DIRECTOR INVESTMENT CONTROLLERSHIP- DERIVATIVES

Company: MassMutual
Location: Bayonne
Posted on: November 11, 2024

Job Description:

Director Investment Controllership- Derivatives Controllers Organization of Corporate Finance Full-TimeNew York, NY - preferred locationWill also consider candidates based in Boston, MA or Springfield, MA 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 OpportunityAs a Director 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 a Director, you will be an experienced accounting professional who wants to work with a diverse team of highly motivated professionals focused on proactively driving the development and execution of process improvement, meaningful analysis and control execution for investment accounting activities.This work schedule is a hybrid structure to maximize collaboration and flexibility, blending time working remotely and in the office, at our New York, NY location.The TeamThe 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.MassMutual is seeking a candidate to lead the investment accounting and controllership for derivatives across our various insurance and non-insurance entities, which entails ensuring the accuracy of the investment results across various derivative strategies on a GAAP and statutory basis. This position 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. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.The Impact:Creates an environment whereby the team is inspired, engaged and motivated by identifying opportunities to learn and growPlays a key role in leading a collaborative and inclusive culture by working closely with Investment Management Operations, Investment Managers and other Controllers teamsManage the monthly reconciliations between the ledger and investment systems for derivatives ensuring the accuracy of the financial statement results as it relates to derivativesOversee preparation of monthly analytics report and present findings to various stakeholders on a monthly basisResponsible for review, accuracy, and timely completion of footnotes and NAIC Schedule DBExecute on process re-design as a result of the increase in our investment strategies and development of analytics for quarterly derivative resultsResponsible 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 reportingPartner with the Investment Middle Office on design of operational processes in the subledger that support the derivatives accounting and controllership activitiesExecute processes and controls that support the derivative accounting and controllership processesServe as a point of contact for external auditors on all derivative related mattersPerform control functions in compliance with NAIC Model Audit Rule and the Company's internal control structurePerform frequent ad hoc analysis and assist with special projects, as requested.The Minimum Qualifications: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 ControllershipBachelor's degree in Accounting, Finance, or related fieldThe Ideal Qualifications:Experience in insurance company Investment GAAP and Statutory accounting including Schedule DBExperience in successful process redesign from system enhancements and conversionExperience with derivate software such as Murex or CalypsoPro-active, detail oriented, deadline driven; possess excellent documentation and analytical skillsResults oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervisionExcellent written and oral communication skillsAble to work well in a dynamic and agile environment while leading the team in execution of various priorities and related deliverablesExperience with different investment types and structuresAble to build and maintain strong working relationships across cross-functional groupsCPA, CFA, CMA, or equivalent designationsWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Investment Controllership Team Focused one-on-one meetings with your managerAccess to mentorship opportunities Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-CR37MassMutual 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, Philadelphia , DIRECTOR INVESTMENT CONTROLLERSHIP- DERIVATIVES, Executive , Bayonne, Pennsylvania