Director, Derivatives Investment Controllership

Jobtome; Wood-Ridge (NJ); On-site; USD 180,000 - 250,000; Full time

Job summary

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead derivative investment controllership across multiple entities. You will drive process improvements, ensure accurate GAAP and statutory reporting, and partner with Investment Management Operations and policy teams.

You will manage monthly reconciliations, analytics, and footnote reviews, while guiding a team to optimize hedging strategies and accelerate close cycles in a fast-paced environment.

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 and Statutory accounting including Schedule DB.
• 2+ years of people leadership or 5+ years of informal leadership.

Responsibilities

• Lead investment accounting and controllership for derivatives across multiple entities.
• Oversee monthly reconciliations between 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 for quarterly results.
• Support hedging strategies and ensure GAAP and statutory treatment.
• Collaborate with Investment Middle Office to design operational processes in subledger.
• Execute and oversee controls that support derivative accounting and controllership.
• Serve as point of contact for external auditors on derivative matters.
• Perform ad hoc analyses and assist with special projects.

Job description

MassMutual seeks a Director in the Controllers Organization of Corporate Finance to lead derivative investment controllership across multiple entities. You will drive process improvements, ensure accurate GAAP and statutory reporting, and partner with Investment Management Operations and policy teams.

You will manage monthly reconciliations, analytics, and footnote reviews, while guiding a team to optimize hedging strategies and accelerate close cycles in a fast-paced environment.