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MassMutual · 7 hours ago

Structured Credit Associate

Boston, MA

Full-time

Onsite

Mid Level

3+ years exp

MassMutual is a financial services company seeking a Structured Credit Associate for their Fixed Income Portfolio Management Team. The role involves evaluating, structuring, and monitoring structured credit investments while managing relationships with asset-backed managers and supporting the investment management department's goals.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Act as a thought leader for designated areas of concentration

Execute fundamental credit analysis of individual holdings within various structured asset classes and recommendations of action where necessary. Recommendations are used by Portfolio Managers, the Head of Asset Allocation, and the Head of FIPM to drive and influence investment decisions for the GIA, and to ensure investment recommendations are aligned to our investment philosophy/fit our long-term strategy (i.e. patient, long-only investment style that strives to manage risks and take advantage of opportunities)

Research, underwrite, analyze, and monitor multiple fixed income asset classes including bringing names and/or strategies through Investment Committee(s)

Conduct in-depth macro research into various investment-related topics to support the evaluation of potential investment opportunities as well as the surveillance of current GIA holdings. The insights generated from this research are intended to be additive to performance, relative to benchmark and pricing assumptions. Deep, thorough, and original structured credit research results in actionable, real-time investment decisions across assigned sectors

Work with owned and/or outside asset managers to review their respective GIA fixed income portfolios, strategy, and performance to provide recommendations to the senior leadership of FIPM

Contribute to MassMutual Investment Management’s collaborative investment process by sharing views with Investment Management leadership (PMs and Analysts), providing critical input to the team related to their analysis and associated buy/sell recommendations

Qualification

Structured credit investmentsCredit analysisAsset-backed securitiesFinancial modelingBloomberg terminalMicrosoft ExcelAnalytical thinkingCommunication skillsTeam collaborationAttention to detail

Required

Bachelor's Degree in Finance, Economics or related field

3+ years of relevant experience structuring and underwriting complex structured credit investments in an Investment Banking role, a Junior Portfolio Management role for an asset manager, or similar

3 + years of experience modeling complex investments across Asset-Backed Securities markets

Experience working with transaction counsel and analyzing complex structures

A systematic and deep thought process with the ability to understand and articulate portfolio implications of individual ideas

Comfort with basic concepts in structured finance, such as structural leverage, LTV & attachment and detachment points, triggers, covenants, collateral types, speeds, default curves, average life, structure types and performance metrics

Ability to underwrite, structure and act as diligence-lead on private ABS transactions

A high degree of intellect, curiosity, drive for continued improvement, and a passion for investing

Attention to detail, strength of conviction, ability to think independently, and generate original ideas and opinions

A desire to work in a collegial team-oriented environment and openness to discussing, sharing, and debating original investment ideas with a collaborative style

An effective communication style that has been applied in presenting to clients, senior leadership, and broader audiences; strong communication skills (both written and oral) that result in succinct and defensible recommendations

A flexible, open-minded style and an interest in gaining perspectives from various sources and people. Highest standards of personal honesty and integrity

Proficiency In Microsoft Office with strong Excel modeling skills; ability to work with complex datasets

Proficiency in Bloomberg terminal

Understanding of cash flow modeling and exposure to Intex (or like) modeling

Preferred

Advanced degree in Finance, MBA or CFA designation preferred

Knowledge and experience with Liability Driven Investment (LDI) and/or insurance solutions preferred

Benefits

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

Company

MassMutual

Glassdoor3.9

MassMutual is a mutual life insurance company that provides investment management and trust services.

Founded in 1851

Springfield, Massachusetts, USA

5001-10000 employees

https://www.massmutual.com/

H1B Sponsorship

MassMutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (96)

2024 (94)

2023 (66)

2022 (115)

2021 (121)

2020 (73)