Loan Asset Administration Analyst, Investment Operations

MassMutual; New York (NY); On-site; USD 99,000 - 131,000; Full time

Job summary

An established industry player is seeking a Loan Asset Administration Analyst to join their Investment Operations team. This role involves transaction processing, oversight of invested assets, and collaboration with various stakeholders to ensure smooth operations. The ideal candidate will have a strong background in financial services, particularly in investment operations, and possess excellent analytical and interpersonal skills. This dynamic position offers opportunities for growth and development within a supportive team environment, where your contributions will directly impact the company's success and client satisfaction.

Benefits

Mentorship Opportunities

Networking Opportunities

Access to Learning Content

Inclusive Work Environment

Competitive Salaries

Bonus Opportunities

Qualifications

• 5+ years in financial services in investment operations.
• Experience in back-office securities operations and reconciliation.

Responsibilities

• Process and oversee lifecycle of invested assets and portfolios.
• Collaborate with stakeholders to meet deadlines and improve processes.

Skills

Attention to Detail

Interpersonal Skills

Analytical Skills

Problem Solving

Communication Skills

Education

Bachelor's Degree

Tools

Microsoft Excel

Microsoft Outlook

Microsoft PowerPoint

SAP

Job description

Loan Asset Administration Analyst, Investment Operations

Full-Time

New York, NY or Springfield, MA, Boston, MA

The Opportunity

As a Loan Asset Administration Analyst 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 asset managers and investment types, relationship management, customer support, general ledger balancing, reporting, reconciliations, payment validations, complex transaction processing and supporting internal audit processes. You will work collaboratively with internal and external stakeholders to meet deadlines timely and effectively, identifying and implementing process improvements where necessary.

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, self-education and industry participation. To be successful on this team, you must have a strong attention to detail, be able to manage competing priorities, thrive in a fast-paced work environment, have strong interpersonal skills and have a continuous improvement mindset.

The Impact:

As a Loan Asset Administration Analyst, 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:

• 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 on identifying and resolving position breaks
• 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

• 5+ years working in bank loans, private finance equity or public securities structures
• 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, Outlook, PowerPoint)
• SAP experience
• Advanced Banking, Treasury, Investment experience
• Knowledge of syndicated loans
• Ability to problem solve and resolve issues independently, and know when to escalate appropriately
• Excellent verbal and written communication skills, strong attention to detail and a numerate analytical approach are crucial
• Strong inter-personal skills to facilitate collaboration and building positive working relationships
• Risk and controls awareness
• 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

Salary Range: $99,800.00-$131,000.00

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.

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.

For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.