Director, Derivatives Investment Controllership

Jobtome; Teaneck Township (NJ); On-site; USD 180,000 - 230,000; Full time

Job summary

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities, ensuring GAAP and statutory accuracy while driving process improvements and close efficiency. The role focuses on collaboration with Investment Management Operations, Controllers and policy teams.

You will guide a high-performing team, manage reconciliations, analytics, and footnote reporting, and act as liaison to external auditors, all within a fast-paced mutual company

Qualifications

• Bachelor’s degree.
• 8+ years of progressive experience in Investment Accounting and/or Investment Operations including derivative investments.
• 3+ years of experience in insurance company Investment GAAP combined with Statutory accounting including Schedule DB.
• 2+ years of experience as a people leader, or 5+ years demonstrating informal leadership.

Responsibilities

• Lead the investment accounting and controllership for derivatives across multiple entities.
• Manage monthly reconciliations between the ledger and investment systems for derivatives.
• Oversee monthly analytics reports and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Lead process redesign efforts for derivatives and enhance analytics for quarterly results.
• Support hedging strategies and evolving accounting standards in collaboration with Accounting Policy.
• Partner with Investment Middle Office to design subledger processes supporting derivatives accounting.
• Execute and oversee processes and controls that support derivative accounting and controllership.
• Serve as a point of contact for external auditors on derivative-related matters.
• Perform control functions in line with NAIC Model Audit Rule and internal controls.
• Conduct ad hoc analyses and support special projects as requested.

Skills

Investment accounting

Derivatives experience

Leadership

Communication skills

GAAP knowledge

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities, ensuring GAAP and statutory accuracy while driving process improvements and close efficiency. The role focuses on collaboration with Investment Management Operations, Controllers and policy teams.

You will guide a high-performing team, manage reconciliations, analytics, and footnote reporting, and act as liaison to external auditors, all within a fast-paced mutual company