Investment Specialist jobs in Springfield, MA

The Opportunity

We’re looking for a high caliber Business Operations Consultant to join MassMutual’s Stable Value Investments business to support the continued growth of the business. Our innovative Stable Value investment solutions are designed to serve the diverse capital preservation needs of retirement plan constituents and span the spectrum of general account, separate account, group annuity, CIT, custom wrap solutions backed by the full credit and financial strength of MassMutual.

MassMutual is an industry leading provider with over three decades of Stable Value experience and a book now surpassing $35 Billion in assets. Our mission is to be the provider of choice to our institutional and adviser customer base by serving their retirement plan clients’ needs with a high standard of excellence.

Financial professionals, consultants, stable value managers, as well as plan sponsors, look to MassMutualʼs stable value investment offerings because of our investment acumen, financial strength, commitment, and expertise.

The Team

The Stable Value Investments team is comprised of Operations and Reporting and Client Service team members who drive collaborative solutions and results by seeking and valuing diverse backgrounds, experiences, and perspectives. We demonstrate accountability by earning confidence and trust by demonstrating ownership, commitment, and follow through in achieving results. We support our Sales and Relationship Management team in servicing our clients by adapting and thriving in complex, uncertain, and changing situations.

We Live Mutual, we share risk and resources, protecting and trusting one another, always looking out for each other’s wellbeing, especially when it really counts. We’re aiming for genuine conversations – where we collaborate inclusively by truly listening and valuing the authentic feedback of others. We look for people to harness their resilience, agility, and determination to fuse past and future, drive change for good, and be part of a company that progressively leads the way.

The Impact:

• Support the day-to-day activities of the Stable Value Operations Team that is now growing and maintaining a $35B book of business representing 180 contracts.
• Support the daily trading, account reconciliation and administrative needs of all our business partners.
• Support Stable Value team members and other appropriate business areas to assist in the implementation of new client contracts.
• Work closely with Investment Operations and our transfer agent to establish new client accounts that includes collecting relevant contractholder, product, and contract information.
• Ensure rate reset data is entered into the administrative system and produce any required unit values necessary to trade with external record-keepers. Distribute data to the appropriate external parties as necessary.
• Under general supervision, responsible for performing research and analysis to support business operations - presenting findings to managers. Determine best practices and suggest how to improve current practices.
• Develop recommendations to solve problems and issues related to business operations.

The Minimum Qualifications

• 2 years of experience in investment account administration or operations
• High school diploma or GED
• Strong team player willing to work for the broader good of the organization
• General knowledge of Defined Contribution retirement plan types, regulatory landscape, product solutions
• Proficient use Microsoft Office tools Outlook, Excel, PowerPoint, Word and team collaboration tools such as Slack and Zoom

The Ideal Qualifications

• Bachelor’s degree preferred in business or related field.
• 4 years of Stable Value experience working with investment account administration or in an operations team environment
• Experience working in insurance companies with an understanding of guaranteed investment account products and fixed income portfolios

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Stable Value team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical nosiness with industry leading pay and benefits

#LI-BC1

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.