Director Investment Controllership- Derivatives

Company: MassMutual
Location: Hartford
Posted on: September 30, 2024

Job Description:

About the RoleWe are seeking a highly skilled and experienced Director to lead our Investment Controllership team in the Controllers Organization of Corporate Finance. As a key member of our team, you will be responsible for ensuring the accuracy of investment results across various derivative strategies on a GAAP and statutory basis.Key Responsibilities

• Manage the monthly reconciliations between the ledger and investment systems for derivatives, ensuring the accuracy of 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 process re-design as a result of the increase in our investment strategies and development of analytics for quarterly derivative results.
• 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.About MassMutualMassMutual 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.

Keywords: MassMutual, Hartford , Director Investment Controllership- Derivatives, Executive , Hartford, Connecticut