Structured Credit Lead job in Boston
Vacancy has expired
Boston, Massachusetts - MA Massachusetts Mutual Life Insurance Company (MassMutual)
Job Ref: | R15181 |
Employer: | Massachusetts Mutual Life Insurance Company (MassMutual) |
Sector: |
Investment
Life Insurance Professional/Financial Services |
Qualifications: | Unclassified |
Software: |
Bloomberg
Excel |
Job Type: | Full Time |
Salary and Benefits: | $159,800 - $209,700 |
Remote: | Yes |
Location | |
Country: | United States |
State/Province/County: | Massachusetts - MA |
City: | Boston |
Post Code: | Not specified |
Map: | |
Description | |
The Opportunity The Structured Credit Analyst role will be responsible for the evaluation, structuring, diligence, and on-going monitoring of structured credit investments. The analyst will be responsible for relationships with MassMutual's public and private asset back managers and will work closely with the internal Portfolio Managers and Head of Fixed Income Portfolio Management. This role will have direct responsibility for the primary coverage of assigned sectors of MassMutual's General Investment Account (GIA.) The structured credit portfolio consists of a portfolio of diverse assets, structures, and mangers; the assets are often complex, bespoke and under negotiated terms. The Team The Fixed Income Portfolio Management (FIPM) team has responsibility for asset allocation, fundamental credit underwriting and monitoring, ESG investment strategy, and macroeconomic research. A small and highly collaborative team, FIPM works with other teams in Investment Management to manage the product segment portfolios and the approximately $250 billion General Investment Account (GIA). The team pairs fundamental investment analysis and asset allocation skills with quantitative and asset/liability management expertise. This high-profile group works across all of Investment Management as well as with our other internal stakeholders including product, actuarial, treasury, accounting, risk, legal, and compliance, among others. The Impact: The analyst will support the continued growth of the structured credit portfolio and the GIA with structuring, underwriting, monitoring, closing and of asset back transactions and mangers. The support will assist the investment management department goal of providing MassMutual policy holders' financial security.
The Minimum Qualifications Minimum 10 years of relevant experience with full sector and security selection responsibility (e.g. credit analysis, portfolio management, credit hedge fund, private credit, etc.) Strong experience in Asset Backed Securities markets. Well-developed analytical skills reflected in superior credit and/or cash-flow analysis. The Ideal Qualifications A systematic and deep thought process with the ability to understand and articulate portfolio implications of individual bond ideas. Comfort with basic concepts in structured finance, such as LTV & attachment points, triggers, covenants, collateral types, speeds, default curves, average life, structure types and performance metrics Ability to underwrite, structure and act as deal team lead on private ABS transactions A high degree of intellect, curiosity, drive for continued improvement, and a passion for investing. Attention to detail, strength of conviction, ability to think independently, and generate original ideas and opinions. A desire to work in a collegial team-oriented environment and openness to discussing, sharing, and debating original investment ideas with a collaborative style. An effective communication style that has been applied in presenting to clients, senior leadership, and broader audiences; strong communication skills (both written and oral) that result in succinct and defensible recommendations. A flexible, open-minded style and an interest in gaining perspectives from various sources and people. Highest standards of personal honesty and integrity. Knowledge and experience with Liability Driven Investment (LDI) and/or insurance solutions preferred. Strong academic credentials that ideally include a CFA and/or an M.B.A. degree. Proficiency In Microsoft Office with strong Excel modeling skills; ability to work with complex datasets Proficiency in Bloomberg terminal Understanding of cash flow modeling and exposure to Intex (or like) modeling What to Expect as Part of MassMutual and the Team
#LI-IZ1 Salary Range: $159,800.00-$209,700.00 At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. Why Join Us. We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard. We help people secure their future and protect the ones they love. As a company owned by our policyowners, 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. 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. At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance. |
ref: (R15181) 20 days ago
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