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Director, Credit & Valuation - Investment Controllership

Director, Credit & Valuation - Investment Controllership

MassMutualNew York, New York, US
23 days ago
Job type
  • Full-time
Job description

The Opportunity

As a Director, Credit & Valuation 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.

You will be a leader on the team that manages and executes Investments Credit & Valuation accounting and analysis for the entire MassMutual portfolio of $300B+, including oversight of reporting. You will thrive in a highly dynamic and agile investment environment, where we are focused on both execution and improvement of outcomes. If you want to continue your career as a part of a diverse team of highly motivated professionals who are focused on driving process improvement, meaningful analysis and control execution for insurance accounting activities, this role is for you!

The Team

As a member of the Financial Controllership Team, the incumbent will be involved in shaping the future of the organization, supporting both the on-going growth and analysis within the Investment Controllership team and other key initiatives.

The Impact

As a Director & lead of the Credit and Valuation department for CFO, you will execute, lead and manage Credit and Valuation team by ensuring the accurate, timely & insightful data analysis, accounting & reporting from Credit risk and Valuation perspective of the entire investment portfolio that primarily includes fixed income securities and sizeable Alternatives, Equity, Derivatives and other investment types for quarterly and annual accounting close cycles by effectively planning, monitoring, and problem solving. You will be responsible for all things Credit and Valuation that include quarterly impairment, CECL, Valuation matrix as well as assessment of valuation models, analysis of investment documents & indenture, to ensuring accuracy, completeness & transparent data insight for credit risk, valuation and related reporting to senior management, internal & external auditors, other stakeholders & in compliance with accounting regulations. This includes the monitoring and governance, oversight, process change and transaction controls, including those executed by third parties that provide accounting services to the Company. You will also contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in investment product accounting and related financial impacts. Your daily / monthly responsibilities will include, but are not limited to the following :

  • SPOC & SME for all credit and valuation matters related to the Investment portfolio
  • Leadership and collaboration with Investment Management, ERM, Investment Operations, Reporting, Internal & External auditors and other stakeholders and provide timely, accurate, complete & insightful data analysis, reporting & presentation
  • Lead the team and design, implement and execute roles and responsibilities of the department
  • Coach, mentor, train and positively engage the team and stakeholders for cohesive credit and valuation strategy for the Controller & CFO organization
  • SME and key lead for the Valuation, Credit & CECL committees including presentation of quarterly, annual reporting and ad-hoc analysis
  • Review of key work papers and reports including, impairment assessment framework, watchlist maintenance, default & credit analysis & related accounting, disclosures & reporting etc.
  • Review of CECL model input, output and implement comprehensive data analytics framework, controls and related accounting, disclosures & reporting etc.
  • A key SME & lead for Valuation function, that provide comprehensive analysis, reconciliation, pricing & review of valuation methodologies, data analytics and accounting & reporting
  • Lead team for timely and accurate monthly \ quarterly accounting closes tasks
  • Monitors, market, industry and peers’ trends and overall macro environment
  • Lead and participate in re-engineering & improvement projects for Credit & Valuation

The Minimum Qualifications

  • 8+ years of progressive experience in credit, valuation, and accounting, with a focus on Fixed income assets class
  • 5+ years of in-depth experience in credit / valuation from insurance or large fixed income manager
  • Bachelor’s degree in finance or business, or related field. Strong preference for Statistics or Credit

    • The Ideal Qualifications

  • 10+ years of experience in credit, valuation, accounting, with focus on Fixed income assets class
  • CFA ideal
  • Experienced with Data Analytics, big data, trends with presentation and reporting
  • Experienced with credit risk & valuation models, methodologies and best practices
  • Candidate must have advanced data management skills and through understanding of data flow & transactions cycle of fixed income security from trade to reporting, distress & recovery analysis
  • Strong interpersonal and communication skills with emotional intelligence are essential
  • Independent, self-motivated, detail-oriented and able to multi-task, sound judgement to deal with and manage conflicting priorities
  • Cohesive, concise and clear communication and presentation style with ability to adapt & change

    • What to Expect as Part of MassMutual and the Team

  • Regular meetings with the stakeholders & Controllers organization lead
  • Focused one-on-one meetings with your manager
  • Networking opportunities including access to Asian, Hispanic / Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms.
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.

    • LI-CR37

    Salary Range :

    137,800.00-$180,800.00

    At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

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