Associate, Capital Solutions - Liberty Mutual Investments

Pay Philosophy

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.

Description

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

 

The Capital Solutions team, part of the $10 billion Global Credit Markets portfolio, is hiring an Associate for the team. The team focuses on being a capital partner of choice for companies. We execute on opportunistic transactions across the debt and equity spectrum that span geographies, sectors, and collateral types, targeting teens returns with downside protection. Capital Solutions can invest in private and public credit across security types, including 1st lien, 2nd lien, and mezzanine debt, along with preferred and structured equity. This Associate hire will be a crucial part of a lean team, contributing to the growth and continued success of the Capital Solutions business.

 

Responsibilities:

 

• Deal Execution: Partner with senior team members to execute all aspects of deal execution, including investment framing, credit underwriting, due diligence, structuring and negotiation, management of the investment committee process, legal documentation, and asset management.
• Lead all aspects of due diligence and analysis of investments.
• Develop investment committee memoranda and present to investment committees.
• Perform detailed financial modeling to support investment decision-making.
• Support deal execution, including the development of legal documentation.
• Monitor existing investments.
• Engage with external partners and management teams.
• Market Research and Sector Analysis: Understand the merits of transactions and the underlying businesses, understand trends within a particular sector, and conduct market research.
• Project Management: Manage multiple projects at a time 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.
• Value Generation: Drive robust relative value discussions across the organization and seek to generate optimal risk-adjusted returns for the overall portfolio.
• 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.

Qualifications

• Education: Bachelor's Degree from a leading institution (Finance, Economics, or Accounting preferred).
• Experience: 3-6 years of related experience within credit investing, private equity, investment banking (restructuring and M&A preferred), or consulting.
• Skills:
• Excellent quantitative and qualitative analytical skills, financial modeling skills, decision-making ability, and communication skills, both verbal and written.
• Strong interest in cred