Credit Strategist Global Strategy & Capital Allocation (GSCA) - Liberty Mutual Investments

About the role

Liberty Mutual Investments (LMI) manages Liberty Mutual Insurance Group's global financial assets across global markets and private domains to build capital and generate income. With over $100 billion in assets under management and a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY, LMI offers the look and feel of a boutique investment firm with the reputation and financial strength of a global leader.

The Portfolio Strategy team develops forward-looking views across macro, equity, and credit markets and translates them into asset allocation, portfolio construction, and risk management decisions across short-, medium-, and long-term horizons. The team drives strategic and tactical asset allocation, cross-asset relative value views, and thematic and structural insights. It is structured around a Head of Portfolio Strategy, Equity Strategist, Macro/Economics Strategist, and Credit Strategist.

The Credit Strategist develops top-down views across credit markets, primarily in the US, and translates them into portfolio positioning and allocation recommendations. The role focuses on relative value and beta across credit asset classes—including private credit (direct lending, capital solutions, ABF), structured credit, real estate debt, and public markets (high yield, investment grade)—while ensuring alignment with broader cross-asset strategy.

Responsibilities

• Develop a framework for expected returns, risks, and betas across credit markets
• Form views on spreads, defaults, liquidity, and structural premia
• Identify relative value across segments, capital structures, and geographies
• Ensure consistency of views across mandates
• Translate views into portfolio positioning, sizing, and allocation tilts
• Help drive strategic and tactical asset allocation decisions
• Contribute to scenario analysis, stress testing
• Link credit with rates, equities, and real assets
• Incorporate inputs from macro and ensure consistency of assumptions across growth, inflation, policy, and liquidity
• Translate macro views into coherent credit implications within a unified framework
• Partner with macro and equity strategists to refine, challenge, and deepen cross-asset views
• Identify inconsistencies across asset classes and surface implications for positioning
• Maintain a continuous view of markets and internal portfolio exposures
• Surface emerging risks (liquidity, spreads, concentration) and opportunities
• Ensure alignment between top-down