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. #LMI

 

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.

About Us

Compensation offered is based off 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.

 

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

 

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://www.libertymutualgroup.com/about-lm/careers/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.  Fair Chance Notices 

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco