Senior Counsel and Director, Tax Credits

Liberty Mutual•Boston, MA

49d

About The Position

Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual. With deep expertise in fixed income, equity, and alternative strategies, LMI invests more than $100B of long-term capital globally, and has a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY. LMI has a clear purpose: drive economic growth, build enduring businesses side-by-side with our partners, and generate superior risk-adjusted returns that secure Liberty's promises. LMI offers the best of both worlds - the look and feel of a boutique investment firm with the reputation and financial strength of a global leader. As the investment firm of a mutual with long-term capital, LMI has a single client mandate. This gives us the freedom to focus on what we do best. Our portfolio spans a broad spectrum of public and private investments, and we are committed to expanding our capabilities and our toolkit in support of our mission. We invest across diverse asset classes, financial structures, and industries, including real estate, digital infrastructure, healthcare, renewable energy, and technology-with the aim of creating value and powering innovation. We pride ourselves on our extensive network of mutually beneficial partnerships, and we use our substantial influence, capital, and energy to drive towards a better future. The Senior Counsel and Director, Tax Credits is a newly created role and the firm's lead transactional attorney on tax credit transactions. Supporting key tax credit initiatives led by the Head of Impact and Sustainable Investments, the Senior Counsel, Tax Credit is responsible for structuring, negotiating, and executing federal (tax equity transactions) and state tax credit investments (including LIHTC and certificated credits) and ensuring best-in-class legal and commercial outcomes. This counsel will engage closely with internal teams and external counterparties to ensure the firm's tax credit transactions support financial objectives. Success in this position will be driven by a collaborative, solutions-oriented mindset, a commitment to legal excellence, and the ability to build constructive relationships with both internal and external stakeholders. The Senior Counsel, Tax Credits will play a critical role in advancing Liberty Mutual Investments' strategy to drive economic growth, foster enduring business partnerships, and scale innovative solutions that deliver both risk-adjusted returns and measurable social value.

Requirements

Legal Excellence: Significant relevant experience at leading law firm and/or corporate environments; JD and admission in good standing to a US jurisdiction.
Federal Tax Credit Transactions: A transactional attorney who can negotiate the structuring and purchase of federal tax credits, including through direct purchases and partnership structures; experience with negotiation of insurance policies covering such tax credits.
Stakeholder Management: Demonstrated ability to navigate complexity and drive consensus as well as build and nurture relationships with internal and external stakeholders including but not limited to regulators and business partners.
State Tax Credit Transactions: Ability to manage state tax credit transactions, including LIHTC and certificated state credits.
Action Orientation: Self-starter with a bias for action and implementation; motivated and energized by the opportunity to impact and actively contribute to company objectives. Assertive, takes ownership in overcoming setbacks, driven by sustainable energy, passion for excellence and optimism.
Business Partnership: Ability to contribute as a collaborative senior lawyer and business partner who understands balancing risk with organizational growth and realization of commercial goals. Excellent judgment; ability to proactively and pragmatically move with the pace of the business.
Presence & Interpersonal Style: Excellent interpersonal skills with the ability to build strong relationships. Ability to represent the company with high credibility. Ability to inspire performance and commitment. Personal dynamism.

Responsibilities

Lead, structure, and negotiate the purchase of federal tax credits, including direct purchases and complex partnership structures (e.g., T-Flips, T-holds).
Advise on, structure, and execute insurance policy negotiations covering federal tax credit investments ensuring adequate risk mitigation and transaction security.
Oversee all phases of state tax credit transactions, including Low Income Housing Tax Credits (LIHTC) and certificated state credits from due diligence through closing and post-closing compliance.
Build and maintain effective working relationships with internal partners (tax, legal, risk, investments, senior management) and external constituencies (outside counsel and other transaction partners).
Monitor developments in relevant legal and regulatory frameworks; ensure transactions and structures comply with legal requirements.
Facilitate consensus-building among diverse stakeholder groups and lead negotiations through complex and ambiguous matters, ensuring efficient and pragmatic resolution of interparty issues.
Identify and help realize co-investment and partnership opportunities that advance LMI's commitment to economic growth, social impact, and superior risk-adjusted returns.

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