Security Trade and Reconciliation Analyst

Full-Time

Springfield, MA OR Boston, MA

The Opportunity

As a Securities Trade and Reconciliation Operations Analyst, you will play a critical role in a fast-paced, complex, and collaborative environment, where you will apply your investment knowledge and technical skills as a member of the Trade Operations and Reconciliation team. This role offers the ability to learn the overall flow of data in the investment ecosystem and offers opportunity to work with teams across the organization that utilize investment data. The nature of the work will require perseverance, accountability, attention to detail and the ability to react to ever-changing business needs.

The Team

As a member of the Trade Operations and Reconciliation team, you will provide essential support for the Investment Data Ecosystem which includes troubleshooting and resolving issues with security trades, reference data, critical data elements, reporting and month end investment close processes. This role offers the opportunity to partner with teams around the organization to identify and implement process and data improvements. You will understand the importance of investment data quality and look for opportunities to continuously improve processes.

The Securities Trade and Reconciliation team is part of the Positions and Pricing Oversight team, a part of the MassMutual Investment Operations department within the Investment Management division. The Securities Trade and Reconciliation team oversees the daily processing of security trades for all assets in MassMutual’s General Investment Account (GIA) as well as partners closely with Investment Accounting, Tax Accounting and Enterprise Risk Management to address and resolve data related issues.

The Impact

• Monitoring trade ingestion from all sources into the investment accounting system, resolve issues ‘on the fly’ or work with respective business partners to resolve issues.
• Understand and maintain security master file (SMF) data and update as needed.
• Process manual trade activity when needed and follow appropriate controls.
• Perform trade and SMF reconciliations, identify breaks and root cause for remediation, escalate to the appropriate partners when needed.
• Develop business knowledge of other transaction types such as corporate actions, paydowns and income payments to understand how activity flows through the system.
• You will be expected to work independently and be a key resource for resolution of unique or complex business problems such as data issues within Eagle but also external data issues and working with others on resolutions.
• Successfully manage multiple priorities, communicate and collaborate effectively with various stakeholders across the organization, and deliver on your commitments.

The Minimum Qualifications

• Bachelor’s degree in accounting, finance or related area
• 3+ years of experience in investment operations

The Ideal Qualifications

• Understanding of investment operations processes and related data workflows
• Strong documentation skills
• Strong collaboration skills and the ability to work in a team-based environment
• Knowledge of Investment Operations ecosystems
• Knowledge of Eagle PACE or similar financial data management tool
• Knowledge of Eagle STAR or similar investment accounting platform
• Expert user of Excel
• Knowledge of SQL/Oracle query tools
• MicroStrategy, or other reporting tool experience a plus
• Ability to perform independent research and serve as a key resource for resolution of unique or complex business problems
• Strong multi-tasking skills, ability to adapt to change and manage competing priorities
• Strong collaboration skills and the ability to work in a team-based environment
• Strong documentation skills
• Strong analytical skills

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Positions and Pricing Oversight team
• Focused one-on-one meetings with your manager
• 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

#LI-MM

Salary Range:

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.