Institutional Insurance Investment Product Analyst

MassMutual; Springfield (MA); On-site; USD 95,000 - 125,000; Full time

Job summary

MassMutual is seeking an Institutional Insurance Investment Product Analyst to combine investment product expertise with quantitative analysis to support performance, oversight, and administration of institutional insurance solutions. You will own recurring investment and liquidity reporting, monitor accounts, investigate discrepancies, and translate complex data into clear insights for internal teams and clients.

The role requires independence, strong controls, and collaboration.

Qualifications

• Bachelor’s degree in a related field.
• 5+ years in investment products or financial services.
• 5+ years producing or interpreting quantitative reporting.
• 5+ years using Excel to reconcile data and communicate findings.

Responsibilities

• Produce and enhance recurring investment and liquidity reports.
• Reconcile institutional accounts with custodians and fund administrators.
• Coordinate fund subscriptions, transfers, redemptions, and large-trade monitoring.
• Perform trend, variance, and risk analysis across investment data.
• Respond to questions from internal staff and clients regarding funds and reports.

Skills

Quantitative analysis

Data interpretation

Communication skills

Collaboration

Attention to detail

Education

Bachelor’s degree

Tools

Excel

Bloomberg

Morningstar

Mercer Analytics

State Street PayHub

Data visualization tools

Databases

Job description

The Opportunity

As an Institutional Insurance Investment Product Analyst, you will combine investment product expertise with quantitative analysis to support the performance, oversight, and ongoing administration of MassMutual’s institutional insurance solutions. You will own recurring investment, liquidity, experience-rating, and claims reporting; monitor account and fund activity; investigate discrepancies; and translate complex data into clear, actionable insights for internal partners, intermediaries, and clients. Working with a high degree of independence, you will also strengthen controls, improve processes, and help deliver reliable outcomes across BOLI, COLI, ICOLI, , Private Client Group and related separate account and insurance-dedicated investment offerings.

The Team

The Institutional Insurance team supports one of the industry’s leading providers of BOLI, COLI, and ICOLI solutions. Our multidisciplinary team includes professionals across sales, client service, operations, strategy, product, finance, underwriting, compliance, actuarial, and investment functions. We partner closely with consultants, brokers, advisors, investment managers, custodians, and enterprise stakeholders to deliver innovative solutions that help financial institutions, corporations, and insurance company clients meet long-term financial objectives. The team is collaborative, analytical, client-focused, and committed to operational excellence and continuous improvement.

The Impact

• Deliver investment and quantitative reporting: Produce and enhance recurring investment, liquidity, stable value, experience-rating, death claim, monthly claim, and in-force reports, validating data and explaining results to internal and client-facing stakeholders.
• Monitor accounts and resolve discrepancies: Reconcile Institutional Insurance accounts held with custodians and fund administrators using State Street PayHub and other resources; partner with internal teams and external providers to investigate and resolve balance, cash-flow, trade, and data issues.
• Support investment product administration: Coordinate fund subscriptions, transfers, redemptions, and large-trade monitoring; maintain current product forms, reference guides, investment documentation, and related procedures to support accurate and timely execution.
• Provide analytical insight and oversight: Perform trend, variance, and risk analysis across investment and insurance data; support stable value and experience-rated program oversight, enterprise risk inventory assessments, and ad hoc analyses that inform decisions and identify emerging issues.
• Serve as an investment product resource: Respond to questions from internal staff, wholesalers, agents, intermediaries, and clients regarding Institutional Insurance funds, reports, and processes; coordinate access to quarterly performance calls and distribute current fund materials.
• Improve processes, controls, and systems: Develop and maintain procedure documentation, strengthen data quality and operational controls, automate or streamline recurring work where practical, and participate in cross-functional initiatives that improve efficiency, quality, compliance, and client experience. Support system enhancements and defect resolution using contract, historical, and legal resources to balance costs and benefits.

The Minimum Qualifications

• Bachelor’s degree.
• 5+ years of experience in investment products, financial services, life insurance, institutional insurance, actuarial support, accounting, investment operations, or a related field.
• 5+ years of experience producing or interpreting quantitative financial, investment, actuarial, risk, or operational reporting.
• 5+ years of experience using Excel or comparable analytical tools to reconcile data, perform analysis, and communicate findings.

The Ideal Qualifications

• Experience supporting BOLI, COLI, ICOLI, private placement life insurance, separate accounts, insurance-dedicated funds, stable value, or experience-rated insurance products.
• Knowledge of investment operations, including subscriptions, redemptions, transfers, cash and position reconciliation, fund administration, custody, and investment performance reporting.
• Experience working with custodians, fund administrators, investment managers, brokers, consultants, or other third-party providers.
• Proficiency with Excel and experience with Bloomberg, Morningstar, Mercer Analytics, State Street PayHub, data visualization, database, or programming tools. And willingness to learn other data analysis tools as they become available.
• Demonstrated ability to validate large or complex data sets, identify trends and anomalies, document assumptions, and translate analysis into clear business recommendations.
• Strong judgment, attention to detail, and organizational skills, with the ability to manage recurring deliverables and competing priorities.
• Strong written and verbal communication skills, including the ability to explain investment and quantitative concepts to technical and nontechnical audiences.
• Demonstrated collaboration, customer focus, accountability, and ability to influence outcomes across functions without direct authority.
• Progress toward or completion of relevant investment, insurance, actuarial, or financial services designations.

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Institutional Insurance team and cross-functional business partners.
• Focused one-on-one meetings with your manager.
• 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 professional development platforms.
• Your ethics and integrity will be valued by a company with a strong, stable, and customer-focused culture.

Salary Range:

$95,100-$124,800

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. We welcome all persons to apply.

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.