Corporate Actions Consultant, Investment Operations

Company: MassMutual
Location: Boston
Posted on: February 18, 2025

Job Description:

Cash & Securities Management Consultant, Corporate Actions Full-Time Springfield, MA, Boston, MA or New York, NY The Opportunity As a Cash & Securities Management Consultant, Corporate Actions in our Investment Operations organization, you are responsible for transaction processing and oversight over the lifecycle of invested assets and their portfolios for the Company. This includes assisting in onboarding new managers and investment types, relationship management, customer support, calculation of forecast and funds available investing, general ledger balancing, reporting, reconciliations, payment validations, and complex transaction processing. The Team The Investment Operations team is agile and works independently, yet collaboratively. All members are held accountable and are encouraged to grow in the role via peer to peer training, education and industry participation. To be successful on this team, you must have a strong attention to detail, be able to multi-task, thrive in a fast-paced work environment, have strong interpersonal skills and have a continuous improvement mindset. The Impact: The primary responsibility of the Cash and Securities Management Consultant will be to provide Corporate Actions support to Investment management operations. This role will be accountable for processing and reconciliations related to Corporate Action events across multiple asset classes to ensure requirements are met and will be responsible for the escalation of any gaps, which may impact reconciliations. In addition, this role will partner with external service providers in understanding complex investment transactions while ensuring that we minimize operational risk and optimize operational efficiency and effectiveness.

• Providing support across Investment Operations specific to Corporate Actions for international/domestic Income, Dividend, Paydowns, Voluntary and Mandatory events.
• Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing, such as stock splits, rights issues, tender offers etc. Also responsible for managing reconciliation activities, internal reporting and proration on transactions.
• Responsible for researching and responding to inquiries from internal business groups, Investment Managers, and/or custodians.
• Works on multiple systems to perform complex corporate action processing, including reviewing announcements, reconciling Investment Manager instructions, and posting cash and security transactions. The Minimum Qualifications
  • 5+ years working in the financial services sector in similar investment operations capacity The Ideal Qualifications
    • Four-year Bachelor's Degree preferred
    • Experience in corporate actions preferred
    • Strong financial markets product knowledge and understanding of the transaction lifecycle in Corporate Actions
    • Proficiency in Microsoft Office (Outlook, Excel, Power Point and Word), VBA and Visio experience a plus
    • Ability to communicate across all levels of the organization, comfortable interacting with vendors, business partners, external managers investment management and technology
    • Ability to work across multiple priorities with limited guidance
    • Ability to independently explore solutions to a problem and adapt quickly to changes
    • Collaboration skills and the ability to work in a team-based environment
    • Knowledge of Eagle PACE or like Data Management Tool a plus
    • Knowledge of Eagle STAR or like Investment Accounting platform a plus
    • Natural curiosity, love of learning, calm under pressure in the face of multiple urgent priorities, relish the challenge of solving puzzles and intellectual challenges and be comfortable with the ambiguity presented by new situations.
    • Must be eligible to work in the United States without sponsorship now or in the future What to Expect as Part of MassMutual and the Team
      • Regular meetings with the Investment Operations team
      • Focused one-on-one meetings with your manager
      • Access to mentorship opportunities
      • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, 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 business with industry leading pay and benefits #LI-MM1 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.

Keywords: MassMutual, Boston , Corporate Actions Consultant, Investment Operations, Professions , Boston, Massachusetts