Pay PhilosophyThe 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.DescriptionThe CompanyLiberty 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 over 300 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.LMI has been on a transformationpath 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 portfolioconstruction, asset management and global investment solutions. The teams arestructured as Investment Business Units (IBUs) working in concert: Strategy & Asset Allocation, Risk Management, Global Fixed Income, Global Partnerships & Innovation and Global Investment Services (GIS). 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 PositionThis role is part of the LMI Vendor Management team, and it includes ownership of the pipeline of investment vendor work and is the main point of contact for stakeholders seeking to source and establish new relationships and manage existing relationships with investment vendors/suppliers. A successful candidate will have a good understanding of the investment and information services industry and how these services are used in the asset management industry. ResponsibilitiesCollaborating with investment business and product owners and other stakeholders to understand Investment needs and deliver appropriate solutions through negotiating and executing contracts.Developing sourcing strategies in partnership with Liberty Mutual's Enterprise Procurement organizationIdentifying cost-saving opportunities and facilitating robust contract negotiations to achieve favorable terms and conditions, while ensuring data/service usage and pricing is accurately recorded.Maintaining an audit trail for all contracts and commercial agreements, ensuring all commercial terms are accurately recorded in procurement systems.As required, assist the LMI Treasury team with escalation of invoicing issues.Managing relationships with Investment suppliers and providers, ensuring service quality and adherence to contractual obligations.Conducting regular vendor service reviews including use of a clear vendor scorecard methodology.Actively supervising actual system usage to ensure value is acquired and to feed into renewal discussions and regular service reviews.Ensuring that the acquisition and use of Investment products and services complies with all relevant regulatory requirements.Staying abreast of regulatory changes affecting the investment landscape and implement necessary changes to maintain compliance.Working closely with the Compliance and Legal teams to address any regulatory concerns and support audits related to investment suppliers and services.Assists Financial Planning and Analysis with budget analysis inquiriesQualificationsBachelor's degree in business or finance and 5+ years of investment and/or vendor experienceStrong communication skills with the ability to influence effectivelyComfortable working with external vendors as well as cross-functionally to drive business results Self-driven, superior organizational skills, integrity, and great follow through on tasks. Does not get overwhelmed easily Excels in ambiguous situations and sees uncertainty as fun Approach strategic analysis with an unbiased mindset, can empathize with stakeholders and make thoughtful, data-driven recommendationsKnowledge of legal and commercial aspects of vendor licenses.Understanding of financial instruments and international exchangesInterested in new technology and proficient in the use of MS Word, Excel, PowerPoint, Access, ProjectAbout 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.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: 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: 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 NoticesCaliforniaSan FranciscoLos AngelesPhiladelphiaJob SummaryID: 2024-67289Position Type: Full-TimeMinimum Salary: USD $111,700.00/Yr.Maximum Salary: USD $188,800.00/Yr.Flexible Time Off Annual Accrual - days: 20