Cash & Securities Management Consultant, Investment Operations

Full-Time

Springfield, MA, Boston, MA or New York, NY

The Opportunity

As a Cash & Securities Management Consultant in our Investment Operations organization, you are responsible for transaction processing and oversight over the lifecycle of invested assets and their portfolios for the Company. This includes assisting in onboarding new managers and investment types, relationship management, customer support, calculation of forecast and funds available investing, general ledger balancing, reporting, reconciliations, payment validations, and complex transaction processing.

The Team

The Investment Operations team is agile and works independently, yet collaboratively. All members are held accountable and are encouraged to grow in the role via peer to peer training, education and industry participation.  To be successful on this team, you must have a strong attention to detail, be able to multi-task, thrive in a fast-paced work environment, have strong interpersonal skills and have a continuous improvement mindset.

The Impact:

The primary responsibility of the Investment Operations Consultant will be to provide Corporate Actions support to Investment management operations. This role will be accountable for processing and reconciliations related to Corporate Action events across multiple asset classes to ensure requirements are met and will be responsible for the escalation of any gaps, which may impact reconciliations. In addition, this role will partner with external service providers in understanding complex investment transactions while ensuring that we minimize operational risk and optimize operational efficiency and effectiveness.

Providing support across Investment Operations specific to Corporate Actions for international/domestic Income, Dividend, Paydowns, Voluntary and Mandatory events.Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing, such as stock splits, rights issues, tender offers etc. Also responsible for managing reconciliation activities, internal reporting and proration on transactions.Responsible for researching and responding to inquiries from internal business groups, Investment Managers, and/or custodians.Works on multiple systems to perform complex corporate action processing, including reviewing announcements, reconciling Investment Manager instructions, and posting cash and security transactions. 

The Minimum Qualifications

5+ years working in the financial services sector in similar investment operations capacity

The Ideal Qualifications

Four-year Bachelor’s Degree preferredExperience in corporate actions preferredStrong financial markets product knowledge and understanding of the transaction lifecycle in Corporate ActionsProficiency in Microsoft Office (Outlook, Excel, Power Point and Word), VBA and Visio experience a plusAbility to communicate across all levels of the organization, comfortable interacting with vendors, business partners, external managers investment management and technologyAbility to work across multiple priorities with limited guidanceAbility to independently explore solutions to a problem and adapt quickly to changesCollaboration skills and the ability to work in a team-based environment Knowledge of Eagle PACE or like Data Management Tool a plusKnowledge of Eagle STAR or like Investment Accounting platform a plusNatural curiosity, love of learning, calm under pressure in the face of multiple urgent priorities, relish the challenge of solving puzzles and intellectual challenges and be comfortable with the ambiguity presented by new situations. Must be eligible to work in the United States without sponsorship now or in the future

What to Expect as Part of MassMutual and the Team

Regular meetings with the Investment Operations teamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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-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. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

Salary Range: $99,800.00-$131,000.00