Impact Investing at MassMutual seeks to make market rate financial returns and have a positive social and/or environmental impact that is measurable. Philanthropy alone cannot solve our society's problems - institutional capital can and should play a role. There are clear societal and global needs to address the wellbeing and prosperity of people and the health of the planet. By adding an impact lens to our investment process, we can evaluate our investment outcomes and their social and environmental additionalities.

MassMutual's commitment to diversity, equity and inclusion is at the heart of impact investing's investment thesis and operational practices.

At MassMutual we know the best talent can come from anywhere and there is tremendous opportunity in the companies and funds that are currently being filtered out in status quo investment practices. Impact Investing is building innovative approaches and alternatives in deal sourcing, selection, diligence and underwriting to identify high potential investments that have the additional benefit of reducing structural inequities and closing the racial wealth gap. Within our Direct Impact Investing program, we are applying two approaches to this work:

MassMutual Catalyst Fund is a $50 million fund that makes direct investments into high potential overlooked Massachusetts based startups. There are two sleeves of capital: a $25 million Growth sleeve to target equity and debt investments in Black-owned, founded or managed businesses across Massachusetts and a $25 million Technology & Sustainability sleeve to target equity investments in companies based outside of Boston to fuel innovation happening in other cities and rural parts of the Commonwealth.

MassMutual Emerging Manager Program is a $50 million initiative that invests in underrepresented first time or emerging fund managers. There are two sleeves of funding: $25 million to invest in Black led funds and $25 million to invest in LatinX and Indigenous led funds, in each case where investing in BIPOC (Black, Indigenous, and people of color) led companies is part of the fund's investment thesis.

The Role:

The Direct Impact Investment Analyst (the “Impact Analyst”) will be a key member of the Direct Impact Investing team and a thought-leader integral to the development of MassMutual's strategy to get capital to qualified, but under-represented Massachusetts entrepreneurs. The Impact Analyst will report to the Head of Direct Impact Investing, and work with the Head of Direct Impact Investing and the Lead Portfolio Manager, to originate, underwrite, close, monitor and report upon direct investments for the MassMutual Catalyst Fund. This responsibility extends to evaluating what is proven effective and what requires further innovation as we seek to build up, evolve and expand the MassMutual Catalyst Fund.

Given the comparatively immature nature of the target companies for the MassMutual Catalyst Fund, the Impact Investing Team's responsibilities will include coaching of, and advising and consulting with, the entrepreneurs leading these portfolio companies. As such, the Impact Analyst will need, under the mentorship of the Head and the Lead Portfolio Manager, to be able to work with emerging entrepreneurs in a constructive and consultative to help those entrepreneurs identify and solve their respective business problems. In addition, the Impact Analyst will have responsibility to monitor existing investments in our predecessor direct impact fund, the Springfield Venture Fund (“SVF”), to recommend when SVF portfolio companies merit follow-on investments and provide similar coaching and consulting relative to portfolio companies of SVF.

MassMutual's goal is to be integrated into, and integral to, the Massachusetts impact investing community. This proactive approach to sourcing is critical to sourcing those under-represented entrepreneurs for the Catalyst Fund that have the requirements, with the application of capital, to succeed. As part of the Direct Impact team's representation of MassMutual and the Catalyst Fund within that community, the Impact Analyst is expected to observe and evaluate emerging minority-led fund managers working with the community and investing in BIPOC-led companies, both within the Commonwealth and more broadly. Where the Impact Analyst finds such managers that the Impact Analyst expects to deliver both substantial economic and impact returns, the Impact Analyst, under the supervision of the Head and Lead Portfolio Manager will originate, underwrite, close, monitor and report upon those investments for the MassMutual Emerging Manager Program.

As a critical member of the Impact Investment team, you will work in an innovative, impact driven, fast paced, collaborative environment to drive financial returns and social change. You will be formally presenting your investment recommendations to the Investment Committee of the Catalyst Fund and/or to MassMutual's investment approval committees. A consultative, hands on, culturally competent approach coupled with demonstrated experience of startup financing, venture capital, private equity and/or alternative investments are required daily to source, analyze, negotiate, model, underwrite and provide human capital to entrepreneurs and emerging fund managers.

Responsibilities:

Under the direction and guidance of the Head of Direct Impact Investing and the Lead Portfolio Manager, actively participate in all aspects of investment sourcing, analysis/selection, due diligence process, negotiating deal terms, financial and impact return models and investment recommendation generation for direct impact investments for the MassMutual Catalyst Fund and fund investments for the MassMutual Emerging Manager program investments.
Complete ownership of relationship, experience and progression of assigned companies/funds from application phase through maturity of the investment, unless the investment is rejected, as an ambassador for MassMutual with awareness that the Impact Analyst and the Direct Impact Investing team may be providing the first institutional capital experience for founders and emerging fund managers.
Perform ongoing monitoring, analysis and reporting of investments' financial results and impact contributions.
Conduct market and industry research and be informed about current and developing sector trends.
Under the supervision of the Head and the Lead Portfolio Manager, provide mentorship, advisory capacity, network expansion, MM board representation and human capital support to assigned portfolio companies and funds.
Test, create, optimize and share 2.0 strategies, processes and metrics to continuously improve the process from deal generation to selection, to due diligence, to structuring & underwriting and to monitoring and realization so as to analyze our successes and failures and to evolve and innovate our current direct impact programs for future expansion.

