Fixed Income Research Associate - Liberty Mutual Investments

Liberty Mutual Insurance•Boston, MA

2d•$120,000 - $215,000•Onsite

About The Position

LMI is seeking a talented seasoned Associate to join the Research team within our Leveraged Finance Team. The role involves being a sector expert, providing 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. The associate will provide timely interpretation of market developments and their implications for the coverage universe and portfolio, and contribute positively to portfolio outperformance through security selection, sector positioning, and structuring. Responsibilities also include engaging with external parties for due diligence, evaluating risk-return trade-offs, leveraging AI and large language models for research acceleration, and communicating investment recommendations concisely to various stakeholders. Collaboration with Portfolio Managers, Traders, and other investment analysts is key to maintaining a One Team/One Portfolio approach.

Requirements

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

Nice To Haves

MBA & CFA encouraged

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.