Product Owner III, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual Insurance•Boston, MA

4d•$128,000 - $225,000

About The Position

Liberty Mutual Investments is seeking a Product Owner III to support its Accounting Product, with responsibility for investment accounting and regulatory and financial reporting across statutory (NAIC), GAAP, and TAX frameworks. The role focuses on enhancing and maintaining accounting and reporting capabilities in the SimCorp Dimension investment accounting platform and its related data and reporting processes, including end-to-end processes and upstream data used to produce reported figures and quarterly and annual statutory investment schedules. The position reports to the Accounting Portfolio Product Owner within Financial Products and Global Investment Solutions. Working across Investment Accounting, Finance, Technology, Data, Investment Product, and platform vendors, the Product Owner translates business, accounting, and regulatory requirements into product priorities and technology solutions that support 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 against business priorities and regulatory commitments. The Product Owner is expected to anticipate regulatory and accounting changes, set and communicate timelines, align dependencies early, and work with business partners and senior leaders to strengthen data quality and controls, improve reporting processes, reduce operational risk, and deliver measurable outcomes.

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) and NAIC investment reporting, GAAP, and TAX, including basis differences.
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 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 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.
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 maintain visibility of partner-team 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 when prioritizing work and delivering high-quality solutions.
Monitor changes to regulatory, statutory accounting, and reporting frameworks, including NAIC updates, as well as SimCorp REGCOE releases and roadmap items; assess their impact on systems, data flows, and downstream processes before 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 impacts of new investment types and reporting requirements across statutory, GAAP, and TAX bases, including basis differences and their effects on reporting and downstream processes.
Use working knowledge of investment accounting, investment operations, and upstream reporting data to evaluate how changes affect reporting accuracy and timing.
Partner with LMI Investment Reporting, Operations, Investment Product, Data Product, Technology, and Financial Product teams to deliver accurate, complete, and timely reporting.
Coordinate with Liberty Mutual Group Corporate Accounting, Finance, TAX, and other group functions that use LMI accounting and reporting outputs; align 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 ahead of deadlines.
Serve as the primary 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 as 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, addressing data quality gaps at their source.
Improve processes and leverage automation, including AI-enabled capabilities, to reduce manual effort, improve reporting efficiency, and mitigate operational risk.
Balance new capability delivery 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.