Derivative Reconciliation Analyst

Are you a detail-oriented individual with a strong background in financial analysis and reconciliation? Do you thrive in a fast-paced, dynamic work environment? If so, we have an exciting opportunity for you at Massachusetts Mutual Life Insurance as a Derivative Reconciliation Analyst. In this role, you will be responsible for ensuring the accuracy and completeness of all derivative trades and contracts, and will play a crucial role in maintaining the financial integrity of our organization. We are seeking a highly motivated and analytical individual with exceptional problem-solving skills and a passion for precision. If this sounds like you, we encourage you to apply and join our team of dedicated professionals.

1. Conduct daily, monthly, and quarterly reconciliations of all derivative trades and contracts to verify accuracy and completeness.
2. Identify and investigate any discrepancies or errors in the reconciliation process.
3. Collaborate with various departments, including trading, accounting, and risk management, to resolve any discrepancies and ensure accurate reporting.
4. Maintain documentation and records of all reconciliation activities.
5. Stay updated on industry regulations and best practices related to derivative trading and reconciliation.
6. Develop and implement processes and procedures to improve the efficiency and effectiveness of the reconciliation process.
7. Communicate regularly with internal stakeholders to provide updates on reconciliation status and address any issues or concerns.
8. Analyze and interpret financial data to identify trends and potential risks.
9. Assist in the preparation of financial reports and presentations for senior management.
10. Participate in audits and provide necessary support and documentation.
11. Keep abreast of changes in the company's derivative portfolio and assess the impact on reconciliation processes.
12. Train and mentor new employees on reconciliation procedures and best practices.
13. Maintain a high level of accuracy and attention to detail in all reconciliation tasks.
14. Adhere to strict deadlines and prioritize tasks to ensure timely and accurate completion of all responsibilities.
15. Continuously evaluate and recommend improvements to the reconciliation process to promote efficiency and accuracy.

According to JobzMall, the average salary range for a Derivative Reconciliation Analyst in Boston, MA, USA is between $65,000 and $95,000 per year. This may vary depending on the specific company, years of experience, and other factors.

The Massachusetts Mutual Life Insurance Company, founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.