Director, Derivatives Investment Controllership

Jobtome; Ridgewood (NY); On-site; USD 180,000 - 280,000; Full time

Job summary

MassMutual seeks a Director of Investment Controllership for derivatives to lead accounting and controllership across insurance and non-insurance entities. You will ensure accurate derivative results under GAAP and statutory standards and drive process improvements for a faster, more reliable close.

You will manage reconciliations, analytics, footnotes review, and hedging strategy support, collaborating with Investment Management Operations and other Controllers teams.

Qualifications

• Bachelor’s degree in a related field.
• 8+ years in Investment Accounting/Operations incl. derivatives.
• 3+ years in insurance Investment GAAP and Statutory (Schedule DB).
• 2+ years leading people or 5+ years informal leadership.

Responsibilities

• Create an environment where the team learns and grows.
• Lead a collaborative, inclusive culture with Investment Mgmt Ops and other Controllers teams.
• 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 timeliness.
• Lead process redesign for derivatives to support expansion and analytics.
• Support hedging strategies and align with GAAP and statutory rules.
• Partner with Investment Middle Office to design subledger processes.
• Execute controls that support derivative accounting and controllership.
• Serve as point of contact for external auditors on derivatives.
• Perform NAIC Model Audit Rule compliant control functions.
• Conduct ad hoc analyses and assist with special projects.

Skills

Leadership

Analytical thinking

Communication

Teamwork

Education

Bachelor's degree

Tools

Aladdin platform

SQL

Job description

MassMutual seeks a Director of Investment Controllership for derivatives to lead accounting and controllership across insurance and non-insurance entities. You will ensure accurate derivative results under GAAP and statutory standards and drive process improvements for a faster, more reliable close.

You will manage reconciliations, analytics, footnotes review, and hedging strategy support, collaborating with Investment Management Operations and other Controllers teams.