Director, Derivatives Investment Controllership

Jobtome; Port Reading (NJ); On-site; USD 180,000 - 240,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership for Derivatives to lead accounting and controls across multiple entities. You will drive process improvements, manage monthly data reconciliations, and coordinate with investment teams and auditors to ensure accurate derivative reporting.

You will guide analytical work, ensure compliance with GAAP and statutory requirements, and help evolve hedging strategies while mentoring a high-performing team in a fast-paced environment.

Qualifications

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

Responsibilities

• Lead investment accounting and controllership for derivatives across multiple entities.
• Oversee monthly reconciliations between the 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.
• Lead process redesign for derivatives to support evolving investment strategies.
• Collaborate with Investment Policy to ensure GAAP and statutory treatment.
• Partner with Investment Middle Office to design subledger processes.
• Execute controls supporting derivative accounting and controllership.
• Serve as a point of contact for external auditors on derivative matters.
• Perform ad hoc analyses and support special projects.

Skills

Investment accounting

Derivatives

Leadership

GAAP knowledge

Communication

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual seeks a Director of Investment Controllership for Derivatives to lead accounting and controls across multiple entities. You will drive process improvements, manage monthly data reconciliations, and coordinate with investment teams and auditors to ensure accurate derivative reporting.

You will guide analytical work, ensure compliance with GAAP and statutory requirements, and help evolve hedging strategies while mentoring a high-performing team in a fast-paced environment.