Director of Derivatives Investment Controllership

Jobtome; Elmont (NY); On-site; USD 140,000 - 180,000; Full time

Job summary

MassMutual seeks a Director in Investment Controllership to lead derivatives accounting across insurance and non-insurance entities. You will drive process improvements, manage monthly reconciliations and analytics, and partner with Investment Management Operations.

You will influence GAAP and statutory accounting, supervise a team, and work with auditors to ensure accuracy and timely close in a fast-paced environment.

Qualifications

• Bachelor’s degree required.
• 8+ years of experience in Investment Accounting/Operations including derivatives.
• 3+ years in Investment GAAP plus Statutory accounting with Schedule DB.
• 2+ years leading people or 5+ years informal leadership.
• CPA, CFA, CMA or equivalent designations preferred.
• Experience with Aladdin and SQL is a plus.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Oversee monthly reconciliations between ledger and investment systems.
• Prepare monthly analytics and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy.
• Lead process redesign for derivatives and accelerate close.
• Collaborate with Investment Office and Accounting Policy on GAAP/statutory reflection.
• Partner with Investment Middle Office to design subledger processes.
• Serve as point of contact for external auditors on derivative matters.
• Perform control functions per NAIC rules and internal controls.

Skills

Investment accounting

Derivatives

Analytical skills

Written communication

Verbal communication

Leadership

Agile environment

Aladdin platform

SQL

CPA

CFA

CMA

Education

Bachelor's degree

CPA

CFA

CMA

Tools

Aladdin

SQL

Job description

MassMutual seeks a Director in Investment Controllership to lead derivatives accounting across insurance and non-insurance entities. You will drive process improvements, manage monthly reconciliations and analytics, and partner with Investment Management Operations.

You will influence GAAP and statutory accounting, supervise a team, and work with auditors to ensure accuracy and timely close in a fast-paced environment.