Mutual Opportunities
Key Operating Entities Portfolio Management Lead
Boston, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five 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
The Opportunity
Summary
Establishing portfolio frameworks to evaluate investment and capital allocation decisions related to KOEs. Develop key metrics to drive portfolio construction and exit strategies. Partner with KOE management team and Corporate Development team to source and execute large scale M&A opportunities at entity level. Lastly, this position can mentor and/or direct less experienced managers or employees.
The Opportunity
As the Key Operating Entities Portfolio Management lead, you will work in a fast paced and collaborative environment to maximize KOE portfolio value and makes strategic recommendations to various internal stakeholders including MassMutual’s Executive Leadership Team. This role will report directly to the Head of Strategic and Financial Management of Key Operating Entities and is a key role in MassMutual’s Key Operating Entities Organization. You’ll have frequent interactions with senior stakeholders including senior leaders within CFO and MassMutual.
The Key Operating Entities Portfolio Management lead will have the opportunity to lead a team that will:
• Establishing portfolio frameworks to evaluate capital allocation decisions related to KOEs
• Source new investment opportunities to expand KOE portfolio and/or replace underperforming entities
• Partner with each KOE’s senior management team to source and execute large scale M&A opportunities, brainstorm outreach strategy/ tactic to approach targets by leveraging MassMutual’s existing relationship.
• Given a significant portion of our return on these entities depends on a successful exit strategy, KOE Portfolio Management Lead is responsible to determine the exit path and negotiate the best outcome for MassMutual.
• Collaborate with various internal team to develop a hurdle rate for holding these investments; this rate could change as market conditions evolve, and you will regularly evaluate and make recommendations of strategic decisions based on this metric
• Publish Bi-annual KOE portfolio review including:
- Medium term strategic options related to KOEs
- Portfolio return projection and hurdle rate update
- Framework to source new investments
- Exit Strategy and timing / capital recycle
• Attend industry conferences to extend professional network, collect market intelligence and represent MassMutual
• Actively contribute as a leader across Company in the development and delivery of strategic priorities within areas of accountability
• Proactively focus on self and team development (e.g. research of market developments and trends, various capital frameworks (Solvency II, Bermuda etc.), product impacts, MassMutual related businesses, value creation metrics, etc.)
The Team
The Key Operating Entities Portfolio Management Lead is a member of the KOE organization (direct report of Head of Key Operating Entities) which is a dynamic team of individuals with diverse backgrounds that are focused on:
• Maximize KOE values, both individually or collectively as a portfolio
• Establishing a rigorous framework to monitor and drive performance on existing KOEs
• Strengthen existing enterprise-wide business relationships and push for additional synergistic partnerships
• Source new investment opportunities to expand KOE portfolio and/or replace underperforming entities
• Maximize value for MassMutual as a shareholder and ensure alignments of key interest
The Impact:
• Support leadership and other key customers by performing rigorous analysis and effectively communicating key takeaways and recommendations
• Define an investment thesis based on the MassMutual’s competitive situation, strengths, opportunities, and risks
• Determine the value creation potential of the portfolio from both market perspective, value perspective, and ownership perspective
• Defining portfolio roles for each individual investment and translate portfolio roles into capital allocation and management decisions
• Produce and publish bi-annual KOE portfolio reports, including detailed analytics to support strategic decision making
• Regularly present results to MassMutual’s Board, CFO, QMR and other internal forums
• Engage and influence senior stakeholders to steer a strategic agenda
• Develop strong, collaborative working relationships with business partners across teams and levels
The Minimum Qualifications
• BS in accounting, finance or actuarial science
• 5+ years of experience in investment management, private equity, or investment banking
• Strong analytical skills, judgement, attention to detail, and creativity to effectively solve problems
• Ability to navigate ambiguity, take initiative, and prioritize in a fast-paced, dynamic environment; balance the needs of multiple stakeholder groups
• Proactive and resourceful self-starter who takes initiative and ownership
• Ability to learn new topics and skills with a combination of intellectual curiosity, desire for professional growth, and receptiveness to feedback
• Detail-oriented with excellent verbal and written communication skills
• Strong multi-tasking skills and ability to adapt to change
• Ability to proactively take ownership of projects and drive them through to completion
The Ideal Qualifications
• Knowledge Statutory accounting and Capital frameworks (U.S. risk-based capital, rating agency capital frameworks, Solvency 2, etc)
• Investment banking or private equity experience
#LI-IZ1
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
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: $167,800.00-$220,200.00
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*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 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?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
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
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