities. You will drive process improvements, provide meaningful analytics, and ensure GAAP and statutory reporting accuracy.

You will partner with Investment Management Operations and other Controllers teams to design robust controls, support hedging strategies, and prepare timely analytics and footnotes