Investment Director at MassMutual

| Greater Boston Area
!Sorry, this job was removed at 6:03 p.m. (EST) on Thursday, October 31, 2019

THE COMPANY

The Investment Director role is a critical part of our Manager Research team conducting subadviser due diligence for the MassMutual Funds. This role will work closely with our Asset Allocation, Product, Legal, Operations and Compliance teams as well as our Sales group and business colleagues around the firm.

MassMutual Funds is a $50B+ franchise with over 100 mutual funds and employs a multi-managed, subadvised investment strategy. We hire many of the top investment managers in the industry and create unique product and manager combinations including award winning funds and strategies not available on other platforms. Our manager-of managers approach offers a built-in layer of ongoing oversight as well as the decision power to add or remove managers with greater objectivity and less disruption for our investors.

The MassMutual Funds are advised by MML Investment Advisers, LLC and sponsored by Massachusetts Mutual Life Insurance Company – a mutual insurance company with a 160-year history of service excellence and financial strength and ratings among the highest for any company. MassMutual is one of the top 50 asset managers in the world with more than $400 billion in assets managed by its various asset management affiliates. MML Investment Advisers, LLC executes a disciplined, long-term growth strategy in keeping with MassMutual’s heritage as a mutually-owned entity.

Location: Boston, MA

ROLE AND RESPONSIBILITIES

An Investment Director is a member of the Manager Research team and maintains subadviser due diligence responsibility for six to 12 funds. This individual will report directly to the Head of Investments of MassMutual Funds and will have primary accountability for subadviser hire/fire decisions as well as profitability and compliance/operations functions. This position may cover US and non-US equity, fixed income and multi-asset strategies.

The individual will conduct quarterly investment reviews with portfolio managers (typically via phone) as well as annual onsite interviews (at managers’ office) to interpret quantitative and qualitative information as well as changing firm and investment team dynamics to develop a full mosaic of the manager. Detailed write-ups are required to memorialize research findings. He/she must be able to evaluate and clearly articulate investment strategies to other research professionals and serve as investment expert on strategies covered. The individual will also conduct prospective investment due diligence in order to maintain a “bench” of managers ready to invest.

The individual will regularly compile comprehensive investment manager evaluations and present recommendations to other investment professionals as well as a mutual fund Board. He/she will prepare insightful and opinionated communications in a timely manner regarding material manager events, implementation ideas, market developments, performance issues, etc. to peers and business partners. He/she will also deliver proactive ongoing support to internal/external business partners, including meeting with sales and financial advisors. He/she is also responsible for certain compliance and operational tasks.

Traveling (approximately 10-25%)

QUALIFICATIONS

Strong analytical, problem solving, quantitative, speaking, writing, data analytics skills are essential. It is expected that this individual be a team player with excellent communication and interpersonal skills. Background in investment manager research or investment product roles is strongly preferred. College degree required. CFA® designation is preferred.

  • 8+ Years experience in investment management (such as manager due diligence, asset management, investment product, endowment/pension/family office/etc.); manager research experience a plus
  • CFA charterholders or candidates preferred
  • Significant knowledge of markets, fundamental valuation analysis, financial modeling, asset allocation, and market research
  • Demonstrated analytical skills and project management
  • Advanced Excel skills preferred
  • Demonstrated ability to construct and defend well supported investment opinions based on insights drawn from interviews, intellectual curiosity, data analysis and peer group awareness. Additionally, the individual must have an ability to concisely deliver these insights both verbally and in professional written form with little required editing
  • Strong quantitative skills and knowledge of investment-related statistics
  • Organizational and time management skills in order to meet deadlines
  • Series 7 license preferred

Read Full Job Description

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
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    • JIRAManagement
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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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