Director, Derivatives Investment Controllership

Jobtome; Tenafly (NJ); On-site; USD 180,000 - 280,000; Full time

Job summary

MassMutual's Controllers Organization of Corporate Finance is seeking a Director of Investment Controllership to manage derivatives accounting across multiple entities. You will drive process improvements, collaborate with Investment Management Operations, and influence GAAP and statutory reporting with a focus on accuracy and timeliness.

The role requires leadership, strong analytical and communication skills, and the ability to operate in a fast-paced, evolving environment while aligning with

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 of informal leadership.

Responsibilities

• Lead the investment accounting and controllership for derivatives across insurance and non-insurance entities.
• Manage monthly reconciliations between the ledger and investment systems for derivatives.
• Oversee the preparation of 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.
• Collaborate with Investment Policy to ensure GAAP and statutory accounting alignment.
• Partner with Investment Middle Office to design subledger processes supporting derivative accounting.
• Execute controls and assist external auditors on derivative matters.
• Ensure compliance with NAIC Model Audit Rule and internal controls.

Skills

People leadership

Investment accounting

Derivatives accounting

GAAP knowledge

Statutory accounting

CPA/CFA/CMA

Analytical skills

Communication

Education

Bachelor's degree

Tools

Aladdin platform

SQL

Job description

MassMutual's Controllers Organization of Corporate Finance is seeking a Director of Investment Controllership to manage derivatives accounting across multiple entities. You will drive process improvements, collaborate with Investment Management Operations, and influence GAAP and statutory reporting with a focus on accuracy and timeliness.

The role requires leadership, strong analytical and communication skills, and the ability to operate in a fast-paced, evolving environment while aligning with