Skip to main content
Search Jobs
Female employee outside posing for photo

Come Grow With Us

Derivative Reconciliation Analyst

Springfield, Massachusetts; Boston, Massachusetts

Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!

Overview

Finance and Accounting is at MassMutual’s core, and our team is ushering in an era of growth. We are looking for bold ideas, creative solutions, and comfort embracing change. We strive to build a diverse team and leverage different points of view to optimize processes and build strong relationships.

Our team is motivated by challenging work that delivers substantial impact in a culture of accountability and collaboration. We treat policyowners and customers fairly and prioritize financial stability. Being part of a mutual company means that our teams can think long-term, and employees can dive deep into the complex structure of products and the organization.

Our finance teams are experts in their field and thrive in fast-paced environments. They balance the needs of the business and invest in the long term, while always putting the customer first. They align their work with our live mutual philosophy and strive to always make the right choice for our policyowners. We are building a team that truly embodies ‘together we move forward’.

What our employees say

Betsy Ward
Betsy WardChief Financial Officer
“Our finance team brings an incredible suite of skills to the table and they are applying that expertise to company-wide analysis and strategy. Right now, we have a lot of opportunities where people can make a difference. We’re looking for people who can help write our next chapter.”

Job Description

Derivative Reconciliation Analyst

Derivative Reconciliations

Full-Time

Springfield, MA or Boston, MA

The Opportunity

The analyst will report to the Director of Derivative Reconciliations within the Investment Management Division. The team is responsible for Derivative and Collateral cash reconciliations. The team is diligently working on a multi-year project related to the transformation of MassMutual’s Derivatives and Collateral Platform. The effort entails the building business requirements for data management and cash reconciliations. There is continuous development and knowledge growth including working with the areas within the Derivative Center of Excellence, Derivative Trade Operations team, Collateral Management team and the Investment Pricing team.

The Team

The analyst will report to the Director of Derivative Reconciliations within the Investment Management Division. The team is responsible for Derivative and Collateral cash reconciliations. The team is diligently working on a multi-year project related to the transformation of MassMutual’s Derivatives and Collateral Platform. The effort entails the building business requirements for data management and cash reconciliations. There is continuous development and knowledge growth including working with the areas within the Derivative Center of Excellence, Derivative Trade Operations team, Collateral Management team and the Investment Pricing team.

The Impact

  • Processing of reconciliations in current and future Derivative platforms
  • Resolving data and cash reconciliation breaks, collaborating with the Derivative Center of Excellence and the Investment Controllership team.
  • Drives continuous improvement in the Derivative Ecosystem.
  • Work in conjunction with team members, internal and external business partners to research and accommodate new derivative products traded by the investment managers.
  • Supports the Derivative Life Cycle for both the Front Office and the Back-Office areas including Investment Management, Traders, Accounting and Tax.
  • Analysis for derivative settlement discrepancy, review and resolution.
  • Research and Analysis for collateral management reconciliation. Including but not limited to Cash and Securities posted and held related to Uncleared Margin, Regulatory Margin, Cleared Margin and SIMM UMR.
  • Completing periodic Audit, Sarbanes Oxley and daily reporting.

The Minimum Qualifications

  • Bachelor’s degree in Finance, Accounting, Business Management, or other related field.
  • 2+ years of investment data and cash reconciliations experience with an understanding of systems and data management.

The Ideal Qualifications

  • Understanding of investment operations processes and related data workflows and integration.
  • Ability to work with investment data providers and consumers to analyze, recognize issues and assist in issue resolution.
  • Strong collaboration skills and ability to work in a team-based environment.
  • Effective communication skills with ability to address and resolve disputes tactfully
  • Adapts to a fast-paced, high-intensity environment
  • Ability to organize and prioritize tasks to achieve deadlines
  • Knowledge in OTC and Exchange Traded Derivatives
  • Familiarity with TriOptima portfolio reconciliation
  • Experience with Calypso/Adenza Investment Systems
  • Experience with Murex Systems
  • Experience with SAP
  • Experience in Life Insurance and/or Investment Management a plus

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Derivative Reconciliations team
  • Focused one-on-one meetings with your manager
  • Access to mentorship opportunities
  • 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-MM1

MassMutual 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.
EEO Statement(Opens in new window)

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.


Salary Range: $84,100.00-$110,300.00

Hiring Process

  • Explore

    To get started, explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network to receive information on jobs that may interest you and stay up-to-date with the latest MassMutual news.

  • Apply

    To apply for a specific position, please click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter which, due to the volume of applications received, may take some time as we carefully consider each application.

  • Screen

    After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.

  • Interview

    If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team. Coordinating calendars for interview schedules can take time, so your patience and flexibility is appreciated.

  • Offer

    If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.

  • Hire

    If you accept the offer, we will be so excited to welcome you to the MassMutual community!

Recruitment Fraud Awareness

Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.

MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.

If you are contacted by anyone asking for information outlined above it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us directly to verify its legitimacy.

MassMutual 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.

EEO Statement

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need. MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.

Award-Winning Culture

MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure—it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.

We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.

At MassMutual, we Live Mutual.

Two men having a conversation while walking

Benefits for the whole you (and your loved ones)

There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1250 annual wellness wallet, and up to 320 hours of caregiver leave.

Explore some of our offerings below. Full benefits details can be found here

  • In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to take care of yourself or someone you love—whether for physical illness or mental health.
  • Medical and dental insurance
  • Life, disability short-term and long-term insurance
  • Well-being wallet: $1,250 per year for a wide range of qualifying wellness expenses
  • Well-being support: Mindfulness, nutrition, fitness
  • Personalized mental health solutions
  • Adoption and surrogacy reimbursement programs
  • Competitive salary and bonuses
  • 401(k): Up to 10% total benefit, consisting of a 5% company match and a 5% annual contribution
  • Educational assistance program
  • Childcare support
  • Financial counseling
  • Caregiver Leave (up to 320 hours)
  • Maternity Leave (a total of 18 weeks, 10 maternity + 8 parental)
  • Parental Leave (8 weeks for all parents, birth or adoption, continuous or intermittent)
  • Bereavement Leave: Up to 15 days to mourn the loss of a loved one, and you define 'loved one'
  • Matching Gift: 100% match on employees’ charitable contributions to non-profits up to $5,000
  • Volunteering: Three paid days for employees to volunteer with eligible nonprofits of their choice
  • Matching time: MassMutual Foundation awards dollars to organizations for which employees volunteer
  • Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars
  • Commuter wallet option for employees based at Boston and NYC campuses

How we work

MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.

   

  

Two women having a conversation

Where we work

Springfield Office

1295 State Street,
Springfield, MA

Boston Office

10 Fan Pier Blvd,
Boston, MA

New York Office

2 Park Ave,
New York, NY

Virtual

New Job Openings

Interested in pursuing a career as a financial professional? Learn how you can build your business and help people secure their future and protect the ones they love.

Join Our Talent Network. Check out why it’s great to work at MassMutual.

Please complete the form to join our Talent Network, which means you’ll receive follow-up emails with additional information on jobs that might interest you, MassMutual news, and information about what it’s like to work here.

Opt-in Promotion

By submitting this form I agree to receive career opportunity information from MassMutual and acknowledge that I have read and understood the Online Privacy Notice, and if applicable, the California Consumer Privacy Act Disclosure, including the categories of personal data being processed, the way they are processed, the purposes and the legal grounds for processing, the retention period, the recipients of my personal data, the security of my personal data, as well as my data processing rights.

Join our Talent Network and have news and jobs delivered to you.