Cash & Securities Management Consultant, Investment Operations
Company: MassMutual
Location: Hartford
Posted on: February 4, 2025
Job Description:
Cash & Securities Management Consultant, Investment Operations
Full-Time Springfield, MA, Boston, MA or New York, NY The
Opportunity As a Cash & Securities Management Consultant 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: As a Cash & Securities Management Consultant, you will need
to have advanced knowledge of back office securities operations
functions. You will maintain the lifecycle of the assets in
accordance with established policies and procedures, which may
include:
- Forecast and validate expected cash flows related to
investments
- Research, analyze, validate and process security related
transactions (redemptions, corporate actions, etc) on the
accounting system, many times collaborating with others across the
organization
- Perform reconciliations, including exception oversight,
analysis and resolution
- Triage and prioritize scheduled work as well as ad-hoc requests
as received
- Partner with vendors, banks and Investment Managers
- Maintain and improve workflows and procedures as needed
- Reconcile general ledger suspense lines on a daily and monthly
basis
- Training of new team members The Minimum Qualifications
- 5+ years working in the financial services sector in similar
investment operations capacity The Ideal Qualifications
- Four-year Bachelor's Degree preferred
- Experienced in back-office securities operations or similar
(reconciliation of cash to receivables/payables)
- Advanced knowledge and experience using Microsoft Office
products (primarily Excel, PowerPoint)
- SAP experience
- Advanced Banking, Treasury, Investment experience
- Ability to problem solve and resolve issues independently, and
know when to escalate appropriately
- Excellent verbal and written communication skills
- Strong inter-personal skills to facilitate building positive
working relationships
- Risk and controls awareness
- Ability to multi-task and thrive in a fast-paced
environment
- Strong attention to detail
- Recognition of patterns and trends in data operations and
identify opportunities for improving processes and systems
- Must be eligible to work in the United States without
sponsorship now or in the future 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, LGBTQIA+, 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 #LI-MM1 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.
Keywords: MassMutual, Brentwood , Cash & Securities Management Consultant, Investment Operations, Accounting, Auditing , Hartford, New York
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