Director - Derivatives Investment Controllership

Jobtome; Madison (WI); On-site; USD 180,000 - 240,000; Full time

Job summary

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities and drive process improvements. You will manage reconciliations, analytics, and regulatory footnotes while coordinating with audit and policy teams.

The role demands strong leadership, deep knowledge of GAAP and statutory accounting, and the ability to operate in a fast-paced, collaborative environment to deliver precise results.

Qualifications

• Bachelor’s degree required in a relevant field.
• 8+ years in investment accounting/operations with derivatives.
• 3+ years in insurance GAAP combined with statutory accounting including Schedule DB.
• 2+ years of people leadership or 5+ years informal leadership.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Manage monthly reconciliations between ledger and investment systems.
• Oversee preparation of monthly analytics and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead process redesign for derivatives and enhance analytics.
• Support hedging strategies and ensure GAAP/statutory alignment.
• Partner with Investment Middle Office to design subledger processes.
• Execute and oversee controls supporting derivative accounting and controllership.
• Serve as contact for external auditors on derivative matters.
• Ensure compliance with NAIC Model Audit Rule and internal controls.
• Perform ad hoc analyses and assist with special projects.

Skills

Investment accounting

Derivatives

Leadership

Insurance GAAP

SQL

Education

Bachelor’s degree

CPA/CFA/CMA

Tools

Aladdin platform

SQL

Job description

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities and drive process improvements. You will manage reconciliations, analytics, and regulatory footnotes while coordinating with audit and policy teams.

The role demands strong leadership, deep knowledge of GAAP and statutory accounting, and the ability to operate in a fast-paced, collaborative environment to deliver precise results.