Fixed Income Research Associate - Liberty Mutual Investments

Liberty Mutual Investments; Boston (MA); On-site; USD 90,000 - 130,000; Full time

Job summary

Liberty Mutual Investments is seeking an Associate for their Leveraged Finance Team in Boston, MA. This role involves providing deep analytical insights into high yield, leveraged loans, and private credit, collaborating with various stakeholders, and leveraging AI tools for research.

The ideal candidate will have 5–10 years of experience in leveraged finance and possess excellent communication skills. A Bachelor's degree is required; MBA and CFA are encouraged.

Qualifications

• 5-10 years experience as an analyst making successful investment recommendations.
• Demonstrated deep leveraged finance credit expertise.
• Proficiency with AI tools and a strong analytical edge.

Responsibilities

• Provide deep analytical information and investment recommendations.
• Engage with external parties for due diligence.
• Collaborate with teams for investment decision-making.

Skills

Analytical skills

Credit analysis

Collaboration

Effective communication

AI tool proficiency

Education

Bachelor’s degree in relevant field

MBA or CFA

Tools

AI and language model tools

Job description

Associate – Leveraged Finance Team

Join the research team within our Leveraged Finance Team at Liberty Mutual Investments, a global investment firm managing over $100B in capital.

Responsibilities

• Sector expert working independently to provide deep analytical information and high conviction investment recommendations using a combination of top‑down sector views and bottom‑up fundamental analysis across High Yield, Leveraged Loans, and Private Credit.
• Provide timely interpretation of market developments and implications for coverage universe and portfolio.
• Contribute positively to portfolio outperformance through security selection, sector positioning, and structuring.
• Engage with external parties, including borrowers, advisors, and consultants, in execution of due diligence activities.
• Calibrate and evaluate relative and absolute risk‑return trade‑offs in primary and secondary markets.
• Leverage AI and large language model tools (e.g., Claude) to accelerate research, due diligence, and portfolio surveillance workflows—synthesizing filings, transcripts, rating agency materials, and generating novel analytical insights that sharpen credit recommendations and relative value views.
• Communicate concisely in writing and verbally on investment recommendations to Portfolio Managers, Director of Research, Research Team Members, and Investment Committees.
• Collaborate with Portfolio Managers, Traders, and other analysts to maintain a One Team/One Portfolio approach to investment decision‑making, leveraging diverse perspectives to identify and pursue opportunities that align with overall portfolio objectives.

Qualifications

• Exhibit intellectual curiosity about global markets, asset classes, our organization, and industry.
• Demonstrated deep leveraged finance credit expertise, preferably across both public and private markets.
• Effective communicator with multiple stakeholders, including portfolio managers, investment committees, and senior management.
• 5–10 years experience as an analyst making successful investment recommendations.
• Collaborate generously within and across teams, building strong trusting relationships with colleagues and investors at all levels.
• Proficiency with—or strong enthusiasm to adopt—AI and large language model tools to augment fundamental credit research; comfort designing prompts, workflows, and structured skills that drive efficiency and analytical edge across the coverage universe.
• Bachelor’s degree and relevant experience in global fixed income, MBA and CFA encouraged.

Compensation and Benefits

Compensation offered is based on a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan.

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Fair Chance Notices

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco