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Liberty Mutual Insurance

Senior Product Owner, Investments (Private Credit)

Boston, MA

Pay Philosophy
The typical starting salary range for this role is determined by 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 have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Description
The Company:

Liberty Mutual Investments (LMI) manages Liberty Mutual Insurance Group's (LMIG) global financial assets across global and private domains to build capital and generate income. With over $100 billion in AUM and staffed with 300-plus investment, finance and operations professionals located in Boston, MA, we offer the best of both worlds - the look and feel of a boutique investment firm and the reputation and financial strength of a global leader.

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LMI has been on a transformation path to spur innovation, capitalize on deep expertise and scale its returns on long-term flexible capital through a "one firm, one portfolio, one team" mindset. Our operating model is built on three pillars: centralized portfolio construction, asset management and investment-enabling services. The teams are structured as Investment Business Units (IBUs) working in concert: Strategy & Asset Allocation, Risk Management, Global Fixed Income, Global Private Investments and Global Investment Solutions. Our portfolio spans a broad spectrum of public and private asset classes, and we are committed to expanding our capabilities and our toolkit in furtherance of our mission.

Note: This role has a hybrid (Boston or NYC) work arrangement (2 days/week)

Job Summary:

Reports to the Portfolio Product Owner (PPO) of Alternatives & Private Credit within the Global Investment Solutions (GIS) function of Liberty Mutual Investments (LMI) and is responsible for Private Credit product development.

The Senior Product Owner translates business milestones, requirements into a product roadmap and owns the outcomes and value creation for both the business and technical workstreams.

Partner with dedicated Scrum team(s) ensuring successful backlog creation and implementation of capabilities and feature sets critical

for the investment lifecycle.

Responsibilities:
  • Develop influential relationships with key stakeholders (investors and line management) across Global Fixed Income (GFI) and Global Private Investments (GPI). Be the consultative partner, a trusted advisor, advocate and primary point of contact for all things Private Credit.
  • Exude mindset and demonstrated behavior of "extreme ownership" for the Private Credit ecosystem across stakeholders and product.
  • Navigate ambiguity, manage conflicting priorities, and facilitate challenging conversations.
  • Contribute to the creation of product vision, design, UX experience and alignment with strategic priorities with stakeholders. Communicate the product and portfolio vision to the core team and keep impacted teams contemporaneously informed, factoring in dependencies, etc.
  • Own and maintain the product backlog. Accountable for its contents, prioritization, acceptance criteria, and clear, actionable stories.
  • Participate in team demos, presentations, daily stand-ups, sprint planning, retrospectives, etc., and all other Agile framework ceremonies.
  • Set priorities and actively participates in team planning. Set expectations with stakeholders for delivery of new capabilities, features, and functionalities.
  • Participate in validation, testing and final approval of features prior to end user acceptance (UAT).
  • Monitor and maintain the product health, supporting long-term product viability and efficiency, and balancing long- and short-term and costs with desired outcomes.
  • Analyze feasibility, risk, trade-offs, cost of delay ramifications, economies, or other aspects of planned or potential changes to the product suite.
  • Own and manage relationships with current stable of implementation partners, third party vendor platforms.
  • Lead due diligence and evaluation of potential implementation partners, third party vendors, in alignment with the Private Credit vision and product strategy.
Preferred Skills & Experience:
  • Experience in Private Credit with a focus on Direct Lending and Fund structure strategies
  • Experience with vendor platforms (e.g., Aladdin, DealCloud, eFront, WSO, etc.)
  • Exemplary communication and negotiation skills to effectively facilitate meetings with multiple teams, business partners at all levels across the organization
  • Proven track record of delivering innovative technology solutions to business partners
  • Skill at translating business needs into technology features / stories.
  • Hands-on experience working with Jira
  • Certified Scrum Product Owner (CSPO)
Qualifications
  • Advanced knowledge of Agile development methodologies as typically acquired through a Bachelors? degree in relevant field (business, computer science, humanities etc), 7 years in business, technology, or consulting with 5 to 7 years direct experience with agile teams
  • Master's degree preferred
  • High level of proven business expertise needed to set clear priorities for product and understand business value impacts
  • Develops strong stakeholder relationships and influencing across multiple organizational boundaries
  • Demonstrated experience leading varied audiences through the development of complex ideas, issues and designs
  • Ability to lead varied audiences through census building
  • Proven experience with Agile practices and expectations
  • Comfortable with making decisions with some level of uncertainty
  • Strong communication skills, both written and verbal
  • Knowledge of insurance industry preferred
  • Knowledge of relevant products and portfolio strongly preferred
  • Strong experimental mindset to drive innovation amongst uncertainty and exploit market opportunities
About Us
At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

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.

Client-provided location(s): Boston, MA, USA; New York, NY, USA
Job ID: liberty_mutual-2024-63986-en_2
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Long-Term Disability
    • FSA
    • HSA With Employer Contribution
    • HSA
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Mental Health Benefits
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Happy Hours
    • Snacks
    • Company Outings
    • On-Site Cafeteria
  • Vacation and Time Off

    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Volunteer Time Off
  • Financial and Retirement

    • Performance Bonus
    • Pension
    • 401(K) With Company Matching
    • 401(K)
    • Financial Counseling
  • Professional Development

    • Mentor Program
    • Promote From Within
    • Learning and Development Stipend
    • Tuition Reimbursement
    • Internship Program
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Access to Online Courses
    • Lunch and Learns
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)

Company Videos

Hear directly from employees about what it is like to work at Liberty Mutual Insurance.