Associate, Transaction Services - Liberty Mutual Investments

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Liberty Mutual Investments (LMI) manages Liberty Mutual Insurance Group’s (LMIG) global financial assets across global and private domains to build capital and generate income. With over $100 billion in AUM and staffed with 300-plus investment, finance and operations professionals located in Boston, MA, we offer the best of both worlds — the look and feel of a boutique investment firm and the reputation and financial strength of a global leader.

Due to expansion of our business, we have a need to recruit an Associate in the Transaction Services (TS) group of Liberty Mutual Investments (LMI) Finance.

LMI’s Transaction Services group is an internal consulting team focused on supporting the business of investing by providing guidance on deal structuring, deal accounting, valuation, capital management, derivatives, accounting policy, and financial reporting across all asset classes. TS partners with LMI’s investment professionals to navigate through complex transactions during each phase of the transaction process from due diligence to operational execution and on-going financial reporting. TS is responsible for LMI accounting policy and deal support across all asset classes including fixed income, derivatives, private credit, real estate, private equity, and energy transition and renewables sectors.

The primary focus of this role will be technical accounting and deal support across all asset classes.  #LMI

Responsibilities

• Research, evaluate and document technical accounting and financial reporting implications of complex non-routine transactions, including private equity, real estate, joint ventures, asset backed securities, CLOs, structured financing, fixed income, syndicated loans, and distressed debt transactions. Apply US GAAP, IFRS and NAIC accounting standards within the context of the facts and circumstances unique to a particular issue.
• Prepare accounting policy memos and executive level presentations documenting facts, applicable accounting policy guidance, and conclusions.
• Assist front office with structuring complex transactions including review and interpretation of contracts and other documentation to provide accounting guidance on transactions.
• Perform detailed consolidation assessments of new legal entities and SPVs, and reconsideration of consolidation assessments for existing legal entities.
• Establish and maintain strong, collaborative partnerships within LMI, Corporate Finance, outsourcing partners and external auditors.

• Master’s degree in Accounting, Finance or Business.
• CPA license or equivalent required.
• Big 4 accounting firm financial services and/or national technical office experience, or accounting policy or other technical accounting role at a financial institution required (minimum 8 years experience).
• Thorough, comprehensive and current understanding of US GAAP, IFRS and STAT, with demonstrated expertise in accounting for complex transactions including lending products, financial instruments including derivatives, securitization, and consolidation.
• Advanced ability to research the most complex technical issues and work issues through to conclusion.
• Effective interpersonal, oral and written communication skills, and ability to tailor communication to technical and non-technical audiences and all levels of management.
• Demonstrated ability to work across experience levels in a team environment and across front office and all levels of the organization to develop solutions.
• The ability to influence, create and maintain positive professional and industry-related relationships.

**This position may have in-office requirements depending on candidate location.**

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.