Head of Derivative Controllership

4 weeks ago

Hartford CT United States MassMutual Full time

About the Corporate Controller Organization:

The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the enterprise’s actual results, forecast implications and strategic decision making.  This work considers legal entity structures, distribution channel, and product results as well as how these impact our capital optimization and operating liquidity.

We are a diverse group of professionals experienced in and responsible for accounting, financial reporting, tax, policy and controls, cash operations, corporate finance data and systems management as well as wealth management finance activities.  We are seeking engaging professionals with strong communication skills and deep intellectual curiosity to ensure the timely and efficient reporting of results. We not only perform the required activities. We are looked to as business partners who add value by challenging existing operating practices strengthening controls and highlighting trends and insights.

The Opportunity

As a member in the Controllers Organization of Corporate Finance you will join us as we continue our progress towards becoming best in class financial stewards for MassMutual. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it.  As the Head of Derivative Controllership, you will lead a team that manages derivative investment analysis, accounting and reporting for the Investment Controllership team, while working closely with Investment Management. We are seeking an accounting professional who wants to join a highly motivated team of professionals focused on proactively driving the development and execution of process improvements, meaningful analysis and improved coordination with the business partners for Investment activities.

This work schedule is a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office, at either our Boston, MA,  Springfield, MA or New York City locations.

The Team

The Investment Controllership team is a high-profile team in the Controllers organization, comprised of accounting professionals who oversee our various asset classes and investment activities. The team continues to grow in support of our growing level of assets, key initiatives and special projects. Our team is driven to provide timely and accurate financial information to our customers. We pride ourselves on working with agility and being a reliable source of information in the organization while continuously improving how we work together as a team to make our processes better. Our culture thrives on inquisitive approaches to our work to help identify issues with specificity and demonstrate high levels of accountability to make things right.

The Impact:

As Head of Derivatives Controllership you will lead a team that manages and executes investment accounting and controllership processes, and related analysis. Your responsibilities will also include, but are not limited to the following:

  • Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and grow.
  • Oversees monthly reconciliations between the subledger and trading system for derivatives ensuring the accuracy of the financial statement results as it relates to derivatives
  • Responsible for review, accuracy and timely completion of derivative footnotes and NAIC schedules
  • Initiates and/or leads process re-design as a result of the increase in our hedging strategies and development of analytics for quarterly derivative results
  • Responsible for investment office support for new hedging strategies in collaboration with Accounting Policy to ensure execution of these results in appropriate GAAP, STAT and reinsurance accounting and reporting for derivatives
  • Responsible for the partnership with Investment Middle Office on design of operational processes in the subledger that support the derivative accounting
  • Oversight of TPAs supporting hedge accounting and certain hedging strategies
  • Responsible for the execution of processes and controls that support hedge accounting
  • Point of contact for external auditors on all derivative related matters
  • Oversees control functions in compliance with NAIC Model Audit Rule and the Company’s control structure
  • Perform frequent ad hoc analysis and assist with special projects, as requested

The Minimum Qualifications:

  • Bachelor’s degree in Accounting or Finance
  • Minimum 10+ years of relevant experience in Investment Controllership and/or Investment Operations for derivatives with a foundational understanding of the upstream processes and impacts to downstream accounting and reporting
  • Experience with different derivative investment types and structures
  • Experience analyzing new derivative investments and accounting guidance to drive appropriate and preferred investment accounting and reporting across the Company and subsidiaries
  • Experience in insurance company Investment GAAP and Statutory reporting
  • CPA or CFA required

The Ideal Qualifications:

  • Experience in successful process redesign from system enhancements and conversion
  • Pro-active, detail oriented, deadline driven; possess excellent documentation and analytical skills
  • Results oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervision
  • Excellent verbal and written communication skills with the ability to express ideas in and articulate in an organized and persuasive manner to leadership, staff, regulatory bodies, etc.
  • Able to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverables
  • Able to build and maintain strong working relationships across cross-functional groups
  • Intellectual curiosity to continue learning and adding breadth and depth to understanding

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Investment Controllership Team
  • Focused one-on-one meetings with your manager
  • Access to mentorship opportunities
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-IZ1

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

  • DERIVATIVE RECONCILIATION ANALYST

    1 week ago

    , MA, United States MassMutual Full time

    Derivative Reconciliation AnalystDerivative ReconciliationsFull-TimeSpringfield, MA or Boston, MAThe OpportunityThe analyst will report to the Director of Derivative Reconciliations within the Investment Management Division. The team is responsible for Derivative and Collateral cash reconciliations. The team is diligently working on a multi-year project...

