Associate, Strategy & Partnerships - 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.

The Company

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

LMI has been on a transformation path to spur innovation, capitalize on deep expertise, and scale its returns on long-term flexible capital through a “one firm, one portfolio, one team” mindset. Our operating model is built on three pillars: centralized portfolio construction, asset management, and investment-enabling services. Our portfolio spans a broad spectrum of public and private asset classes, and we are committed to expanding our capabilities and our toolkit in furtherance of our mission.

The Position

This is a range posting between a Sr. Analyst and Associate position and level will be determined by hiring team based on experience.

The Strategy & Partnerships team, part of the $10 billion Global Credit Markets portfolio, is hiring a Senior Analyst or Associate to focus on the expansion of our external partner network. This individual will be part of a growing Private Credit team focused on partnering with leading alternative lenders and private credit specialists. In this role, you will be an integral member of the team with responsibilities that provide for an investment’s full life cycle. The individual will source, screen, analyze, evaluate and value fund investments in the private credit space. The mandate is global and spans sectors, collateral and security types. Investment professionals have access to many of the leading global and U.S. alternative asset management firms as well as industry leading strategists and speakers. You will work directly with the private credit investments team in a dynamic and cross-functional team environment.

Responsibilities

• Support the private credit team in the prospecting and evaluation of new investments in private credit funds and co-investments, as well as in the monitoring of existing private credit fund investments within the portfolio.
  • Lead all aspects of due diligence and analysis of fund investments, including pro forma modeling and examining past underlying portfolio investments.
  • Develop and present investment committee materials.
  • Manage deal execution, including legal documentation.
  • Engage with external partners and investors.
• Market Research: Provide timely market intelligence to the team on the evolution of the private credit landscape as well as deal-specific observations on market pricing, investment structures and deal terms by performing market mapping, identifying and meeting with external managers, and evaluating new opportunities.
• Fund Investing: Analyze potential fund investments and make recommendations on commitments to external managers to our investment committee. Negotiate limited partnership agreements and side letters.
• Partner Engagement: Engage with partners to monitor performance, track trends and investment themes, and source and analyze direct investments and strategic development opportunities.
• Relationship Management: Managing and maintaining a CRM system to track partnership interactions, pipeline investments and managers in the market.
• Asset Management: Drive quarterly reporting with an emphasis on analyzing and measuring credit and financial performance in the portfolio from multiple perspectives including asset class, product, industry.
• Project Management: Independently run projects and work with external partners and work internally with other LMI credit groups as well as our legal, asset allocation, risk, and accounting and operations teams to develop customized solutions for corporate counterparts.
• Team Collaboration: Work independently in a flat/lean team structure and promote a culture of collaboration, being willing to work cross-functionally to add value across the organization.
• Technology and Analytics: Pursue the development of technology, data, and analytics needed to support the role.

• Bachelor's Degree from a leading institution (Finance, Economics, or Accounting preferred).
• 3+ years of related work experience (prior experience in private credit, fund investing, direct investing, investment banking, consulting, or M&A is preferred).
• Possess excellent quantitative and qualitative analytical skills, decision making ability, and communication skills, both verbal and written.
• High comfort level working in Excel, PowerPoint and Word (Efront and CapitalIQ also preferred).
• Producer of detail-oriented, accurate and consistent work product.
• Comfortable making investment recommendations to and fielding questions from an investment committee.
• Desire to, and professionalism necessary to, interact with external constituencies including alternative asset managers and private credit partners.
• Ability to prioritize and manage multiple tasks in a fast-paced environment.
• Self-motivated with the ability to work independently as well as collaboratively across a team-oriented environment.

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

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally. 

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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.

Fair Chance Notices

• California
• San Francisco
• Los Angeles
• Philadelphia