Mutual Opportunities
Impact Investment Principal - MM Catalyst Funds
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
Impact Investment Principal - MM Catalyst Funds
Impact Investing Team
Full-Time (Hybrid - 3 days/week onsite)
Boston, MA
The Opportunity
In this role you will play an important role in identifying, evaluating, and managing investment opportunities that align with MM Catalyst Funds investment and impact objectives. As a strategic thought partner with the Head of MassMutual Catalyst Funds, you will play a crucial role in deploying capital to early-stage companies.
- Under the direction and guidance of the Head of MassMutual Catalyst Funds, identify and source high-potential investment opportunities that align with the funds financial and impact objectives.
- Build and maintain relationship with entrepreneurs, industry experts and other key stakeholders in the early-stage investment ecosystem.
- Lead comprehensive due diligence processes, including financial analysis, market research, impact assessment and risk evaluation!
- Negotiate and structure investment terms, work closely with legal and operations teams to finalize deal documentation.
- Monitor and manage portfolio companies as a board member or board observer, providing strategic guidance and support to drive growth and impact.
- Cultivate relationships with like-minded investors and relevant stakeholders, represent MM Catalyst Funds at conferences, workshops and industry events.
The Team
Impact Investing at MassMutual seeks to make attractive financial returns and have a positive social and/or environmental impact that is measurable. Philanthropy alone cannot solve our society’s problems - institutional capital can and should play a role. There are clear societal and global needs to address the wellbeing and prosperity of people and the health of the planet. By adding an impact lens to our investment process, we can evaluate our investment outcomes and their social and environmental additionalities.
The MassMutual Catalyst Funds (MMCF) I & II — a $150 million commitment to increase diversity in, and access to, venture capital and invest in innovative products and services that advance economic and social mobility.
The First Fund Initiative is a $150 million commitment by MassMutual to address and overcome historic barriers to capital and advance capital equity. First Fund’s allocation strategy centers on funds that are systemically overlooked by financial institutions and have a differentiated investment thesis with the ability to generate positive social impact as well as risk-adjusted market rate financial returns.
The Impact:
The Impact Investment Principal will be a critical member of the Impact Investing team. The Investment Principal will report to the Head of Mass Mutual Catalyst Funds, and work with the MassMutual Catalyst Fund team on deal origination, underwriting, management and reporting on investments for the MassMutual Catalyst Funds.
This responsibility extends to evaluating what is proven effective and what requires further innovation as we seek to build up, evolve and expand both the MassMutual Catalyst Funds in addition to the First Fund Initiative. Given the comparatively immature nature of the target companies for the MassMutual Catalyst Funds, the Impact Investing Team’s responsibilities will include coaching of, and advising and consulting with, the entrepreneurs leading these portfolio companies. As such, the Investment Principal will need to be able to work with emerging entrepreneurs in a constructive and consultative way to help those entrepreneurs identify and solve their respective business problems and funding needs.
As a critical member of the Impact Investment team, you will work in an innovative, impact driven, fast paced, collaborative environment to drive financial returns and social change. A consultative, hands on, culturally competent approach coupled with demonstrated experience of startup financing, venture capital, private equity and/or alternative investments are required daily to source, analyze, negotiate, model, underwrite and provide human capital to entrepreneurs and emerging fund managers.
The Minimum Qualifications
- 5+ years of related work experience in private equity or venture capital investing
- 5+ years experience in financial modeling
- Bachelor’s degree in finance, economics business administration or related field
The Ideal Qualifications
- Demonstrated commitment to social and environmental impact.
- Proven track record of successfully sourcing, executing and managing investments.
- Working knowledge of impact investing measurement and management
- Excellent negotiation, communication, and presentation skills
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong written and verbal communication skills
- Proficiency in Microsoft PowerPoint
What to Expect as Part of MassMutual and the Team
- Regular meetings with the Impact Investing 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-FT1
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: $137,800.00-$180,800.00
Hiring Process
Explore
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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 embrace diversity in every sense, focusing on building 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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