  • Fund Controller

    4 weeks ago

    Springfield, MA, United States MassMutual Full time

    Investment Accountant​Investment Controllership Full-TimeNew York, NY or Boston, MA or Springfield, MAAbout the Corporate Controller Organization:The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business...

  • Benefits Accounting Director

    4 weeks ago

    Worcester, MA, United States MassMutual Full time

    Director – Benefits Accounting Full-Time Boston, MA or Springfield, MAAbout the Corporate Controllers Organization:The Controllers Organization is responsible for delivering on the foundation of credibility and control of the core financial information leveraged across Finance to communicate with leadership, key business partners and regulators on the...

  • Early Head Start Registered Nurse

    5 days ago

    El Monte, CA, United States California Department of Education Full time

    Requirements / Qualifications Required/Qualifications: Licensed Registered Nurse. Services Requested: Not to exceed 666 hours per school year. Job Summary Job Summary Nature of Service: To serve as the Health Content Expert for Early Head Start home-based and center-based students to review health documents, health histories and provide staff training....

  • Early Head Start Home Visitor

    5 days ago

    Placerville, CA, United States California Department of Education Full time

    Requirements / Qualifications Under the supervision of the Executive Director or designee, the Early Head Start Home Visitor is responsible for the overall implementation of an integrated, family focused, home based program serving pregnant women and families with children ages 0-3. A combination of formal education, life experience and work experience at...

  • Full Time Veterinarian

    2 days ago

    Hartford, CT, 06106, Hartford County, CT, United States Lap of Love Full time

    Life is HAPPIER at Lap of Love! Join Lap of Love as an In-Home, Associate Veterinarian in HartfordAre you ready for a change of pace from in-clinic practice? Looking to reconnect with pet families and provide the kind of service you’d always envisioned by having generous appointment times and minimal administrative work? Do you consider yourself a...

  • VP - Market Risk - FRTB/Basel Requirements

    2 weeks ago

    New York, NY, United States Selby Jennings Full time

    We're partnered with a growing international investment bank in NYC looking to add strong VP level talent within their strategic initiatives team. The group is focused on FRTB and Basel 2.5 initiatives, working on implementing new FRTB regulations for the broader risk team to ensure everything is in accordance with regulatory requirements. In-depth knowledge...

  • Assistant Women’s Basketball Coach

    3 weeks ago

    West Hartford, United States University of Hartford Full time

    Assumes responsibility for assisting in the management and administration of all phases of a competitive NCAA Division III sports program in compliance with the philosophies and objectives of the Head Coach as well as the Department of Athletics, The Basketball Coach, Assistant, Coach, Head Coach, Internal, Athletic

  • Senior Technology Product/Programme Manager

    5 days ago

    New York, NY, United States McGregor Boyall Full time

    Business: Structured Equity Derivatives TechnologyRole: Senior Technology Product/Programme ManagerLocation: New YorkOverview:This position will be part of US Equity Derivatives team which is part of the company's Global Banking and Markets Division. The US Equity Derivatives Tech group is a small team based in New York that is responsible for building and...

  • Early Head Start Home Visitor

    5 days ago

    Placerville, CA, United States El Dorado County Office of Education Full time

    About the EmployerAt our core, EDCOE supports the diverse educational needs of El Dorado County's student population not only in schools but throughout the community. Our leadership provides students with progressive and engaging learning experiences, while facilitating collaboration that maximizes resources for school districts and the county alike. Our...