The Minimum Qualifications

Minimum of 3 years of total investment or management consulting work experience and a minimum of 1 year of work experience specific to venture or angel investing
Experience working with diverse and inclusive teams, startups, companies and cultures.
Undergraduate degree.
Excellent proficiency in Microsoft PowerPoint, Excel and other data systems.
Willingness to relocate to Massachusetts.

The Ideal Qualifications:

Prior experience underwriting direct impact investments to entrepreneur-led businesses.
Strong analytical and written/verbal communication skills, including synthesizing research and concepts into actionable insights and investor-facing deliverables in a timely manner.
Intellectually, relentlessly curious self-starter with a strong aptitude for quantitative and qualitative analysis.
Critical thinking skills, creativity, and out of the box problem solving skills.
Charter Financial Analyst or similar qualifications.
Team-oriented and organized, self-motivated with the proven ability to manage multiple projects with a broad range of stakeholders to deliver results in a dynamic environment.
Accountable, with a strong sense of ownership and attention to detail.
High degree of professionalism, integrity, and maturity.

(#LI-SE1)

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.

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Alex Mark

Director of Migration Technology

SYNERGISTIC INNOVATION

Making finance fun, agile and innovative

To Alex Mark, ‘synergy’ isn’t a buzzword. It’s what he works to optimize as MassMutual’s director of migration technology. Whether it’s sunsetting a legacy company platform or transitioning from another organization’s tech stack through a merger or acquisition, he aims to make these shifts as synergistic as possible. Mark, who has a background in both tech and finance, said, “What makes MassMutual different in fintech is that it gives you a place to innovate.” He added, “Our agile mindset allows us to quickly pivot in the industry. The way we look at finance is fun, agile and innovative.”

The culture here is great, especially if you’re a dev or into tech — there are tons of growth resources available to you. MassMutual does a great job of serving customers while also encouraging employees to think outside the box and innovate.

Asieh Ahani

Head of Data Analytics

Personal Growth

Observing trends and solving problems

Asieh Ahani leads the data analytics team at MassMutual. Her team is constantly observing the latest industry trends so they can solve problems at scale and track the impact on the organization. Her team, she said, “is empowered to harness technology to drive data-driven decision-making.” When it comes to what sets MassMutual apart, Ahani said her team and the company overall value iterative progress for self-improvement on professional growth, wellness and work-life balance.

I joined MassMutual because the type of projects my team was working on were very interesting and aligned with my interests and expertise in leveraging data science. I stayed because I had a great career path here.

Kymberly Terry

Digital Team Lead

Diversity, Equity & Inclusion

Supporting colleagues and celebrating wins

As a digital team lead at MassMutual, Kymberly Terry knows the value of creating strong cross-functional connections in a product team. One of the best experiences with that she had, she said, was the rotating DEI discussion groups that were intentionally made up of people from different teams and weren’t led by managers. “A scrum expert could be having a conversation with a product manager from a different team. It was another way to support your colleagues and celebrate their wins and to know where they might be having challenges,” she said. “It was also a catalyst for equity.”

One of the things that I appreciate the most about being a part of my team is really the inclusive culture. It's ingrained in every aspect of not only the work that we do, but also the way we interact with each other.

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. https://www.massmutual.com/about-us/corporate-responsibility/foundation

Open door policy

OKR operational model

Team based strategic planning

Open office floor plan

Employee resource groups

Employee-led culture committees

Hybrid work model

In-person all-hands meetings

Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.

Employee awards

Flexible work schedule

Flexible work arrangements, including telecommuting, are available in many departments across the company.

Remote work program

In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.

Diversity

Documented equal pay policy

Dedicated diversity and 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.

Mandated unconscious bias training

Diversity manifesto

Diversity employee resource groups

Hiring practices that promote diversity

Diversity recruitment program

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 insurance

Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).

Vision insurance

Health insurance

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

Pet insurance

Wellness programs

Team workouts

Mental health benefits

Transgender health care benefits

Wellness days

Abortion travel benefits

Our general medical travel benefit covers abortion-related travel.

Financial & Retirement

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

Charitable contribution matching

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.

Pay transparency

Child Care & Parental Leave Benefits

Childcare 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.

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

Company sponsored family events

MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.

Fertility benefits

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.

Flexible time off

Floating holidays

Bereavement leave benefits

Hardship benefits

320 hours of caregiver leave to take of loved ones when it matters most.

Office Perks

Commuter benefits

Free daily meals

Free snacks and drinks

Some meals provided

Onsite office parking

Recreational clubs

Relocation assistance

Fitness stipend

Home-office stipend for remote employees

MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.

Meditation space

Mother's room

Onsite gym

Professional Development Benefits

Job training & conferences

Tuition reimbursement

Lunch and learns

Promote from within

Mentorship program

Continuing education stipend

Continuing education available during work hours

Online course subscriptions available