Director, Derivatives Investment Controllership

Jobtome; Village of Freeport (NY); On-site; USD 140,000 - 200,000; Full time

Job summary

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead the investment accounting and controllership for derivatives. You will oversee complex reconciliations, analytics, and reporting for GAAP and statutory results across insurance and non-insurance entities.

You will partner with Investment Management Operations, Investment Managers, and the Accounting Policy team to implement new hedging strategies and evolving standards while driving process improvements

Qualifications

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

Responsibilities

• Lead investment accounting and controllership for derivatives across multiple entities.
• Oversee monthly reconciliations between the ledger and investment systems for derivatives.
• Provide analysis and present findings to stakeholders monthly.
• Review footnotes and NAIC Schedule DB for accuracy and timeliness.
• Drive process redesign for derivatives to support evolving strategies.
• Collaborate with Investment Office and Accounting Policy to ensure GAAP and statutory compliance.

Skills

Investment accounting

Investment operations

Derivatives

Leadership

Analytical skills

Communication skills

Education

Bachelor’s degree

CPA/CFA/CMA or equivalent

Tools

Aladdin

SQL

Job description

MassMutual is seeking a Director in the Controllers Organization of Corporate Finance to lead the investment accounting and controllership for derivatives. You will oversee complex reconciliations, analytics, and reporting for GAAP and statutory results across insurance and non-insurance entities.

You will partner with Investment Management Operations, Investment Managers, and the Accounting Policy team to implement new hedging strategies and evolving standards while driving process improvements