Alternative Investments Analyst

| Greater Boston Area

​​

Investment Analyst – Alternative Investments

Investment Management

This role is responsible for the evaluation, recommendation and on-going monitoring of MassMutual Investment Management’s portfolio of alternative investments, including private equity, private credit, real estate, hedge funds or other liquid alternatives and alternative fixed income investments accessed through limited partnership positions, separately managed accounts and insurance dedicated funds (“Alternative Investments”) in collaboration with the Alternative Investments team members. This position will support all aspects of the Alternative Investments platform, including but not limited to, sourcing and underwriting investment opportunities, portfolio monitoring, reporting, forecasting and communications, analytics and modeling, and supporting/leading special projects.

The Alternative Investments team operates as part of MassMutual Investment Management (“IM”). IM manages the asset allocation and asset liability management for MassMutual’s $140 billion General Investment Account (“GIA”). IM monitors and oversees the performance of both affiliated and unaffiliated managers for the GIA and directly selects certain opportunistic and strategic Alternative Investments for the GIA. Many Alternative Investments are through third party fund investments or through the negotiation of separately managed accounts. However, this role will also support analysis, negotiation and execution of some co-investments and direct investments.

CORE DUTIES AND RESPONSIBILITIES:

  • The primary responsibility of the Investment Analyst is “cradle-to-grave” “ownership” of Alternative Investments made in response to the analyst’s recommendation or which have been assigned to the analyst.
  • Evaluation, modeling, peer benchmarking and decision recommendations relative to various strategic or opportunistic Alternative Investments.
  • In-depth research of various investment-related topics relative to evaluation of potential investment opportunities.
  • Accurate maintenance of transaction pipeline report of pending transactions, in accordance with Departmental Standard Work.
  • Quantitative and qualitative review at least quarterly of the analyst’s Alternative Investments and performance grading in accordance with Department Standard Work.

    IDEAL CANDIDATE:

    The Investment Analyst will need to demonstrate strong analytical, modeling and problem-solving skills that can be applied dynamically and flexibly across different projects. Due to the diversity of Alternative Investments, this is a role that will tend to present many new and one-off problems and issues for the analyst to address. Analytical responsibilities may also extend to evaluating individual bond or loan assets or private equity, private debt or other private placement investment funds that serve as collateral for proposed transactions. The successful candidate will have natural curiosity and a love of learning, relish the challenge of solving puzzles and intellectual challenges and be comfortable with the ambiguity presented by new situations. At the same time, the successful candidate will naturally formulate answers or solutions to those ambiguous situations based upon empirical data. While this is not an actuarial role, a basic comfort with the meaning of probability distributions will be essential to making decisive decisions within an uncertain environment. Similarly, this is not a legal role, but the analyst must be comfortable reviewing legal documentation for their transactions. 

    THE BASIC REQUIREMENTS:

  • Bachelor’s degree with at least 3 years of relevant investment experience required
  • Interest in finance/investments, with basic accounting knowledge
  • Strong analytical and problem solving skill set
  • Ability to work closely with portfolio managers and senior management
  • Excellent communication and interpersonal skills to work in a fast paced, team environment
  • Ability and openness to understanding operational, accounting, and legal aspects of investments
  • MBA or CFA strongly preferred (or enrolled as a CFA candidate)

    WORK LOCATION: Boston (Fan Pier)

    Ranked No. 77 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2017) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. 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. At MassMutual, we Live Mutual.


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Location

We currently have two Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

How do you collaborate with other teams in the company?

As a Product Owner, I spend most of my time collaborating with others across different business units. On any given day, I could be spending time brainstorming design concepts of upcoming features with our design team or assisting them with presenting these concepts to outside users as part of our user testing process.

Ryan

Digital Product Owner

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Digital Lead

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Product Manager

What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with Nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity.
Intracompany committees
Daily stand up
Team owned deliverables
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Unconscious bias training
Diversity manifesto
Someone's primary function is managing the company's diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability Insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life Insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) Matching
Performance Bonus
Match charitable contributions
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous Parental Leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Family Medical Leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid Volunteer Time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid Holidays
Paid Sick Days
Occasional illness: up to 5 days per calendar year.
Perks & Discounts
Casual Dress
Commuter Benefits
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and learns
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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