Director Investment Controllership- Derivatives

5 days ago


Springfield, Massachusetts, United States MassMutual Full time

About the Opportunity

We are seeking a highly experienced and skilled Investment Accounting Leader to join our team at MassMutual. As a Director in the Controllers Organization of Corporate Finance, you will play a key role in leading a collaborative and inclusive culture, working closely with Investment Management Operations, Investment Managers, and other Controllers teams.

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 the preparation of monthly analytics reports 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.

Preferred Qualifications

  • Experience in insurance company Investment GAAP and Statutory accounting, including Schedule DB.
  • Experience in successful process redesign from system enhancements and conversion.
  • Experience with derivative software such as Murex or Calypso.
  • 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 written and oral communication skills.
  • Able to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverables.
  • Experience with different investment types and structures.
  • Able to build and maintain strong working relationships across cross-functional groups.
  • CPA, CFA, CMA, or equivalent designations.


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