Fixed Income Research Associate - Liberty Mutual Investments

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.

Clear ability to 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, and rating agency materials—and to generate novel analytical insights that sharpen credit recommendations and relative value views.

Cumulative written and verbal communication on investment recommendations to Portfolio Managers, Director of Research, Research Team Members, and related Investment Committees.

Collaborate with Portfolio Managers, Traders, and other investment analysts to maintain a One Team/One Portfolio approach to investment decision-making, leveraging diverse perspectives to identify and pursue investment 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 yrs experience as an analyst making successful investment recommendations.

Collaborate generously within and across teams, building strong trusting relationships and interacting productively with a broad group of colleagues and investors at all levels.

Demonstrated 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.

Have a bachelor’s degree and relevant experience in global fixed income, MBA & CFA encouraged.

About Us

Compensation offered is based off 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.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive.

We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions.

This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups.

Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work.

To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits

California

Los Angeles

Incorporated

Los Angeles Unincorporated

Philadelphia

San Francisco