Director of Derivatives Investment Controllership

Jobtome; Fanwood (NJ); On-site; USD 170,000 - 210,000; Full time

Job summary

MassMutual’s Controllers Organization of Corporate Finance seeks a Director of Investment Controllership for derivatives. You will lead accounting for derivatives across insurance and non-insurance entities, drive process improvements, and partner with Investment Management Operations to ensure accurate GAAP and statutory results and accelerated close.

You will manage a high-performing team, collaborate across cross-functional groups, and serve as the primary liaison with external auditors while

Qualifications

• Bachelor’s degree in a related field.
• 8+ years in Investment Accounting/Operations including derivatives.
• 3+ years in insurance Investment GAAP with Statutory incl. Schedule DB.
• 2+ years leading teams or 5+ years informal leadership.
• CPA, CFA, CMA or equivalent designations.

Responsibilities

• Lead investment accounting and controllership for derivatives across multiple entities.
• Drive process improvements to accelerate the close with GAAP/statutory accuracy.
• Oversee monthly reconciliations between the ledger and investment systems for derivatives.
• Prepare monthly analytics and present findings to stakeholders.
• Review footnotes and NAIC Schedule DB for accuracy.
• Collaborate with Investment Office on hedging strategies and evolving standards.
• Partner with Investment Middle Office to design subledger processes for derivatives.
• Serve as the point of contact for external auditors on derivative matters.
• Ensure compliance with NAIC Model Audit Rule and internal controls.
• Perform ad hoc analysis and support special projects.

Skills

Derivative accounting

Investment GAAP

People leadership

Analytical skills

Communication skills

Aladdin platform

SQL

CPA/CFA/CMA

Education

Bachelor’s degree

Tools

Aladdin

SQL

Job description

MassMutual’s Controllers Organization of Corporate Finance seeks a Director of Investment Controllership for derivatives. You will lead accounting for derivatives across insurance and non-insurance entities, drive process improvements, and partner with Investment Management Operations to ensure accurate GAAP and statutory results and accelerated close.

You will manage a high-performing team, collaborate across cross-functional groups, and serve as the primary liaison with external auditors while