Director, Derivatives Investment Controllership

Jobtome

Passaic (NJ)

On-site

USD 180,000 - 260,000

Full time

9 days ago

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Job summary

MassMutual’s Controllers Organization of Corporate Finance seeks a Director of Investment Controllership for derivatives. You will lead accounting and control for derivatives across insurance and non-insurance entities, ensuring GAAP and statutory accuracy and driving accelerated close.

You will partner with Investment Management Operations, Investment Managers, and other Controllers teams to design processes, oversee reconciliations, analytics, and footnote reviews while supporting hedging

Qualifications

Bachelor’s degree required.
8+ years of progressive experience in Investment Accounting and/or Investment Operations including derivative investments.
3+ years in insurance Investment GAAP with Statutory accounting including Schedule DB.

Responsibilities

Lead investment accounting and controllership for derivatives across entities.
Oversee monthly reconciliations between ledger and investment systems for derivatives.
Prepare monthly analytics reports and present findings to stakeholders.
Review footnotes and NAIC Schedule DB for accuracy and timely completion.
Drive process redesign for derivatives and enhance analytics for quarterly results.
Collaborate with Investment Office on hedging strategies and GAAP/statutory reflection.
Partner with Investment Middle Office to design subledger processes supporting derivatives.
Serve as point of contact for external auditors on derivative matters.
Perform control functions in line with NAIC Model Audit Rule and internal controls.