Fund Revenue Consultant - 12b1 Revenue
Springfield, Massachusetts Investment Management Job ID R13747Revenue Consultant, MassMutual Investments
Full-Time, Boston or Springfield, MA office
The Opportunity
We’re looking for a self-motivated team player to join as a Revenue Operations Consultant. In this position, you’ll become part of the MM Investment Operations Team. This team is comprised of professionals who focus on Fund Performance, Audit & Controls, Ledger, Revenue, and more. In the Revenue Operations Consultant role, you will provide a wide variety of duties within the department, with a focus and ownership on strategies and process related to monthly and quarterly fund revenue collection (12b-1 and Admin fees) and payments for Annuity and Investment only business lines. You’ll participate in executing agreements and amendments to existing agreements in support of Life and Annuities products including negotiation and coordination with MM Law and Fund companies.
The Team
Our small, highly motivated, and independent team interacts with internal and external stakeholders to produce Monthly, Quarterly, and Annual Fund Performance, Fund Revenue Payable and Receivables, and interact directly with Fund Companies and Intermediaries. Our team is energetic, professional, highly accountable, and most of all inclusive. We are supportive of one another, and work to the benefit of MM shareholders and clients without reservation.
The Impact:
The Revenue Operations Consultant will work closely with the department head to position MassMutual’s Revenue collection, accounting, distribution, and reporting to be efficient, automated, timely, and accurate.
Primary Responsibilities
Serve as an internal and external business process/12b1 Revenue expert
Independently drive process improvement.
Revenue Collection and reconciliation for MassMutual Separate accounts and Investment only Investments
Participate in Revenue negotiations for new funds or amendments
Monitor MassMutual separate account revenue payments and instruct on cash movement where necessary
Contribute, review, and streamline the Investment Only revenue payment process including quarterly Board Reporting and preparation of fee data for the Fund Board of Directors
Process support, as needed, for any Investment Only (IO) revenue as needed on a monthly/quarterly basis
Conduct market and competitor analysis to effectively position MassMutual’s strategies for maximum efficiency and automation
The Minimum Qualifications
5+ years industry experience, preferably in a similar capacity
3+ years’ experience with 12b1 Fund Revenue business processes, processing, agreements
Proficient knowledge of Broker/Dealer agreements/Revenue flows a plus
The Ideal Qualifications
Strong analytical skills, with the ability to draw conclusions
Intellectual curiosity, solutions-oriented mindset
Ability to work collaboratively and across functions
Comfort with a fast-paced, changing environment
Strong written, oral, and interpersonal communication skills
Position Location
You will be required to work from our Springfield, MA office in a hybrid capacity (3 days a week)
#LI-RS1
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, LGBTQ, 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
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.
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About MassMutual®
At MassMutual, we believe in the value of being together in our offices and in personal flexibility.
Our work environment is one where the majority of our team members work a hybrid schedule — working at least three days in the office (Tuesday, Wednesday and a third day) and the rest remotely, balancing flexibility with in-person collaboration. While the majority of our employees follow this hybrid model, some of our roles continue to be 100% on-site and others may be 100% remote, subject to business needs.
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, policyowners and customers, we are defined by mutuality and our vision to put customers first. 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. At MassMutual, we Live Mutual.