Fixed Income Research Associate - Liberty Mutual Investments

Description

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

LMI is seeking a talented seasoned Associate to join the Research team within our Leveraged Finance Team.

Responsibilities:

• Sector expert working independently to provide deep analytical information and high conviction investment recommendations using a combination of top-down sector views and bottom-up fundamental analysis across High Yield, Leveraged Loans and Private Credit.
• Provide timely interpretation of market developments and implications for coverage universe and portfolio.
• Contribute positively to portfolio outperformance through security selection, sector positioning, and structuring.
• Engage with external parties, including borrowers, advisors, and consultants, in execution of due diligence activities.
• Clear ability to calibrate and evaluate relative and absolute risk return trade-offs in primary and secondary markets.
• Leverage AI and large language model tools (e.g., Claude) to accelerate research, due diligence, and portfolio surveillance workflows-synthesizing filings, transcripts, and rating agency materials-and to generate novel analytical insights that sharpen credit recommendations and relative value views.
• Concise written and verbal communication on investment recommendations to Portfolio Managers, Director of Research, Research Team Members, and related Investment Committees.
• Collaborate with Portfolio Managers, Traders, and other investment analysts to maintain a One Team/One Portfolio approach to investment decision-making, leveraging diverse perspectives to identify and pursue investment opportunities that align with overall portfolio objectives.

Qualifications

Qualifications:

• Exhibit intellectual curiosity about global markets, asset classes, our organization and industry.
• Demonstrated deep leveraged finance credit expertise; preferably across both public and private markets.
• Effective communicator with multiple stakeholders including portfolio managers, investment committees, and senior management.
• 5 -10 yrs experience as an analyst making successful investment recommendations.
• Collaborate generously within and across teams, building strong trusting relationships and interacting productively with a broad group of colleagues and investors at all levels.
• Demonstrated proficiency with-or strong enthusiasm to adopt-AI and large language model tools to augment fundamental credit research; comfort designing prompts, workflows, and structured skills that drive efficiency and analytical edge across the coverage universe.
• Have a bachelor’s degree and relevant experience in global fixed income, MBA & CFA encouraged.

Employees should review all role requirements and apply only for positions for which they are eligible. Hiring processes may vary by country, including differences in procedures, requirements, and timelines. For country-specific details, please consult your local recruiting / HR team.