Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual•Boston, MA

About The Position

Liberty Mutual Investments (LMI) is seeking a Product Owner II to support its Accounting Product, with responsibility for investment accounting and regulatory and financial reporting capabilities across statutory (NAIC), GAAP, and TAX reporting frameworks. The role enhances and maintains accounting and reporting capabilities within LMI’s investment accounting platform, SimCorp Dimension, and related data and reporting processes. It emphasizes end-to-end processes and upstream data that produce reported figures, including quarterly and annual statutory investment schedules. Reporting to the Accounting Portfolio Product Owner within Financial Products and Global Investment Solutions (GIS), the Product Owner works across Investment Accounting, Finance, Technology, Data, Investment Product, and the platform vendor. The role translates business, accounting, and regulatory requirements into product priorities and drives technology solutions that support accurate, timely, and reliable financial and regulatory reporting. It owns the Accounting Product backlog and partners with Agile delivery teams, other Product Owners, and SimCorp Dimension’s Regulatory Center of Excellence (REGCOE). The Product Owner anticipates regulatory and accounting changes, sets and communicates timelines, and aligns dependencies early. In collaboration with business partners and senior leadership, the role strengthens data quality and controls, improves reporting processes, reduces operational risk, and delivers measurable business outcomes.

Requirements

Bachelor’s degree in Finance, Accounting, Business, Technology, or a related field, or equivalent professional experience.
At least 5 years of experience in business, technology, financial services, or consulting, including at least 3 years working with Agile teams in a Product Owner, Business Analyst, or similar role.
Working knowledge of investment accounting and financial and regulatory reporting frameworks, including statutory accounting principles (SAP) and NAIC investment reporting, GAAP, and TAX, including basis differences between them.
Demonstrated experience managing product backlogs, translating complex business and technical requirements into actionable user stories, and delivering technology- or data-driven solutions.
Strong analytical, problem-solving, and decision-making skills, including the ability to evaluate business processes, data dependencies, risks, and competing priorities.
Excellent communication and collaboration skills, with demonstrated ability to influence cross-functional teams, external partners, and senior stakeholders.
Ability to proactively plan and independently drive complex initiatives from requirements through implementation, set and meet deadlines, manage dependencies, and deliver business value in a deadline-driven environment.
Strong AI literacy and ability to use AI-enabled tools to enhance speed, accuracy, and insight generation while exercising sound judgment and following governance standards.

Nice To Haves

Experience in insurance or asset management, with familiarity with investment instruments and accounting processes.
Experience with SimCorp Dimension or comparable investment accounting platforms, such as BlackRock Aladdin, Eagle STAR, State Street Alpha, Charles River, Princeton Financial System, Clearwater, FIS, or SS&C Advent Geneva.
Experience with data management and regulatory reporting capabilities and multi-basis statutory, GAAP, and TAX accounting.
Experience working with data and investment product teams on data quality, reference data, and data governance.
Familiarity with Agile tools such as Jira and Confluence, reporting automation, and emerging technologies, including AI-enabled solutions.

Responsibilities

Partner with the Accounting Portfolio Product Owner and stakeholders to shape and execute the Accounting Product roadmap across statutory/NAIC, GAAP, and TAX reporting frameworks.
Own and prioritize the Accounting Product backlog, balancing business value, regulatory deadlines, strategic enhancements, technical improvements, and production support; coordinate accounting- and reporting-related changes across product backlogs.
Translate business, accounting, and regulatory requirements into actionable user stories with clear acceptance criteria.
Collaborate with other Product Owners, SimCorp Dimension’s REGCOE, and technology and data teams to anticipate dependencies, remove impediments, and drive outcomes.
Set deadlines and handoff dates for deliverables and track partner commitments, dependencies, sequencing, and critical-path risks.
Lead Agile delivery activities, including backlog refinement, sprint planning, demonstrations, and coordination of development, testing, business validation, and production implementation.
Evaluate business value, feasibility, and regulatory risk to prioritize work and deliver high-quality solutions on time.
Monitor regulatory, statutory accounting, and reporting framework changes, including NAIC updates, and SimCorp REGCOE releases and roadmap items; assess impacts on systems, data flows, and downstream processes ahead of effective dates.
Convert upcoming changes into backlog items with timelines, owners, and testing and validation plans, and communicate impacts, priorities, and risks to stakeholders and senior leadership.
Assess how new investment types and reporting requirements affect statutory, GAAP, and TAX reporting, including basis differences such as the statutory-to-GAAP stat gap and their downstream effects.
Apply working knowledge of investment accounting, investment operations, and upstream reporting data to evaluate impacts on reporting accuracy and timing.
Partner with LMI Investment Reporting, Operations, Investment Product, Data Product, Technology, and other Financial Product teams to deliver accurate, complete, and timely reporting.
Coordinate with Liberty Mutual Group Corporate Accounting, Finance, TAX, and other group functions that depend on LMI’s accounting and reporting outputs, aligning requirements, calendars, and priorities.
Work with SimCorp, implementation partners, and other platform and data vendors on releases, defects, enhancements, and delivery commitments.
Support engagement with regulators, auditors, and advisors as needed, ensuring reporting changes and regulatory requirements are understood and addressed before deadlines.
Serve as the primary point of contact for Accounting Product stakeholders; build relationships, facilitate decisions, and communicate priorities, progress, and risks.
Identify and resolve reporting issues, data quality concerns, and cross-team dependencies, escalating risks when appropriate to protect reporting timelines.
Work with Data Product, Investment Product, Accounting, Finance, and Technology stakeholders to define data requirements, ownership, and quality standards for accounting and reporting data.
Strengthen data integrity, reporting accuracy, and regulatory compliance through data validation, reconciliation, and operational controls, addressing data quality gaps at the source.
Drive process improvements and use automation, including AI-enabled capabilities, to reduce manual effort, improve reporting efficiency, and mitigate operational risk.
Balance delivery of new capabilities with platform stability, production support, and evolving regulatory and data governance requirements.
Define and monitor product-level KPIs for reporting timeliness, data quality, operational efficiency, and delivery outcomes.