Investment Professional

MassMutual•Boston, MA

1d•Hybrid

About The Position

Join a fundamental value-oriented investment team focused on generating attractive risk-adjusted investment performance over a long-term time horizon across a wide spectrum of asset types. The strategy is a flexible and opportunistic mandate to invest across traditional corporate capital structures as well as other less traditional asset classes and strategies, in either private or public form. This position will provide a unique opportunity to execute investments in different markets and stages from start to finish. The successful candidate will be open-minded and enjoy solving challenges, no matter the issue, while possessing a collaborative and team-first mentality. Various potential investments may include leveraged loans, high yield bonds, convertible or hybrid securities, distressed or event-driven situations, private or public equity, joint-ventures/seed investments, asset-backed credit/structured products, and selective private partnerships. Functionally this role is a cross-asset or hybrid investment position that will allow for shifting across different investment strategies and asset classes in search of asymmetric risk/reward. This position is within a newly-formed focus area inside of the Alternatives team that is small and collaborative with various members across different verticals, and experience levels, including credit, real estate, private equity, and other investments. Team members wear multiple different hats and are motivated by a shared goal to source, research, analyze, and execute on unique investment opportunities, that generally target equity-oriented returns with a distinct focus on risk and downside protection, typically with creditor lens. This position will support broader Investment Management and our entire organization. This Position will be a critical team member capable of material contributions supporting all aspects of the investment process and leading in certain cases where appropriate. Specific work streams will focus on and include but are not limited to financial modeling; research and analysis; investigative due diligence, producing investment memos; legal review, and general critical thinking/problem-solving. Given the flexibility of this role, the different investments/security types, and asset classes, this individual should be comfortable, or seek to gain comfort, in shifting perspectives as needed, based on the underlying investment and situational context.

Requirements

Bachelor's Degree
2+ years of experience in investment research, turnaround/restructuring consulting, distressed/stressed credit, legal due diligence, and/or related role(s)
2+ years of experience in bottoms-up financial modeling and analytic skills

Nice To Haves

Industry/sector knowledge in one core, or multiple, different sub-sectors, industries, along with a desire to explore other different areas of opportunity
Experience in, or exposure to, public and private investments and a working knowledge of different alternative asset classes and capital structures
Professional experience in complex situations, difficult negotiations, and/or businesses undergoing material change
Background in, or experience with, an event-driven or fundamental value-oriented multi-strategy alternative investment approach, distress/corporate restructurings, turnaround consulting, private equity, or a related advisory role
Ability to work with all seniority levels as well as a desire to maintain and grow strong relationships
Desire to work in a small, collaborative team with shifting responsibilities and areas of focus
Strong communication skills and deep attention to detail
Interest in multiple different investment types/strategies and a fundamental value-oriented approach to investment analyses

Responsibilities

Analyzing public or private investment opportunities
Reviewing financial and legal documents as well as other forms of due diligence or market intelligence
Developing, updating, and maintaining financial models or other analytical tools
Preparing and presenting investment recommendations
Presenting and communicating analysis, research, and conclusions while soliciting feedback; audience may include colleagues and external stakeholders
Driving a process from start to finish with various levels of independence when appropriate