Director, Restructuring - Liberty Mutual Investments

The Company

Come build on our integrated platform with industry-leading talent, world-class partners, and freedom to innovate.

Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty). With deep expertise in fixed income, equity, and alternative strategies, LMI invests more than $100B of long-term capital globally, and has a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY. LMI has a clear purpose: drive economic growth, build enduring businesses side-by-side with our partners, and generate superior risk-adjusted returns that secure Liberty’s promises.

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. As the investment firm of a mutual with long-term capital, LMI has a single client mandate. This gives us the freedom to focus on what we do best.

Our portfolio spans a broad spectrum of public and private investments, and we are committed to expanding our capabilities and our toolkit in support of our mission. We invest across diverse asset classes, financial structures, and industries, including real estate, digital infrastructure, healthcare, renewable energy, and technology—with the aim of creating value and powering innovation. We pride ourselves on our extensive network of mutually beneficial partnerships, and we use our substantial influence, capital, and energy to drive towards a better future.

The Position:

We’re seeking a decisive Director, Restructuring to lead workout and special-situations efforts within our global credit platform (GCM).  This leader will act as the firm’s point person for stressed and distressed positions, both public and private, spearheading capital structure assessments, modeling recovery paths, and executing both in-court and out-of-court solutions that preserve and enhance portfolio value.  Success in this role hinges on sharp capital-structure analysis and confident stakeholder negotiation. You will collaborate with deal teams, portfolio managers, research analysts, counsel, and advisors to craft turnaround plans, optimize exits, and capture upside across complex situations—bringing a proactive, ownership mindset to every position rather than simply monitoring problems once they emerge.

Core Responsibilities:

• Workout Leadership
  • Re-underwrite public and private stressed credits; develop and execute recovery and exit strategies.
  • Steer liability management transactions and restructurings, both consensual and court supervised.
  • Serve as the primary point of coordination across legal counsel, financial advisors, co-lenders, and internal deal teams.
• Portfolio Surveillance
  • Own and enhance early-warning analytics across the platform (e.g., ratings migrations, covenants, and other triggers).
  • Shadow high-risk names to ensure a seamless hand-off and continuity in transition from investment to workout.
• Investment Underwriting (as bandwith allows)
  • Underwrite opportunistic or special-situations investments (across public or private portfolios) during lower workout volume periods.
  • Ensure continuous engagement with front-end investment process and strengthen cross-platform connectivity.
• Playbook & Process Design
  • Build and maintain restructuring playbooks, case templates, and decision frameworks.
  • Institutionalize key learnings and tactics via a central knowledge hub accessible across the platform.
• Market Intelligence
  • Track market trends in distressed debt and restructuring; feed insights to the investment teams and trading desks.
  • Represent the firm externally in restructuring forums and relevant industry networks.
• Firmwide Contribution
  • Act as a cross-functional resource on initiatives; mentor junior team members in workout disciplines.
  • Promote a culture of commercial agility, transparency, and shared learning.

• Experience
• Minimum 6+ years in restructuring, workouts, special-situations investing, or turnaround advisory.
• Demonstrated experience in leading complex restructurings or distressed investment cases.
• Strong exposure to credit documentation, liability management, and legal process strategy (Chapter 11, out-of-court solutions, etc.).
• Skills

• Formal credit training, with strong command of cash flow forecasting, financial modeling, and recovery analysis.
• Deep understanding of capital structures, intercreditor dynamics, and documentation mechanics.
• Familiarity with distressed investing metrics, valuation scenarios, and court filings.
• Excellent negotiation and stakeholder management skills (including with sponsors and legal teams).
• Exceptional written and verbal communication skills.
• High organizational acumen with a problem-solving and entrepreneurial mindset.
• Team player with demonstrated ability to thrive in high-pressure, fast-paced environments.
• Self-starter with commercial mindset

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 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. 
 
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