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

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 (HY, IG) 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 views and actual positioning
• Provide timely recommendations to adjust exposures

• Support key structural themes impacting credit markets
• Translate themes into portfolio actions and risk frameworks
• Provide independent synthesis and challenge across the platform

• Deliver clear, decision-oriented outputs for IC and senior leadership
• Present allocation views, relative value insights, and risk assessments
• Drive debate and alignment on portfolio positioning

Qualifications:

• Investment Judgment: High-conviction views on credit markets and cycles
• Analytical Rigor: Strong quantitative and portfolio construction skillset
• Cross-Asset Thinking: Ability to link credit with macro and other asset classes
• Market Awareness: Real-time tracking of markets and exposures
• Communication & Influence: Ability to shape decisions across senior stakeholders
• Execution: Operates effectively across multiple strategies and time horizons

• 810 years in top-down credit strategy, multi-asset investing, or portfolio management
• Experience across public and private credit markets preferred
• Track record of translating views into portfolio outcomes

• Strong modeling skills
• Experience with data sources like Bloomberg, Pitch Book, etc.
• Ability to quickly learn internal systems

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