Director of Software Applications - REMOTE

Director Investment Controllership- Derivatives Controllers Organization of Corporate Finance

Full-Time

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. As 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. 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 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. 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. Plays a key role in leading a collaborative and inclusive culture by working closely with Investment Management Operations, Investment Managers and other Controllers teams

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

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

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.

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

Experience in insurance company Investment GAAP and Statutory accounting including Schedule DB

Experience with derivate software such as Murex or Calypso

Results oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervision

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

Regular meetings with the Investment Controllership Team

Networking opportunities including access to Asian, Hispanic / Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups

Access to learning content on Degreed and other informational platforms

MassMutual is an Equal Employment Opportunity employer Minority / Female / Sexual Orientation / Gender Identity / Individual with Disability / Protected Veteran. 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.