  • Veterinarian - Doctor of Veterinary Medicine

    2 days ago

    Hartford, United States Lap of Love Full time

    Life is HAPPIER at Lap of Love! Join Lap of Love as an In-Home, Associate Veterinarian in HartfordAre you ready for a change of pace from in-clinic practice? Looking to reconnect with pet families and provide the kind of service you'd always envisioned by having generous appointment times and minimal administrative work? Do you consider yourself a...

  • Veterinarian - Doctor of Veterinary Medicine

    3 days ago

    Hartford, United States Lap of Love Full time

    Life is HAPPIER at Lap of Love! Join Lap of Love as an In-Home, Associate Veterinarian in HartfordAre you ready for a change of pace from in-clinic practice? Looking to reconnect with pet families and provide the kind of service you’d always envisioned by having generous appointment times and minimal administrative work? Do you consider yourself a...

  • Veterinarian - Doctor of Veterinary Medicine

    1 day ago

    Hartford, United States Lap of Love Full time

    Life is HAPPIER at Lap of Love! Join Lap of Love as an In-Home, Associate Veterinarian in HartfordAre you ready for a change of pace from in-clinic practice? Looking to reconnect with pet families and provide the kind of service you’d always envisioned by having generous appointment times and minimal administrative work? Do you consider yourself a...

  • New York Top tier Hedge Fund Product Control Opportunity

    2 days ago

    New York, NY, United States Eximius Finance Full time

    The business is globally headquartered in London and the business in  New York is now more established having launched the office in 2021. Currently there are circa 25 Portfolio Managers trading a range of instruments across the FI, Equities, Credit, Commodities and FX space.  After an impressive 2023 returning a a higher percentage than many of their...

  • New York Hedge Fund Product Control/IPV

    1 month ago

    New York, NY, United States Eximius Finance Full time

    Top tier London based Hedge fund with circa $10Bn AUM who's US New York office has grown very well over the last few years. The fund focus on the full range(Multi-Strat) of asset class trading are looking for someone with a structured/exotic derivatives PnL experience from a product control and or IPV background to work on the trading floor amongst some of...

  • GAO Finance Systems Services, Managing Director

    2 weeks ago

    Boston, MA, United States State Street Corporation Full time

    Why this role is important to us Global Accounting Operations (GAO) is an integral part of Controllership and Finance. Some of the key accounting processes that are in GAO include Balance Sheet Substantiation, Revenue Accounting Expense Accounting, Specialized Accounting, Integrated Close & Intercompany and Finance Systems Services (FSS). Global Accounting...

  • NURSE CLINICAL/UKHC

    3 weeks ago

    , KY, United States The University of Kentucky Full time

    The Head, Neck and Respiratory Clinic in Markey Cancer Center provides care for patients with a wide range of oncology issues. Patient conditions include head and neck cancer, lung cancer, brain cancer, oral and throat cancer. This clinic specialized Clinical, Nurse, Clinic, Patient Care, Healthcare, Education, Nursing

  • Fiscal/Administrative Officer(Hybrid)

    10 hours ago

    Hartford, United States State of Connecticut Full time

    Introduction The , the Department of Children and Families () ) is seeking to fill one position within the Department's Contracts Administration Unit. Located primarily at Central Office, 505 Hudson Street, Hartford, CT, this position is full-time, 40 hours per week, Monday-Friday, with flexible hours. Comprehensive Benefit Offerings:  The...

  • Head of Insurance Strategy, Managing Director

    8 hours ago

    Boston, MA, United States State Street Corporation Full time

    We are seeking a Head of Insurance Strategy, to lead a newly created team with global responsibility of strategists with primary responsibility to develop and drive all business strategies to grow significant market share across the Insurance client segment globally. This Insurance centre of excellence, will work closely with Global Client Coverage Group...

  • Operations Analyst/Associate

    5 days ago

    Charleston, SC, United States Selby Jennings Full time

    Job Title: Operations Analyst/Associate Work Model: Hybrid based in Charleston, 3x a week in office (IF NOT LOCAL TO CHARLESTON MUST RELOCATE) Summary: An elite high frequency proprietary trading firm is seeking both an Analyst and Associate Operations specialist to join their Post Trade team. The role is based in Charleston, SC. You will get to work...