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Liberty Mutual Investments · 1 week ago

Junior Credit Portfolio Manager - Liberty Mutual Investments

Boston, MA

Full-time

Onsite

Entry, Mid Level

$170K/yr - $300K/yr

5+ years exp

Liberty Mutual Investments is an investment firm for Liberty Mutual Group, specializing in public credit strategies. The Junior Portfolio Manager will assist in portfolio management, market analysis, and trading strategies while collaborating closely with various teams to communicate investment insights.

Asset ManagementInsuranceWealth Management

Responsibilities

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 firmwide 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

Qualification

Credit investingHigh yield bondsPortfolio managementExcel proficiencyBloombergAnalytical skillsProactiveAI literacyPresentation skillsCollaborationDetail-oriented

Required

5–10+ years of experience in credit investing, trading, or strategy (sell-side or buy-side)

Strong understanding of high yield bonds, leveraged loans, CLOs, and ETFs

Familiarity with credit derivatives (CDS) and hedging strategies; practical experience a plus, but not central

Experience working on or closely with a portfolio management team strongly preferred

Excellent analytical skills; able to interpret macro, micro, and technical market drivers

Advanced proficiency in Excel, Bloomberg, and portfolio analytics tools; ability to build dashboards

Strong writing and presentation skills — able to publish market updates and communicate clearly with internal stakeholders

Commercial mindset: capable of generating actionable trade and portfolio ideas

Collaborative: works effectively with analysts, traders, risk, and the PM; able to integrate inputs across teams

Strategic + Tactical: comfortable balancing long-term views with short-term market opportunities

Proactive & Self-driven: identifies gaps and builds tools or processes without needing heavy oversight

Detail-oriented: precise in execution and portfolio monitoring, with an eye toward risk management

Street-facing: credible in developing and maintaining external relationships with dealers and counterparties

Innovative: open to applying AI and data-driven tools in portfolio and trading processes

Demonstrates strong AI literacy and uses AI-enabled tools to enhance speed, accuracy, and insight generation while maintaining sound judgment and compliance with governance standards