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Director, Investment Controllership – Derivatives (STAT & GAAP)
MassMutual. Lead investment accounting and controllership for derivatives across insurance and non-insurance entities .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in Investment Accounting and Controllership for derivatives, ensuring compliance with GAAP and statutory standards while leading process enhancements and fostering a collaborative team environment.
Highest-signal resume keywords
Investment AccountingDerivatives AccountingGAAP and Statutory AccountingLeadership and Team ManagementAnalytical Skills
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Investment AccountingDerivatives AccountingGAAP AccountingStatutory AccountingFinancial AnalysisReconciliation ManagementProcess RedesignHedging StrategiesSystem ConversionSubledger Implementation
Soft Skills
Strong Communication SkillsTeam LeadershipCollaborationCoaching and MentoringRelationship Building
Tools & Technologies
Aladdin PlatformSQL
Certifications & Qualifications
CPACFACMA
Industry Keywords
Investment OperationsNAIC Model Audit RuleInvestment ManagementInvestment StrategiesAnalytics Reporting
Tech Stack
Tools & technologiesSQL
About the role
Key responsibilities & impact- Lead investment accounting and controllership for derivatives across insurance and non-insurance entities
- Ensure accuracy of investment results across derivative strategies on a GAAP and statutory basis
- Support process enhancements for an accelerated close producing timely, accurate, and complete investment accounting results
- Create an environment where the team is inspired, engaged, and motivated to learn and grow
- Lead a collaborative and inclusive culture with Investment Management Operations, Investment Managers, and other Controllers teams
- Manage monthly reconciliations between the ledger and investment systems for derivatives
- Oversee monthly analytics reports and present findings to stakeholders
- Review footnotes and NAIC Schedule DB for accuracy and timely completion
- Lead and execute process redesign efforts for derivatives and enhance analytics supporting quarterly derivative results
- Support implementation of new hedging strategies and evolving accounting standards
- Collaborate with Accounting Policy on GAAP and statutory accounting treatment
- Partner with the Investment Middle Office to design subledger operational processes
- Execute and oversee derivative accounting and controllership processes and controls
- Serve as point of contact for external auditors on derivative-related matters
- Perform control functions in compliance with NAIC Model Audit Rule and the company’s internal control structure
- Perform ad hoc analysis and assist with special projects
Requirements
What you’ll need- Bachelor’s degree
- 8+ years of progressive experience in Investment Accounting and/or Investment Operations, including derivative investments
- Foundational understanding of upstream processes and impacts to downstream accounting and controllership
- 3+ years of experience in insurance company Investment GAAP combined with Statutory accounting including Schedule DB
- 2+ years of experience as a people leader managing direct reports OR 5+ years demonstrating informal leadership by guiding, coaching, and supporting colleagues
- Strong communication skills
- Strong analytical, written, and verbal communication skills
- Ability to work effectively in a complex, fast-paced, dynamic, agile, and evolving environment
- Experience with different investment types and structures
- Experience with system conversion or subledger implementation
- Ability to build and maintain strong working relationships across cross-functional groups
- CPA, CFA, CMA, or equivalent designations are ideal qualifications
- Experience with Aladdin platform and SQL is a plus
Benefits
Comp & perks- Competitive salaries
- Incentive and bonus opportunities
- Bonus target or Variable Incentive Compensation component for sales-focused roles
- Access to learning, development, and internal networks
- Employee-led communities and forums supporting connection, learning, and inclusion
- Industry leading pay and benefits
- Inclusive, vibrant, and diverse culture
- Accommodation support for the application process