Junior Credit Portfolio Manager - Liberty Mutual Investments

Description

Come build on our integrated platform with industry-leading talent, world-class partners, and freedom to innovate.

Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty). 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 toward a better future.

We are seeking a highly motivated Vice President / Director to join our credit investment team as a Junior Portfolio Manager. This individual will work directly with the Portfolio Manager on oversight and execution across public credit strategies (High Yield Bonds, Broadly Syndicated Loans, ETFs, and CLOs).

The Jr. PM will play a critical role in portfolio construction, monitoring, trading strategy, and market insights, while also supporting the communication of investment views across the firm. The ideal candidate combines strong analytical and market skills with the ability to collaborate across teams of analysts, traders, and risk professionals.

Note:

While familiarity with private credit and direct lending is valued, this role will be 100% focused on public credit portfolios.

• Manage cash balances and liquidity across multiple public credit portfolios.
• Support day‑to‑day monitoring of positions, exposures, and risk metrics.
• Assist in portfolio rebalancing, hedging, and asset allocation decisions (including CLO sleeves and ETFs).
• Collaborate closely with Risk and Performance & Attribution (P&A) teams on portfolio oversight.

• Create dashboards and portfolio analysis tools (with an initial focus on loan and bond exposures).
• Track and analyze market fundamentals, technicals, and public credit spread relationships.
• Publish a monthly market update for firm‑wide distribution.
• Stay current on macroeconomic and sector‑specific themes; distill key “street” views.
• Apply an AI‑driven lens to data analysis, portfolio monitoring, and research processes.

• Partner with traders and analysts to evaluate new issue opportunities and secondary trading ideas.
• Provide tactical trading recommendations across bonds, loans, ETFs, and limited derivatives (CDS/options).
• Contribute to broader trading strategy discussions, highlighting relative value and risk/reward.
• Collaborate with the CLO PM on allocation decisions and cross‑portfolio positioning.
• Build and foster strong relationships with the street to source trade ideas and market intelligence.

• Prepare ad hoc presentations for the investment committee and senior management.
• Summarize market conditions, portfolio positioning, and performance attribution for internal stakeholders.
• Communicate regularly with Risk and P&A teams to ensure alignment and clarity.
• Help translate complex market/credit insights into concise messages for a non‑specialist audience.

• 5–10+ years of experience in credit investing, trading, or strategy (sell‑side or buy‑side).
• S…