Director Investment Controllership- Derivatives

7 days ago


Springfield, Massachusetts, United States MassMutual Full time
About the Opportunity

We are seeking a highly skilled and experienced Director to join our Investment Controllership team. As a key member of our team, you will be responsible for leading the investment accounting and controllership for derivatives across our various insurance and non-insurance entities.

Your primary focus will be on ensuring the accuracy of the investment results across various derivative strategies on a GAAP and statutory basis. You will also support continued process enhancements related to achieving an accelerated close that produces timely, accurate, and complete investment accounting results in an efficient manner.

Key Responsibilities
  • Manage the monthly reconciliations between the ledger and investment systems for derivatives ensuring the accuracy of the financial statement results as it relates to derivatives
  • Oversee preparation of monthly analytics report and present findings to various stakeholders on a monthly basis
  • Responsible for review, accuracy, and timely completion of footnotes and NAIC Schedule DB
  • Execute on process re-design as a result of the increase in our investment 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
  • Partner with the Investment Middle Office on design of operational processes in the subledger that support the derivatives accounting and controllership activities
  • Execute processes and controls that support the derivative accounting and controllership processes
  • Serve as a point of contact for external auditors on all derivative-related matters
  • Perform control functions in compliance with NAIC Model Audit Rule and the Company's internal control structure
  • Perform frequent ad-hoc analysis and assist with special projects, as requested
Requirements
  • 8+ years of relevant experience in Investment Accounting and/or Investment Operations for derivative investments with a foundational understanding of the upstream processes and impacts to downstream accounting and Controllership
  • Bachelor's degree in Accounting, Finance, or related field
About MassMutual

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.



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