Director, Derivatives Investment Controllership

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

Job summary

MassMutual is seeking a Director in Investment Controllership for Derivatives to lead the accounting and controllership of derivative activities across investments. You will guide a team, drive process improvements, and partner with Investment Management Operations to ensure accurate and timely close.

You will oversee reconciliations, analytics, and footnotes, ensuring GAAP and statutory compliance while supporting hedging strategies and evolving standards in a fast-paced environment.

Qualifications

• Bachelor’s degree required.
• 8+ years in Investment Accounting/Operations with derivatives.
• 3+ years in insurance GAAP and 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 and enhance analytics supporting quarterly results.
• Support hedging strategies and evolving accounting standards with Policy collaboration.
• Partner with Investment Middle Office to design operational subledger processes for derivatives.
• Execute and oversee processes and controls that support derivative accounting and controllership.
• Serve as primary contact for external auditors on derivative matters.

Skills

People leadership

Analytical skills

Communication skills

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual is seeking a Director in Investment Controllership for Derivatives to lead the accounting and controllership of derivative activities across investments. You will guide a team, drive process improvements, and partner with Investment Management Operations to ensure accurate and timely close.

You will oversee reconciliations, analytics, and footnotes, ensuring GAAP and statutory compliance while supporting hedging strategies and evolving standards in a fast-paced environment.