Director, Derivatives Investment Controllership

Jobtome; Union Township (NE); On-site; USD 180,000 - 280,000; Full time

Job summary

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across its insurance and non-insurance entities. You will ensure GAAP and statutory reporting accuracy while driving process improvements and an accelerated close.

You will partner with Investment Management Operations and other Controllers teams to design controls, enhance analytics, and support evolving accounting standards.

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 informal leadership by guiding colleagues.

Responsibilities

• Lead the investment accounting and controllership for derivatives across multiple 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.
• Support the Investment Office in hedging strategies and evolving accounting standards.
• Collaborate with the Investment Middle Office to design subledger processes.
• Execute and oversee controls that support derivative accounting and controllership.
• Serve as a point of contact for external auditors on derivative matters.
• Perform ad hoc analyses and assist with special projects.

Skills

Leadership

Analytical skills

Communication skills

Results-oriented

Attention to detail

Teamwork

Education

Bachelor’s degree

Tools

Aladdin platform

SQL

Job description

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead investment accounting and controllership for derivatives across its insurance and non-insurance entities. You will ensure GAAP and statutory reporting accuracy while driving process improvements and an accelerated close.

You will partner with Investment Management Operations and other Controllers teams to design controls, enhance analytics, and support evolving accounting standards.