Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual Insurance•Boston, MA

2d•$114,000 - $197,000

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 frameworks. The role enhances and maintains accounting and reporting capabilities within LMI’s SimCorp Dimension investment accounting platform and related data and reporting processes, with emphasis on end-to-end processes and upstream data that produce reported figures, including quarterly and annual statutory investment schedules. The position reports to the Accounting Portfolio Product Owner within Financial Products and Global Investment Solutions (GIS). Working across Investment Accounting, Finance, Technology, Data, Investment Product, and the platform vendor, the Product Owner translates business, accounting, and regulatory requirements into product priorities and drives technology solutions for accurate, timely, and reliable reporting. The role owns the Accounting Product backlog and partners with Agile delivery teams, other Product Owners, and SimCorp Dimension’s Regulatory Center of Excellence (REGCOE) to deliver solutions aligned with business priorities and regulatory commitments. The position calls for business acumen, technical fluency, sound judgment, and proactive planning. The Product Owner anticipates regulatory and accounting changes, communicates timelines, aligns dependencies, and works with business partners and senior leadership to improve data quality and controls, reporting processes, and operational risk while delivering 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), NAIC investment reporting, GAAP, and TAX, including basis differences.
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 assess processes, data dependencies, risks, and competing priorities.
Excellent communication and collaboration skills, with the 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 improve speed, accuracy, and insight generation while maintaining sound judgment and complying with 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, 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, track partner-team commitments, and manage 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 make prioritization decisions and support timely delivery of high-quality solutions.
Monitor regulatory, statutory accounting, and reporting framework changes, including NAIC updates, and SimCorp REGCOE releases and roadmap items; assess their impact 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 the impact of new investment types and reporting requirements across statutory, GAAP, and TAX bases, including basis differences and their effect on reporting and downstream processes.
Apply working knowledge of investment accounting, investment operations, and upstream data—including trade capture and settlement, security master and reference data, pricing and valuation sources, custodian and counterparty data, and corporate actions—to evaluate effects on reporting accuracy and timing.
Partner with LMI teams, LMG Corporate Accounting, Finance and TAX, vendors, regulators, auditors, and advisors as needed to align requirements, calendars, priorities, releases, defects, enhancements, and regulatory reporting changes.
Serve as the primary point of contact for Accounting Product stakeholders, facilitating decisions and communicating priorities, progress, and risks to stakeholders and senior leadership.
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 data feeding accounting and reporting.
Strengthen data integrity, reporting accuracy, and regulatory compliance through data validation, reconciliation, and operational controls; identify and address 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.