Investment Product Onboarding Associate, Alternatives

MassMutual; New York (NY); On-site; USD 137,000 - 181,000; Full time

Job summary

An established industry player is seeking an Investment Product Onboarding Associate to enhance their Alternatives product offerings. This dynamic role involves collaborating with various stakeholders, managing fund evaluations, and ensuring a seamless onboarding process for alternative investments. The ideal candidate will have a strong background in financial services, particularly in Alternatives, and possess excellent project management and communication skills. Join a company that values ethics and inclusivity, and be part of a team dedicated to helping clients achieve their financial goals while enjoying competitive pay and benefits.

Benefits

Mentorship Opportunities

Networking Opportunities

Access to Learning Content

Strong Ethical Business

Industry Leading Pay

Qualifications

• 5+ years in financial services with 3+ years in Alternatives.
• Experience onboarding workflows and processes.

Responsibilities

• Facilitate manager onboarding and vendor relationship oversight.
• Evaluate new funds and collaborate on due diligence.

Skills

Project Management

Communication Skills

Analytical Skills

Due Diligence

Negotiation Skills

Education

Bachelor’s Degree

Tools

Microsoft Suite

Job description

The Opportunity

As an Investment Product Onboarding Associate you will work closely with a variety of internal and external stakeholders—including fund sponsors, Alternative fintech platforms, the internal new business team/operations, and financial advisors on a comprehensive range of offerings. In this dynamic and fast-paced role you will help enhance the Alternatives product shelf with innovative relevant investment solutions that are scalable with product market fit for our advisors.

The Team

The Alternatives Product team’s mission is to empower advisor practices, agencies, and MassMutual to excel in the HNW space by offering open architecture solutions and expertise. We are dedicated to helping clients achieve their financial goals to grow and transition their wealth through informed investing.

The Impact:

In this role you will play a pivotal role in Fund evaluation, and onboarding across a range of third-party Alternative Investments including Private Equity, Private Credit, Exchange Funds, 1031/721 Exchange and Hedge Funds.

Key responsibilities include:

• Facilitate manager onboarding process, revenue share negotiations, and oversight of vendor relationships.
• Assess operational infrastructure and identify key risks, documenting findings in a written report and memorize workflows pertaining to Alternative product implementation.
• Work with operations / advisors to find solutions to correct any operational deficiencies identified throughout the life of product on approved list.
• Producing periodic sales reports and analyses for internal projects.
• Present findings and results to internal product approval committees, as necessary.
• Understand and effectively communicate complex alternative investment capabilities pertaining to both private and registered investment vehicles, to internal stakeholders, including compliance, internal sales and investment specialists.
• Enhance and create educational resources, ensuring advisors are equipped with up-to-date knowledge on suite of offerings and alternatives platforms.
• Develop relationships with industry peers to foster best practice within Wealth Management channel in the US.
• Evaluate new fund and work alongside due diligence team to vet new strategies.
• Collaborate with operations teams to ensure a smooth and efficient fund onboarding.
• Leverage technology to drive process efficiencies and improve team workflows.
• Assist in maintaining policies and procedures and internal communications.
• Maintain a deep understanding of the Alternatives landscape, including competitor updates, product trends, advisor preferences for both private and registered investment structures.

The Minimum Qualifications

• Bachelor’s Degree
• 5+ years’ experience in the financial services industry
• 3+ years of experience with Alternatives in the financial services industry and/or within financial institutions (banks, credit unions, wires, broker dealers)
• 1+ years’ experience onboarding/documenting workflows and processes
• 3+ years of experience working with Microsoft Suite (Work, Excel, PowerPoint)
• Due to the nature of this position, as part of our background check process, candidates must be able to pass a non-registered fingerprint background check to qualify as a fingerprinted person under FINRA

The Ideal Qualifications

• Series 7 at time of application or willingness to obtain
• In-depth knowledge of investment vehicles such as interval funds, BDCs, Non-traded REITS, private funds, etc
• Experience performing due diligence on secondaries sales strongly desire
• Experience with more complex investments and solutions designed for HNW clients
• Proven project management skills within large organization with multiple stakeholders and strong governance structure
• Strategic mindset with the capability to work cross-functionally in a collaborative environment
• Outstanding product and project management skills

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Alternatives Product and Structured Investments 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 business with industry leading pay and benefits

Salary Range:

$137,800.00-$180,800.00

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 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.

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.