Mutual Opportunities
Cash Portfolio Manager
Boston, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for seven consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Cash Portfolio Manager
Investment Management
Boston, MA
The Opportunity
MassMutual is seeking a highly motivated, solution-oriented investment professional to join MassMutual Investment Management’s Fixed Income Portfolio Management team. In this newly created role, you will optimize cash in portfolios for MassMutual’s $250 billion General Investment Account (GIA) by partnering with internal investment teams and outside investment managers to fund investments, reduce cash drag, minimize overdrafts and keep portfolio cash percentages within predefined targets. The new function will operate in the Aladdin platform. The role will have front and middle office functions as part of the daily responsibilities.
The Team
The Fixed Income Portfolio Management (FIPM) team is responsible for asset allocation, fundamental credit underwriting and monitoring, ESG investment strategy, and macroeconomic research. FIPM is a small, highly collaborative team that works with partners across Investment Management to manage the product segment portfolios within the GIA. The team combines fundamental investment analysis and asset allocation skills with quantitative and asset/liability management expertise. This high-profile group works across Investment Management and with internal stakeholders in product, actuarial, treasury, accounting, risk, legal, compliance, and other areas.
The Impact
- Lead the build of the Cash Portfolio Management function utilizing the Aladdin platform, including the design, processes, workflows and procedures
- Role will be critical in defining the architecture of the short-term cash ecosystem, including workflows, cash and allocation processes, etc
- Accountable for decisions related to MassMutual’s investment cash position; directly impacting financial results (cash yield) as well as and reportable cash for investment managers to make investment decisions
- Accountable for the daily monitoring of cash balances to cash targets and overdrafts via the Aladdin cash Ladder, including Transferring cash and rebalancing portfolios as needed to maintain cash targets
- As required, transfer cash to prefund investments executed by the outside investment managers, requiring extensive communication and collaboration across the broader MassMutual organization and asset managers
- Build trade orders to strategically invest cash balances across a complex portfolio structure
- For non-dollar investments, coordinate cash movements to ensure settlements of investments and hedges
- As part of enterprise asset liability process, work closely with other leaders in the organization, including Treasury Operations, Liquidity Management, Portfolio Management, Quantitative Portfolio Management, etc. treasury and liability management to update Aladdin with liability forecasts as required. These decisions impact the profitability and risk of the underlying portfolios
- For large volumes of cash movements, build and execute Aladdin Application Programing Interface (APIs) to quasi automate; this accountability requires close coordination with leaders in the Treasury area, Portfolio Managers, external custodians; and outside asset managers
- Maintain cash targets and other Aladdin configuration
- Measure Portfolio performance via key risk indicators (KRI)
The Minimum Qualifications
- Bachelor’s degree
- 7+ years of relevant experience within institutional investment management, asset management, treasury, portfolio management, trading, investment operations, or a related investment function
- Hands-on experience working with BlackRock Aladdin within an investment environment
The Ideal Qualifications
- 10+ years of investment experience, including 5+ years of meaningful cash, liquidity, or short-term portfolio management experience
- Deep expertise in Aladdin, ideally including cash ladders, cash management, portfolio/account structures, configuration, investment workflows, or platform implementation/transformation
- Prior experience building, transforming, or materially enhancing a cash-management function, investment operating model, or related investment infrastructure
- Experience managing cash across complex portfolio, account, legal-entity, or insurance investment structures
- Insurance General Account investment experience or experience within a similarly complex institutional asset-owner environment
- Experience with G7/multi-currency cash management, FX activity, and non-USD investment settlement
- Strong knowledge of custody-bank cash operations and interaction with external asset managers and custodians
- Experience with Bloomberg, advanced Excel, and API-enabled workflow/process automation
- MBA, CFA designation, or other relevant advanced degree or professional credential
- Demonstrated ability to operate effectively in a high-pressure, highly collaborative environment requiring strong attention to detail, controls, and execution
What You Can Expect at MassMutual
MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
- Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes A collaborative environment where perspectives are welcomed Access to learning, development, and internal networks that support continuous growth and skill-building over time Employee-led communities and forums that foster connection, learning, and inclusion across the organization A culture grounded in integrity, responsibility, and stewardship—supported by a company with a strong legacy and a future-focused mindset
#LI-LC1
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
California residents: For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures page.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $172,000-$225,700
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 85% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say the work they do at MassMutual is meaningful - 85% of employee respondents say they feel encouraged to come up with new and better ways of doing things
*Source: 2025 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Candy
Marketing Consultant
Atsam
Head of Advisor/Client Experience & Business Excellence
Erica
Head of Procurement
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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