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Director of Investment Pricing

Director of Investment Pricing

MassMutualBoston, MA, United States
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Overview

The Opportunity We are seeking a highly motivated and experienced professional to lead and elevate the firm’s pricing and portfolio valuation function. This role is critical to ensuring timely, independent, and fair valuations of all invested assets—including public and private securities, derivatives, loans, commercial mortgages (CMLs), and real estate—within the firm’s Investment Data Ecosystem. The successful candidate will be responsible for determining and validating asset values and ensuring pricing data is accurate, complete, and seamlessly integrated into core financial reporting and investment analytics systems.

Location : Full-Time — Boston, MA or Springfield, MA

The Team

The Pricing and Valuations team is part of the MassMutual Investment Operations group within the Investment Management division, reporting to the Head of the Positions and pricing Oversight Team. This team works closely with asset-class-specific investment teams and is aligned with the reconciliations team to ensure consistency with MassMutual’s operational processes.

The Impact

The Pricing & Valuations Director will have an impact in the following four areas :

  • Strategy & Governance

Define and continually enhance the Pricing & Valuations Policy in line with regulatory guidance and MassMutual’s policies

  • Participate in the Valuations Committee; set agendas, prepare packs, document minutes and ensure timely escalation of material valuation matters
  • Actively seek and propose enhancements to processes in Pricing and Valuations across technology, data, personnel, and operational practices
  • Operational Oversight

    • Oversee daily and month-end price capture, tolerance checks, stale price monitoring and exception management across all asset classes (listed equity, fixed income, OTC / ETD derivatives, private assets, loans, real assets)

  • Understand and opine on complex valuation models (DCF, comparable transactions, NAV waterfall, Black-Scholes, CVA / DVA, etc.)
  • Approve valuations; partner with asset managers and third-party pricing vendors to resolve challenges
  • Report into MM governance forums on pricing issues, processes and risks
  • Control & Risk Management

    • Own controls covering pricing source hierarchy, valuation adjustments (liquidity, credit, FX, bid-ask), and fair-value levelling

  • Lead periodic independent price verification (IPV) and provide attestation to Audit & Risk Committees
  • Coordinate external audit requests and manage regulator / board queries on valuation matters
  • People Leadership

    • Lead and mentor a team of 4-5 pricing analysts / valuation specialists

  • Drive talent development, succession planning and a culture of continuous improvement and constructive challenge

    • The Minimum Qualifications

  • Bachelor’s in Finance, Economics, Accounting or STEM
  • 10+ years in asset management, hedge fund, custodian or Big 4 valuation advisory
  • 3+ years in a leadership role

    • The Ideal Qualifications

  • CFA and / or CAIA preferred
  • Deep knowledge of multi-asset valuation techniques, pricing vendor landscape and accounting / reporting standards
  • Proven track record designing and operating control environments
  • Advanced Excel / VBA; exposure to Python, SQL or Alteryx beneficial. Familiarity with order-management and accounting platforms (e.g., Aladdin, SimCorp, Geneva, Eagle).
  • Strategic thinker with strong commercial acumen, influential communicator at C-suite / board level, calm under pressure, and able to balance independence with business partnership mentality

    • 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

    • MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

    Position Details

  • Seniority level : Director
  • Employment type : Full-time
  • Job function : Management

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    Director Of Pricing • Boston, MA, United States