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MassMutual Mutual Fund Operations Consultant in Springfield, Massachusetts

The Opportunity

An entry level position in a fast paced, innovative, and collaborative environment focusing on nightly valuations and monthly N-PORT regulatory reporting. As a Mutual Fund Consultant, you will bridge the gap between two critical processes within the Team, with the opportunity to enhance processes, procedures, and reporting.

The Team

The Mutual Fund Operations Team is comprised of six individuals who are focused on expense budgeting and accruals and mutual fund security valuation. The Expense Budgeting and Accrual employees are responsible for monthly updates to fund budgets, processing of fund expenses, quarterly board reporting, and reviewing quarterly financial statements. The Valuation Team is focused on the nightly fair valuation process, monthly reporting to the valuation committee, quarterly reporting to the board, and oversight of third-party pricing vendors. We have a culture of communication, understanding, and accountability. We are a very collaborative and open team with individuals who have varying levels of education and work experience. The team is motivated to work together, create efficiencies in their processes, create automation whenever possible, and encourages cross-training within the group. The team started out with a single employee and has grown to six employees over the years, with continuity on the team from 1-13 years.

The Impact:

Daily responsibilities would include:

  • Tracking and recording a high volume of derivative transactions, with a focus on the ability to identify, research, and resolve discrepancies

  • Tracking and recording daily fair valuation activity

  • Create audit packages for interim and year end audits

  • Assist in analyzing nightly fair valuations

Monthly/Quarterly/Annual responsibilities would include:

  • Assist in the preparation and review of the N-PORT filing; including running reports, gathering data elements, populating files, tracking fund changes

  • Participating in vendor oversight meetings

  • Reviewing financial statements

  • Assist in the preparation and review of N-CEN filing

The Minimum Qualifications

  • 1+ years of related business experience

  • Associates Degree or relevant work experience

  • Ability and willingness to work from 10am-7pm EST

  • Solid skills in Microsoft Excel

  • Thrives in both a team and self-motivated environment

  • Attention to detail and strong organizational skills

  • Ability to develop and enforce policies and procedures

  • Excellent verbal and written communication

  • Open to 100% Remote

The Ideal Qualifications

  • Bachelor’s Degree in business or accounting is preferred

  • Knowledge of investments, mutual fund operations, valuations, and regulatory reporting requirements

  • Experience in building and maintain databases

  • Experience in creating dashboard reporting

  • Experience in the area of process improvement

  • Strong analytical and problem resolution skills

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Mutual Fund Administration 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 nosiness with industry leading pay and benefits