MassMutual
Structured Credit Associate
MassMutual
Location Boston, MA
Employment Type Full‑time
The Opportunity The Structured Credit Associate will be responsible for the evaluation, structuring, diligence, and on‑going monitoring of structured credit investments for MassMutual’s General Investment Account (GIA). The associate will also manage relationships with public and private asset‑backed managers and work closely with internal Portfolio Managers and the Head of Fixed Income Portfolio Management. This role has direct responsibility for the secondary coverage of assigned sectors of the GIA and reports to the Head of Asset‑Backed Finance.
Responsibilities
Act as a thought leader for designated areas of concentration.
Execute fundamental credit analysis of individual holdings within various structured asset classes and recommend actions.
Research, underwrite, analyze, and monitor multiple fixed income asset classes, including bringing names and/or strategies through Investment Committee(s).
Conduct in‑depth macro research into various investment‑related topics to support evaluation of potential investment opportunities and surveillance of current GIA holdings.
Work with owned and/or outside asset managers to review their respective GIA fixed‑income portfolios, strategy, and performance to provide recommendations to senior leadership of FIPM.
Contribute to MassMutual Investment Management’s collaborative investment process by sharing views with investment‑management leadership and providing critical input to the team regarding their analysis and associated buy/sell recommendations.
Minimum Qualifications
Bachelor’s degree in Finance, Economics, or related field.
3+ years of relevant experience structuring and underwriting complex structured credit investments in an investment‑banking or junior portfolio‑management role.
3+ years of experience modeling complex investments across Asset‑Backed Securities markets.
Ideal Qualifications
Advanced degree in Finance, MBA or CFA designation preferred.
Experience working with transaction counsel and analyzing complex structures.
Systematic and deep thought process with ability to understand and articulate portfolio implications of individual ideas.
Comfort with basic concepts in structured finance: structural leverage, LTV & attachment/detachment points, triggers, covenants, collateral types, speeds, default curves, average life, structure types, performance metrics.
Ability to underwrite, structure and act as diligence‑lead on private ABS transactions.
High intellect, curiosity, drive for continued improvement and passion for investing.
Attention to detail, strength of conviction, independent thinking, and ability to generate original ideas and opinions.
Collegial team‑oriented environment preference and openness to discuss, share, and debate investment ideas.
Effective communication style applied in presenting to clients, senior leadership, and broader audiences; strong written and oral communication skills resulting in succinct, defensible recommendations.
Flexible, open‑minded style and interest in gaining perspectives from various sources; highest standards of personal honesty and integrity.
Knowledge and experience with Liability‑Driven Investment (LDI) and/or insurance solutions preferred.
Proficiency in Microsoft Office with strong Excel modeling skills and ability to work with complex datasets.
Proficiency in Bloomberg terminal.
Understanding of cash‑flow modeling and exposure to Intex (or similar) modeling.
What to Expect
Regular meetings with the Fixed Income Portfolio Management team.
Focused one‑on‑one meetings with your manager.
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 valued by a company with a strong and stable ethical business with industry‑leading pay and benefits.
Equal Employment Opportunity 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.
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Location Boston, MA
Employment Type Full‑time
The Opportunity The Structured Credit Associate will be responsible for the evaluation, structuring, diligence, and on‑going monitoring of structured credit investments for MassMutual’s General Investment Account (GIA). The associate will also manage relationships with public and private asset‑backed managers and work closely with internal Portfolio Managers and the Head of Fixed Income Portfolio Management. This role has direct responsibility for the secondary coverage of assigned sectors of the GIA and reports to the Head of Asset‑Backed Finance.
Responsibilities
Act as a thought leader for designated areas of concentration.
Execute fundamental credit analysis of individual holdings within various structured asset classes and recommend actions.
Research, underwrite, analyze, and monitor multiple fixed income asset classes, including bringing names and/or strategies through Investment Committee(s).
Conduct in‑depth macro research into various investment‑related topics to support evaluation of potential investment opportunities and surveillance of current GIA holdings.
Work with owned and/or outside asset managers to review their respective GIA fixed‑income portfolios, strategy, and performance to provide recommendations to senior leadership of FIPM.
Contribute to MassMutual Investment Management’s collaborative investment process by sharing views with investment‑management leadership and providing critical input to the team regarding their analysis and associated buy/sell recommendations.
Minimum Qualifications
Bachelor’s degree in Finance, Economics, or related field.
3+ years of relevant experience structuring and underwriting complex structured credit investments in an investment‑banking or junior portfolio‑management role.
3+ years of experience modeling complex investments across Asset‑Backed Securities markets.
Ideal Qualifications
Advanced degree in Finance, MBA or CFA designation preferred.
Experience working with transaction counsel and analyzing complex structures.
Systematic and deep thought process with ability to understand and articulate portfolio implications of individual ideas.
Comfort with basic concepts in structured finance: structural leverage, LTV & attachment/detachment points, triggers, covenants, collateral types, speeds, default curves, average life, structure types, performance metrics.
Ability to underwrite, structure and act as diligence‑lead on private ABS transactions.
High intellect, curiosity, drive for continued improvement and passion for investing.
Attention to detail, strength of conviction, independent thinking, and ability to generate original ideas and opinions.
Collegial team‑oriented environment preference and openness to discuss, share, and debate investment ideas.
Effective communication style applied in presenting to clients, senior leadership, and broader audiences; strong written and oral communication skills resulting in succinct, defensible recommendations.
Flexible, open‑minded style and interest in gaining perspectives from various sources; highest standards of personal honesty and integrity.
Knowledge and experience with Liability‑Driven Investment (LDI) and/or insurance solutions preferred.
Proficiency in Microsoft Office with strong Excel modeling skills and ability to work with complex datasets.
Proficiency in Bloomberg terminal.
Understanding of cash‑flow modeling and exposure to Intex (or similar) modeling.
What to Expect
Regular meetings with the Fixed Income Portfolio Management team.
Focused one‑on‑one meetings with your manager.
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 valued by a company with a strong and stable ethical business with industry‑leading pay and benefits.
Equal Employment Opportunity 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.
#J-18808-Ljbffr