Cash Portfolio Manager

Massachusetts Mutual Life Insurance; Boston (MA); On-site; USD 150,000 - 190,000; Full time

Job summary

MassMutual seeks an experienced Cash Portfolio Manager to optimize cash across its General Investment Account. You will partner with internal investment teams and external managers to fund investments, reduce cash drag, and keep cash allocations within predefined targets within the Aladdin platform.

This role spans front and middle office duties, including daily cash monitoring, API-enabled workflow automation, and collaboration with treasury, portfolio management, and external custodians to

Qualifications

• Bachelor's degree required or equivalent
• 7+ years in institutional investment management or related field
• Hands-on experience using BlackRock Aladdin in an investment setting
• Strong knowledge of cash management, liquidity and short-term portfolios

Responsibilities

• Lead build-out of Cash Portfolio Management within Aladdin.
• Monitor daily cash balances to target levels and manage overdrafts.
• Coordinate cash movements and prefund investments with external managers.
• Develop APIs to automate cash workflows and improve efficiency.
• Support governance and risk controls around cash strategies.
• Collaborate with treasury, PMs, and external custodians to optimize cash yield.

Skills

Cash management

Cash forecasting

Excel modeling

Investment operations

Education

Bachelor's degree

Tools

BlackRock Aladdin

Bloomberg

Excel

APIs

Job description

Cash Portfolio Manager

Investment Management

Boston, MA

The Opportunity

MassMutual is seeking a highly motivated, solution-oriented investment professional to join MassMutual Investment Management's Fixed Income Portfolio Management team. In this newly created role, you will optimize cash in portfolios for MassMutual's $250 billion General Investment Account (GIA) by partnering with internal investment teams and outside investment managers to fund investments, reduce cash drag, minimize overdrafts and keep portfolio cash percentages within predefined targets. The new function will operate in the Aladdin platform. The role will have front and middle office functions as part of the daily responsibilities.

The Team

The Fixed Income Portfolio Management (FIPM) team is responsible for asset allocation, fundamental credit underwriting and monitoring, ESG investment strategy, and macroeconomic research. FIPM is a small, highly collaborative team that works with partners across Investment Management to manage the product segment portfolios within the GIA. The team combines fundamental investment analysis and asset allocation skills with quantitative and asset/liability management expertise. This high-profile group works across Investment Management and with internal stakeholders in product, actuarial, treasury, accounting, risk, legal, compliance, and other areas.

The Impact

Lead the build of the Cash Portfolio Management function utilizing the Aladdin platform, including the design, processes, workflows and procedures Role will be critical in defining the architecture of the short-term cash ecosystem, including workflows, cash and allocation processes, etc

Accountable for decisions related to MassMutual's investment cash position; directly impacting financial results (cash yield) as well as and reportable cash for investment managers to make investment decisions

Accountable for the daily monitoring of cash balances to cash targets and overdrafts via the Aladdin cash Ladder, including Transferring cash and rebalancing portfolios as needed to maintain cash targets As required, transfer cash to prefund investments executed by the outside investment managers, requiring extensive communication and collaboration across the broader MassMutual organization and asset managers

Build trade orders to strategically invest cash balances across a complex portfolio structure

For non-dollar investments, coordinate cash movements to ensure settlements of investments and hedges

Within guardrails, execute small (less than $1MM USD) cleanup SPOT FXs

As part of enterprise asset liability process, work closely with other leaders in the organization, including Treasury Operations, Liquidity Management, Portfolio Management, Quantitative Portfolio Management, etc. treasury and liability management to update Aladdin with liability forecasts as required. These decisions impact the profitability and risk of the underlying portfolios

For large volumes of cash movements, build and execute Aladdin Application Programing Interface (APIs) to quasi automate; this accountability requires close coordination with leaders in the Treasury area, Portfolio Managers, external custodians; and outside asset managers

Maintain cash targets and other Aladdin configuration

Measure Portfolio performance via key risk indicators (KRI)

The Minimum Qualifications

• Bachelor's degree
• 7+ years of relevant experience within institutional investment management, asset management, treasury, portfolio management, trading, investment operations, or a related investment function
• Hands-on experience working with BlackRock Aladdin within an investment environment

The Ideal Qualifications

• 10+ years of investment experience, including 5+ years of meaningful cash, liquidity, or short-term portfolio management experience
• Deep expertise in Aladdin, ideally including cash ladders, cash management, portfolio/account structures, configuration, investment workflows, or platform implementation/transformation
• Prior experience building, transforming, or materially enhancing a cash-management function, investment operating model, or related investment infrastructure
• Experience managing cash across complex portfolio, account, legal-entity, or insurance investment structures
• Insurance General Account investment experience or experience within a similarly complex institutional asset-owner environment
• Experience with G7/multi-currency cash management, FX activity, and non-USD investment settlement
• Strong knowledge of custody-bank cash operations and interaction with external asset managers and custodians
• Experience with Bloomberg, advanced Excel, and API-enabled workflow/process automation
• MBA, CFA designation, or other relevant advanced degree or professional credential
• Demonstrated ability to operate effectively in a high-pressure, highly collaborative environment requiring strong attention to detail, controls, and execution

What You Can Expect at MassMutual

MassMutual offers the