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Director of Investment Pricing
Director of Investment PricingMassMutual • Boston, MA, United States
Director of Investment Pricing

Director of Investment Pricing

MassMutual • Boston, MA, United States
30+ days ago
Job type
  • Full-time
Job description

Director of Investment Pricing Full-Time Boston, MA or Springfield, MA

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.

This position blends strategic leadership of a specialized pricing team with ownership of pricing policies and controls, as well as hands-on collaboration with investment teams, external service providers, and regulatory stakeholders. A key part of the role is fostering team development through coaching, feedback, and knowledge sharing to build expertise and promote cross-functional alignment. The ideal candidate will bring deep knowledge of complex asset classes, strong valuation expertise, and a proven ability to drive process improvements and technology integration within pricing and valuation frameworks.

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 4 areas :

Strategy & Governance

  • Define and continually enhance the Pricing & Valuations Policy in line with regulatory guidance and Mass Mutual’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 an 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
  • #LI-MM

    Salary Range :

    $131,100.00-$172,000.00

    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.

    #J-18808-Ljbffr

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