Corporate Actions Consultant, Investment Operations

Cash & Securities Management Consultant, Corporate Actions

Full-Time

Springfield, MA, Boston, MA or New York, NY

The Opportunity

As a Cash & Securities Management Consultant, Corporate Actions in our Investment Operations organization, you are responsible for transaction processing and oversight over the lifecycle of invested assets and their portfolios for the Company. This includes assisting in onboarding new managers and investment types, relationship management, customer support, calculation of forecast and funds available investing, general ledger balancing, reporting, reconciliations, payment validations, and complex transaction processing.

The Team

The Investment Operations team is agile and works independently, yet collaboratively. All members are held accountable and are encouraged to grow in the role via peer to peer training, education and industry participation.  To be successful on this team, you must have a strong attention to detail, be able to multi-task, thrive in a fast-paced work environment, have strong interpersonal skills and have a continuous improvement mindset.

The Impact :

The primary responsibility of the Cash and Securities Management Consultant will be to provide Corporate Actions support to Investment management operations. This role will be accountable for processing and reconciliations related to Corporate Action events across multiple asset classes to ensure requirements are met and will be responsible for the escalation of any gaps, which may impact reconciliations. In addition, this role will partner with external service providers in understanding complex investment transactions while ensuring that we minimize operational risk and optimize operational efficiency and effectiveness.

• Providing support across Investment Operations specific to Corporate Actions for international / domestic Income, Dividend, Paydowns, Voluntary and Mandatory events.
• Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing, such as stock splits, rights issues, tender offers etc. Also responsible for managing reconciliation activities, internal reporting and proration on transactions.
• Responsible for researching and responding to inquiries from internal business groups, Investment Managers, and / or custodians.
• Works on multiple systems to perform complex corporate action processing, including reviewing announcements, reconciling Investment Manager instructions, and posting cash and security transactions.

The Minimum Qualifications

The Ideal Qualifications

What to Expect as Part of MassMutual and the Team

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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.