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Mutual Opportunities

Smiling Women

Institutional Insurance Investments Liaison

Boston, Massachusetts
Job Category Investment Management ID R17120
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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.

People working together
Roger Crandall
Roger CrandallCEO
“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

POSITION SUMMARY

MassMutual led the BOLI market in sales for majority of years in the past decade, reaching a peak of $2.4 billion in annual sales in 2021, and averaging $1 billion per year.  MassMutual's BOLI/COLI institutional assets total nearly $30 billion. We are seeking an Investment Liaison to work with investment managers, BOLI producers, stable value providers, and key clients pertaining to the investment portfolios underlying MassMutual's BOLI/COLI policies/case.  This position is the key interface in due diligence, monitoring investment manager performance and communication of investment strategy and performance between the investment managers and BOLI brokers and clients. The Investment Liaison is responsible to ensure the many operational teams and systems are aligned in support of the various mandates including process development and procedural documentation. The position may also participate in sales opportunities by explaining available investment line-ups, details applicable to alternative investments, and contractual terms pertaining to stable value agreements, features and endorsements. 

KEY RELATIONSHIPS:

Reports to:   Head of Institutional Insurance

Other key relationships:     Internal sales team members, advisors and brokers, MassMutual's Investment Management division, Barings Asset Management, external investment managers and third-party stable value providers

OVERALL RESPONSIBILITY:

  • Serve as the subject matter expert and primary contact person for all investment and stable value related matters internally and externally related to MassMutual’s BOLI/COLI business line including general account UL, registered VUL, and private placement VUL with and without stable value features.
  • Relationship management responsibility for all existing and prospective external investment management firms in support of Institutional Insurance program needs. Ensuring all internal MassMutual areas have direct and effective communication avenues as needed.
  • Ability to survey the market of investment options available for life insurance programs as well as develop relationships as needed to support Institutional Insurance business.
  • Oversight and monitoring of routine and ad hoc investment reporting/analysis needs for of $5 billion in assets of BOLI separate account and hybrid accounts for clients.
  • Investment guideline development and monitoring especially in support of Stable Value Wrap guidelines, investment option guidelines triggers and liquidity requirements.
  • Understanding of operational requirements for the flow of investment information, pricing and reporting for all investments made available. Primary liaison within MassMutual for any investment or business operations areas and institutional insurance.  
  • Develop and maintain a due diligence program for existing and potential new managers including ability to retain and report out program results on a regular basis, including annual and bi-annual visits as appropriate
  • Continually monitor and improve proprietary process for matching available investment options to customer benefit programs to facilitate alignment between insurance asset and benefit liabilities.
  • Communication of investment manager investment style to clients, and relationship manager for stable value clients  
  • Management responsibility for investment analyst role, supporting the business including oversite of client services' investments support needs, investment operations and Treasury functions.
  • Report internally with regards to assets by product, interest rate yields, and internal business growth.
  • Work within Institutional Insurance to expand investment knowledge through internal presentations, communications and informal meetings.
  • Liaise with MassMutual Investment Management teams as appropriate to source portfolio information and respond to producer and client questions.  Support the preparation of investment presentation materials, for Institutional Insurance team presentations. |
  • As needed provide responses for Institutional Insurance sales team for broker and client one-off questions regarding the General Account, interest rates and the impact of economic events on MassMutual.
  • As needed, participate/present at broker/client conferences and visit individual clients’ needs.


CANDIDATE QUALIFICATIONS:

  • Strong knowledge of full range of investment asset classes and experience articulating investment approach and philosophy.
  • Experience managing relationships with external investment managers and/or vendors.
  • Experience working in a functional area of a financial services firm that provided exposure to investment terminology and applicable analysis (e.g. investment performance, fees, yields, IRRs, etc.)
  • Proficient at reviewing and analyzing both written (contracts, agreements, guidelines) and numerical (financial statements, investment performance reports) materials.
  • Demonstrated ability to develop strong relationships and build credibility with internal stakeholders, brokers, advisers, clients and prospects.
  • Ability to facilitate and present at broker/client conferences as well as in one-on-one meetings.
  • Series 6 or 7 required.

#LI-IZ1

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.
EEO Statement (Opens in new window)

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: $159,800.00-$209,700.00
Apply Now

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

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

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.

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Paid Time Off

  • In addition to generous vacation time, paid holidays, and flexible holidays, MassMutual offers 'take care' time to care for yourself or someone you love—whether for physical illness or mental health.
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Health & Well-Being

In addition to top-line medical and dental coverage, personalized mental health solutions, on-site and virtual health coaching, and much more, MassMutual reimburses employees up to $1,250 per year for eligible expenses supporting mental, physical, and financial well-being.

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Financial Well-Being

In addition to competitive salaries and bonuses, educational assistance programs, and much more, MassMutual offers up to a 10% total 401(k) benefit, consisting of a 5% company match and a 5% annual contribution.

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Taking Care

MassMutual offers generous maternity and parental leaves, as well as bereavement leave to mourn the loss of a loved one (and the employee defines 'loved one'). In addition, we offer up to 320 hours of caregiver leave to help employees support loved ones in times of need.

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Giving Back

MassMutual offers three paid days for employees to volunteer with eligible nonprofits of their choice, and the MassMutual Foundation matches employee donation dollars to eligible nonprofit organizations up to $5,000 annually.

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Commuter Benefits

MassMutual offers a Qualified Commuter Program through which eligible employees can pay qualified workplace commuting expenses with before-tax dollars, as well as a commuter wallet option for employees based at Boston and NYC campuses.

Why MassMutual?

Kevin

Compliance Consultant

Seth

Service Management Consultant

Kymberly

Head of Experience Journey Mapping

where we work

Springfield Office

Springfield Office

1295 State Street, Springfield, MA

Boston Office

Boston Office

10 Fan Pier Blvd, Boston, MA

New York Office

New York Office

2 Park Ave,
New York, NY

Virtual

Virtual

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