Analyst, Transaction Services - Liberty Mutual Investments

Liberty Mutual•Boston, MA

11h•Hybrid

About The Position

The Transaction Services team is central to LMI’s investment activities, connecting the investment world with the operational and accounting infrastructure. This team, part of LMI’s Finance team within the Global Investment Solutions Organization, is known for its cross-functional nature and intellectual rigor, impacting nearly every asset class and transaction type. Transaction Services provides expertise in deal structuring, technical accounting, valuation, capital management, derivatives, and accounting policy across all asset classes. The team collaborates with investment professionals throughout the entire transaction lifecycle, from due diligence and execution to financial reporting. They also conduct operational due diligence (ODD) on new investment managers to evaluate their operational readiness. A key function is providing independent valuations for illiquid assets like private equity, private credit, real estate, and infrastructure, using a structured and transparent framework. Additionally, Transaction Services manages relationships with audit and advisory firms, ensuring alignment on accounting and audit treatments for complex transactions such as consolidation, debt restructuring, derivatives, and securitizations. The team balances innovation with accounting integrity as investment structures become more complex. As an Analyst, you will be instrumental in closing and onboarding private investments in private equity, private credit, real estate, and structured transactions. This involves engaging with complex legal and financial documents, applying judgment in interpreting terms, and working closely with investment teams, legal counsel, accounting, and external fund managers to ensure accurate deal closure. You will also contribute to the ODD program, gaining insight into how LMI assesses and partners with asset managers, including emerging managers seeking to institutionalize their operations. This role offers an opportunity to develop deep knowledge of private markets, enhance analytical skills, and build a broad network within the investment community. The work environment is hybrid, combining in-office collaboration with remote work flexibility.

Requirements

Bachelor’s degree in Accounting, Finance, Economics, or a related field
1–3 years of experience in transaction support/advisory or deal closing processes within financial services
Basic understanding of private investment structures and financial instruments; exposure to private equity, private credit, or fixed income is preferred
Strong attention to detail with the ability to manage multiple transactions simultaneously in a fast-moving environment
Demonstrated ability to interpret financial and legal documents, with a willingness to develop deeper proficiency over time
Solid Excel and data management skills
Strong organizational and communication skills; comfortable working across teams and with external counterparties
A problem-solving mindset and genuine curiosity—you ask good questions and follow them through

Nice To Haves

Familiarity with US GAAP and statutory accounting principles or NAIC frameworks preferred
Experience with or interest in the responsible use of AI tools in a financial or operational context preferred

Responsibilities

Supporting the end-to-end closing process for private investments—including private equity, private credit, real estate, and structured transactions—by coordinating documentation, funding, and system setup
Reviewing transaction documents such as LPAs, credit agreements, and deal summaries with a critical eye—going beyond term extraction to assess implications for operational and accounting setup and escalating issues that require judgment
Setting up new investments, legal entities, and securities in internal systems, ensuring accuracy of investment attributes, cash flows, and reporting fields
Partnering with investment teams, legal, accounting, operations, and external service providers to ensure smooth transaction onboarding and settlement
Supporting our ODD program for new LMI relationships—engaging directly with asset managers, including emerging managers, to assess their operational infrastructure and support the build-out of institutional-quality processes
Managing deal pipelines and closing timelines; proactively following up on outstanding items to keep transactions on schedule
Reconciling and validating transaction details post-close, including positions, cash, and key economic terms
Assisting with accounting assessments and documentation by gathering data and preparing analytical support for senior team members
Maintaining organized transaction records and supporting audit and compliance requests