diff --git a/hazelcast-jet-core/src/main/java/com/hazelcast/jet/impl/execution/ProcessorTasklet.java b/hazelcast-jet-core/src/main/java/com/hazelcast/jet/impl/execution/ProcessorTasklet.java
index 36d9ddf5df6..2ff7748bc9f 100644
--- a/hazelcast-jet-core/src/main/java/com/hazelcast/jet/impl/execution/ProcessorTasklet.java
+++ b/hazelcast-jet-core/src/main/java/com/hazelcast/jet/impl/execution/ProcessorTasklet.java
@@ -114,6 +114,7 @@ private OutboxImpl createOutbox(OutboundCollector ssCollector) {
 
     @Override
     public void init() {
+        context.getSerializationService().getManagedContext().initialize(processor);
         processor.init(outbox, context);
     }
 
diff --git a/hazelcast-jet-core/src/test/java/com/hazelcast/jet/core/ManagedContextTest.java b/hazelcast-jet-core/src/test/java/com/hazelcast/jet/core/ManagedContextTest.java
new file mode 100644
index 00000000000..1e06a4eb194
--- /dev/null
+++ b/hazelcast-jet-core/src/test/java/com/hazelcast/jet/core/ManagedContextTest.java
@@ -0,0 +1,86 @@
+/*
+ * Copyright (c) 2008-2017, Hazelcast, Inc. All Rights Reserved.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package com.hazelcast.jet.core;
+
+import com.hazelcast.core.ManagedContext;
+import com.hazelcast.jet.JetInstance;
+import com.hazelcast.jet.config.JetConfig;
+import com.hazelcast.jet.core.processor.SinkProcessors;
+import com.hazelcast.jet.stream.IStreamList;
+import com.hazelcast.test.HazelcastParallelClassRunner;
+import com.hazelcast.test.annotation.QuickTest;
+import org.junit.Before;
+import org.junit.Test;
+import org.junit.experimental.categories.Category;
+import org.junit.runner.RunWith;
+
+import static com.hazelcast.jet.core.Edge.between;
+import static java.util.Collections.singletonList;
+import static org.junit.Assert.assertEquals;
+
+@Category(QuickTest.class)
+@RunWith(HazelcastParallelClassRunner.class)
+public class ManagedContextTest extends JetTestSupport {
+
+    public static final String INJECTED_VALUE = "injectedValue";
+    private JetInstance jet;
+
+    @Before
+    public void setup() {
+        JetConfig jetConfig = new JetConfig();
+        jetConfig.getHazelcastConfig().setManagedContext(new MockManagedContext());
+        jet = this.createJetMember(jetConfig);
+    }
+
+    @Test
+    public void when_managedContextSet_then_processorsInitWithContext() {
+        // Given
+        DAG dag = new DAG();
+        Vertex p = dag.newVertex("p", TestProcessor::new).localParallelism(1);
+        Vertex sink = dag.newVertex("sink", SinkProcessors.writeListP("sink"));
+        dag.edge(between(p, sink));
+
+        // When
+        jet.newJob(dag).join();
+
+        // Then
+        IStreamList<Object> list = jet.getList("sink");
+        assertEquals(singletonList(INJECTED_VALUE), list.subList(0, list.size()));
+    }
+
+
+    private static class MockManagedContext implements ManagedContext {
+
+        @Override
+        public Object initialize(Object obj) {
+            if (obj instanceof TestProcessor) {
+                return ((TestProcessor) obj).injectedValue = INJECTED_VALUE;
+            }
+            return obj;
+        }
+    }
+
+    private static class TestProcessor extends AbstractProcessor {
+
+        private String injectedValue;
+
+        @Override
+        public boolean complete() {
+            return tryEmit(injectedValue);
+        }
+    }
+}
diff --git a/hazelcast-jet-core/src/test/java/com/hazelcast/jet/impl/execution/ProcessorTaskletTest.java b/hazelcast-jet-core/src/test/java/com/hazelcast/jet/impl/execution/ProcessorTaskletTest.java
index 92dd3d96c6b..049415f4ceb 100644
--- a/hazelcast-jet-core/src/test/java/com/hazelcast/jet/impl/execution/ProcessorTaskletTest.java
+++ b/hazelcast-jet-core/src/test/java/com/hazelcast/jet/impl/execution/ProcessorTaskletTest.java
@@ -16,11 +16,13 @@
 
 package com.hazelcast.jet.impl.execution;
 
+import com.hazelcast.core.ManagedContext;
 import com.hazelcast.jet.core.Inbox;
 import com.hazelcast.jet.core.Outbox;
 import com.hazelcast.jet.core.Processor;
 import com.hazelcast.jet.impl.execution.init.Contexts.ProcCtx;
 import com.hazelcast.jet.impl.util.ProgressState;
+import com.hazelcast.spi.serialization.SerializationService;
 import com.hazelcast.test.HazelcastParallelClassRunner;
 import com.hazelcast.test.annotation.QuickTest;
 import org.junit.Before;
@@ -48,6 +50,7 @@
 import static org.junit.Assert.assertFalse;
 import static org.junit.Assert.assertTrue;
 import static org.mockito.Mockito.mock;
+import static org.mockito.Mockito.when;
 
 @Category(QuickTest.class)
 @RunWith(HazelcastParallelClassRunner.class)
@@ -66,7 +69,10 @@ public class ProcessorTaskletTest {
     public void setUp() {
         this.mockInput = IntStream.range(0, MOCK_INPUT_SIZE).boxed().collect(toList());
         this.processor = new PassThroughProcessor();
-        this.context = new ProcCtx(null, null, null, null, 0, NONE);
+        SerializationService service = mock(SerializationService.class);
+        ManagedContext managedContext = mock(ManagedContext.class);
+        when(service.getManagedContext()).thenReturn(managedContext);
+        this.context = new ProcCtx(null, service, null, null, 0, NONE);
         this.instreams = new ArrayList<>();
         this.outstreams = new ArrayList<>();
     }