Senior Analyst, Impact Investing - Liberty Mutual Investments

The Company

Liberty Mutual Investments (LMI) manages Liberty Mutual Insurance Group’s (LMIG) global financial assets across global markets and private domains to build capital and generate income. With over $100 billion in assets under management (AUM) and a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY, 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.

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:
Global Strategy & Capital Allocation, Risk Management, Global Credit Markets, Global Alternative Markets, Global Liquid Markets, 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.

The Position:

The Impact Investing mandate is focused on generating meaningful social impact in three key areas: (i) boosting social mobility, (ii) expanding access to essential services, and (iii) enhancing resiliency, revitalization, and adaptation. LMI has earmarked $1 billion in balance sheet capital to support the mandate and is seeking commercial returns in tandem with compelling social impact.

Financially, we believe we can generate exceptional returns within this strategy and will focus on private investments, including direct investments, fund investments and co-investments by identifying best-in-breed partners and leveraging the unique advantages that our mutual structure and capital base provides. Notably, we have a unique ability to:

• Invest across longer horizons and in more complicated structures and projects.
• To make both limited partnership commitments as well as invest directly into projects and companies.
• Form deep and lasting relationships with partners
• Deep internal expertise across a range of asset classes
• Nimble execution and off-market sourcing
• Hiring talented people and providing them the freedom to execute
• A highly collaborative culture

Responsibilities:

• Support comprehensive diligence and developing recommendations on co-investment opportunities. Responsibilities include analyzing companies and sectors, understanding critical value creation levers, and modeling potential outcomes.
• Support comprehensive diligence and developing recommendations on fund investment opportunities. Responsibilities include evaluating prior performance, reference checks, examining underlying portfolio investments, and modeling fund performance.
• Effectively screen new opportunities, identifying and succinctly communicating the most relevant investment highlights and key risk considerations.
• Assist with Impact evaluation and measurement. This role will perform impact diligence in parallel with financial diligence and be expected to make thoughtful recommendations on ways in which to increase and maximize the impact of investments.
• Managing and monitoring current portfolio investments and preparing portfolio progress reports.
• Assisting with overall management of the portfolio.

Qualifications:

• Strong academic record from a competitive institution
• 2-4 years of relevant work experience (Investment Banking, Private Equity, etc.)
• Analytical and critical thinking – Ability to identify and articulate key investment considerations and risks, with a special interest in impact
• Good interpersonal & team skills – Comfortable with consensus decision-making and working in a collaborative, team-based environment
• Excellent verbal and written communication in order to interact with internal and external investment professionals and executives
• Strong presentation skills – the ability to articulate an investment recommendation or industry thesis in a concise, organized manner
• Ability to manage…