Analyst – Strategy, Capital & Engagement
Liberty Mutual Insurance
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Associate, Direct Lending
Liberty Mutual Insurance
full-time
Posted on:
Origin: • 🇺🇸 United States • Massachusetts
Visit company websiteSalary
💰 $120,000 - $167,500 per year
Job Level
JuniorMid-Level
Tech Stack
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About the role
- Contribute as an integral member of the team to invest in private debt financings across the capital structure, with an emphasis on unitranche, first lien, and second lien loans.
- Assist in quarterbacking the investment process from start to finish, working closely with Team Leaders and Credit Research to conduct company and industry research, develop investment recommendations, and to manage loan positions post-closing of the initial investment
- Contribute to the preparation of the investment committee memorandums (complete with financial projections) and support Team Leaders in the presentation of the team’s investment recommendations to internal investment committees
- Support Team Leaders in the evaluation, structuring, and negotiation of economic and legal terms at both the term sheet stage and during final documentation
- Actively monitor the performance of existing investments and maintain relationships post-close with key investment participants, including the Borrower / Sponsor and Agent; provide detailed updates to team members during scheduled portfolio reviews and as needed on an ad-hoc basis
- Collaborate cross-functionally with additional LMI teams including Legal, Finance, Accounting and Risk Management to execute transactions and manage the portfolio
- Engage externally with other market participants (e.g. other direct lenders and buyside investors, bankers, advisers, and third-party consultants) as part of the overall investment process
- Support relationship coverage with private equity firms across the lower, middle, and large market, as well as other deal sources to help meet the team’s origination targets
- Take an active role in the training, development, and coaching of Analysts within the team
Requirements
- + years of investing experience, including a minimum of 3+ years in the direct lending / private credit space
- Previous experience in underwriting and monitoring credit investments
- Proven ability to interact with, assess, and build relationships internally as well as externally, with Borrowers, Sponsors and other deal sources
- Previous experience with credit agreement documentation and or other relevant legal documentation
- Ability to identify company, industry, and market risks and opportunities, and to evaluate risk mitigation strategies
- Excellent communication skills (written and verbal) with an ability to clearly articulate relevant key learnings and insights derived during the due diligence process
- Self-starter with a willingness to be flexible and take on additional responsibilities depending on the needs of the business
- Strong academic credentials and a demonstrated track record of successful work experience
- Proven ability to work collaboratively in team environments