Director of Derivatives Investment Controllership

Jobtome; New Milford (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities and ensure accurate GAAP and statutory results. You will drive process improvements, collaborate with Investment Management Operations and other Controllers teams, and oversee key monthly analytics and footnote reviews.

The ideal candidate has 8+ years in investment accounting, strong communication, and a leadership track record in a fast-paced, regulatory environment.

Qualifications

• Bachelor’s degree required; 8+ years in Investment Accounting/Operations incl. derivatives.
• 3+ years in insurance Investment GAAP with Statutory accounting incl. Schedule DB.
• 2+ years in people leadership or 5+ years informal leadership.

Responsibilities

• Lead investment accounting and controllership for derivatives across entities.
• Oversee monthly reconciliations between ledger and investment systems.
• Prepare analytics reports and present findings to stakeholders monthly.
• Review footnotes and NAIC Schedule DB for accuracy and timely completion.
• Design process redesign for derivatives and support hedging strategies.
• Collaborate with Investment Office on subledger processes and controls.
• Serve as liaison with external auditors on derivative matters.
• Ensure compliance with NAIC Model Audit Rule and internal controls.

Skills

Analytical skills

Communication skills

Leadership

Deadline-driven

Education

Bachelor’s degree

Tools

SQL

Aladdin platform

Job description

MassMutual is seeking a Director in Investment Controllership to lead derivatives accounting across multiple entities and ensure accurate GAAP and statutory results. You will drive process improvements, collaborate with Investment Management Operations and other Controllers teams, and oversee key monthly analytics and footnote reviews.

The ideal candidate has 8+ years in investment accounting, strong communication, and a leadership track record in a fast-paced, regulatory environment.