Location: New York,NY, USA
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
Company Overview
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. The teams are structured as Investment Business Units (IBUs) working in concert: Strategy & Asset Allocation, Risk Management, Global Fixed Income, Global Private Investments, and Global Investment Solutions. 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. #LMI
Position Overview
The Capital Solutions team, part of the $15 billion Global Private Investments 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 credit and structured equity investing.
* Exceptional analytical, quantitative, and financial modeling skills in Excel and a high level of comfort in Word and PowerPoint.
* Detail-oriented, accurate, and capable of producing consistent work product.
* Comfortable making investment recommendations to and fielding questions from an investment committee.
* Professionalism necessary to interact with external constituencies, including corporate executive teams, alternative asset managers, and external law firms.
* Ability to prioritize and manage multiple tasks in a fast-paced environment.
* Self-motivated and creative, with the ability to work independently as well as collaboratively across a team-oriented environment.
* General knowledge of capital markets and fixed income investments.
* Team-oriented individual with ability to collaborate across both the Capital Solutions team and broader LMI organization.
About Us
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. 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, please visit
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. 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:
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.