Product Owner III, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual•Boston, MA

About The Position

Liberty Mutual Investments (LMI) is seeking a Product Owner III 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 focuses on enhancing and maintaining accounting and reporting capabilities in LMI’s SimCorp Dimension investment accounting platform and related data and reporting processes, including the end-to-end processes and upstream data that produce reported figures and 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 platform vendors. The role translates business, accounting, and regulatory requirements into product priorities and technology solutions that enable 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, communicates timelines, aligns dependencies, and works with business partners and senior leadership to strengthen data quality and controls, improve reporting processes, reduce operational risk, and deliver measurable outcomes. The role also monitors product-level KPIs and balances new capabilities with platform stability, production support, and changing regulatory and data governance requirements.

Requirements

Bachelor’s degree in Finance, Accounting, Business, Technology, or a related field, or equivalent professional experience.
At least 7 years of experience in business, technology, financial services, or consulting, including at least 5 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 among 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 assess business 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 the ability to use AI-enabled tools to enhance speed, accuracy, and insight generation while exercising 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 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.
Work 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 impacts on systems, data flows, and downstream processes ahead of effective dates.
Turn 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 statutory-to-GAAP basis differences and downstream reporting effects.
Apply knowledge of investment accounting, investment operations, and upstream reporting 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 Investment Reporting, Operations, Investment Product, Data Product, Technology, and other Financial Product teams to deliver accurate, complete, and timely financial and regulatory reporting.
Coordinate with Liberty Mutual Group Corporate Accounting, Finance, TAX, and other group functions on requirements, calendars, and priorities for accounting and reporting outputs.
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 ahead of deadlines.
Serve as the primary contact for Accounting Product stakeholders; build relationships, facilitate decisions, and communicate priorities, progress, and risks to stakeholders and senior leadership.
Identify and resolve reporting issues, data quality concerns, and cross-team dependencies, escalating risks as appropriate to protect critical 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 their source.
Drive process improvements and leverage automation, including AI-enabled capabilities, to reduce manual effort, improve reporting efficiency, and mitigate operational risk.
Define and monitor product-level KPIs for reporting timeliness, data quality, operational efficiency, and delivery outcomes.