Account Management Senior Leader

2 weeks ago

Melrose, United States MassMutual Full time

The Credit Special Situations and Workout Lead will be primarily responsible for the evaluation, analysis, restructuring, and on-going monitoring of distressed and/or non-performing assets held in MassMutual’s General Investment Account (GIA) with the aim of minimizing losses and maximizing returns. The role will be responsible for GIA holdings managed internally, via MassMutual’s wholly owned asset manager Barings, as well as other outside asset managers and liaising across all parties. Asset coverage is both public and private and includes credit, structured, securitized, alternatives, and real estate as required and assigned. The role will work closely with the internal asset class experts who have primary oversight of the asset, the segment portfolio managers, and the Head of Fixed Income Portfolio Management. The successful candidate will serve as an expert on all matters related to workout and special situations of said non-performing assets.

The Fixed Income Portfolio Management (FIPM) team has responsibility for asset allocation, fundamental credit underwriting and monitoring, and ESG investment strategy. A small and highly collaborative team, FIPM works with other teams in Investment Management to manage the product segment portfolios and the approximately $250 billion General Investment Account (GIA). The team pairs fundamental investment analysis and asset allocation skills with quantitative and asset/liability management expertise. This high-profile group works across all of Investment Management as well as with our other internal stakeholders including product, actuarial, treasury, accounting, risk, legal, and compliance, among others.

The successful candidate will be accountable for the evaluation, analysis, restructuring, and on-going monitoring of distressed and/or non-performing assets, ultimately making recommendations that directly lead to investment decisions. This role will play a critical part insupporting the investment management department’s goal of providing MassMutual policy holders’ financial security.

Execute fundamental credit analysis of individual holdings within various asset classes, develop range of outcome scenarios, manage and execute process to maximize recovery that aligns 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)

The Credit Special Situations and Workout Lead’s recommendations are used across Investment Management including the .Barings) and/or outside asset managers to review their General Investment Account fixed income portfolios, strategy and performance and identify assets trending toward non-performing status and provide buy/sell/hold recommendations across the GIA portfolio management team with the goal of maximizing returns

Contribute to MassMutual Investment Management’s collaborative investment process by owning all workout and special situation analysis, sharing views and market trends with Investment Management (leadership/PMs and Analysts), and providing critical input to the team that directly informs their analysis and associated buy/sell recommendations

Oversee, analyze, monitor and communicate Investment Management and with the CFO’s team on potential impairments for assets held in the GIA

Act as a subject matter expert as required for the current expected credit loss (CECL) model and liaise across Investment Management and CFO’s team

Work with the Quantitative R&D team within Investment Management on credit default predictive models and interpreting their output to develop a collaborative action plan

Minimum 10 years of relevant workout experience with full sector and security selection responsibility (e.g. credit analysis, portfolio management, credit hedge fund, private credit, etc.) and 15 years of broader financial services experience
Deep understanding and strong experience in bankruptcies, workouts and restructurings of assets and/or companies.
Well-developed analytical skills reflected in credit and/or cash-flow analysis.
Strong academic credentials that ideally include a CFA and/or an M.Comprehensive analysis and understanding of collateral and positioning in the capital stack, value determination, and restructuring alternatives
Ability to negotiate and structure complex debt instruments and oversee transactions through the legal documentation phase.
Engagement of and interaction with third party consultants including attorneys, receivers, liquidators, financial/restructuring advisors, appraisers, as needed
Thorough understanding of and compliance with the governing loan documents (if any), loan servicing agreements, reporting requirements and state and federal laws governing bankruptcy and receivership actions
Strong organizational skills with the ability to manage multiple priorities.
An effective communication style that has been applied in presenting to clients, senior leadership, and broader audiences; A flexible, open-minded style and an interest in gaining perspectives from various sources and people. Proficiency In Microsoft Office with strong Excel modeling skills; Regular meetings with the Investment Management team
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
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. 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.

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