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Impact Investment Portfolio Manager

| Greater Boston Area

Portfolio Manager, Impact Investing

Alternative Investments Team, Investment Management, Massachusetts Mutual Life Insurance Company

About MassMutual:

Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.

A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

Together, we’re stronger.

MassMutual’s vision is that everyone across America achieves financial well-being, however the stark reality is that millions of Americans live in financial deserts, surviving paycheck to paycheck and are one emergency away from not being able to meet their most basic needs. We feel that we have a role to play in leveling the playing field, and in response to these wide-spread economic challenges, MassMutual and the MassMutual Foundation recently launched the Live Mutual Project. In support of this initiative, we are looking for a creative, pragmatic and experienced investment professional with a deep interest in impact investing to help us meet our (developing) Live Mutual Project goals.

The Role:

The Portfolio Manager will inherit leadership responsibility for an existing investment vehicle focusing upon the Springfield, Massachusetts community (Springfield Venture Fund) and partner with the leadership of Community Responsibility and of Investment Management to develop and execute our next generation of impact investment strategy. 

With the launch of the Live Mutual Project in 2018, there is tremendous opportunity to expand upon the existing fund model to support this exciting new social impact platform driven by the MassMutual Foundation. The Live Mutual Project targets financial deserts across the US, helping community partners convene, collaborate, coordinate and allocate resources towards a shared vision of prosperity. Through this collaboration and targeted investments, we help them build capacity, develop leadership and create connections to strengthen financial well-being, now and for generations to come.

Depending upon the interests and prior experience of the successful candidate, the Portfolio Manager may also actively participate in the broader alternative investment sourcing, analysis, selection and portfolio management of the Alternative Investments Team.

The Team:

The Alternative Investments team is a small, flat and highly focused team responsible for Alternative and Real Estate Investments for the General Investment Account of MassMutual, including illiquid asset strategies such as private equity, infrastructure and real assets, private lending and real estate as well as structured, alternative execution of liquid asset strategies. The team effects such strategies through asset allocations to asset management firms, through investments in fund vehicles and through direct investments. The team has a collaborative approach to decision making; but given the lean, flat structure of the team, each Portfolio Manager also functions as a deal sourcer, analyst, transaction negotiator and deal modeler. 

Key Responsibilities:

+ Partner with the leadership of MassMutual’s Community Responsibility team and the leadership of MassMutual Investment Management to develop our next generation of impact investment strategy with the goal of furthering our Mutual values while fulfilling our fiduciary duty to our policyholders.

+ Manage the execution of the impact investment strategy, including the recruitment and selection or partners and/or team members, as appropriate.

+ Oversee investment approval and portfolio management of impact investments, consistent with the revised strategy.

+ In partnership with Community Responsibility, serve as a voice for MassMutual within the impact investment community.

Qualifications:

This role needs an individual who knows how to do well by doing good. A candidate should have a broad knowledge of impact investing, both successful and unsuccessful, and be able to lead a discussion among senior management about what makes sense for MassMutual as a next generation impact investment program. A candidate should also have sufficient traditional investment experience to be able to interpret the risk/reward of potential impact investments for an audience accustomed to reviewing traditional private equity or private lending investments. The ideal candidate will be comfortable with one foot in each of these complementary worlds. 

General qualifications:

At least 5 years of investment experience, a meaningful portion of which must include making investment recommendations on specific investments based upon fundamental analysis. At least 3 years of experience in community impact investing. Exceptional communication and interpersonal skills to assume a leadership role in a fast paced, small team environment. An understanding of the impact investment market and a willingness to articulate opinions as to what works and what does not. Chartered Financial Analyst designation preferred. Very strong problem solving and logic skills.

Primary Work Location: Boston, but frequent travel to Western Massachusetts and some other travel.

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Location

470 Atlantic Avenue, Boston, MA 02110

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.

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
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