Associate, Investments Vendor Manager - Liberty Mutual Investments - Military Veterans

Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

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

This role is part of the LMI Vendor Management team, and it includes ownership of the pipeline of investment vendor work and is the main point of contact for stakeholders seeking to source and establish new relationships and manage existing relationships with investment vendors/suppliers. A successful candidate will have a good understanding of the investment and information services industry and how these services are used in the asset management industry. 

Responsibilities

• Collaborating with investment business and product owners and other stakeholders to understand Investment needs and deliver appropriate solutions through negotiating and executing contracts.
• Developing sourcing strategies in partnership with Liberty Mutual’s Enterprise Procurement organization
• Identifying cost-saving opportunities and facilitating robust contract negotiations to achieve favorable terms and conditions, while ensuring data/service usage and pricing is accurately recorded.
• Maintaining an audit trail for all contracts and commercial agreements, ensuring all commercial terms are accurately recorded in procurement systems.
• As required, assist the LMI Treasury team with escalation of invoicing issues.
• Managing relationships with Investment suppliers and providers, ensuring service quality and adherence to contractual obligations.
• Conducting regular vendor service reviews including use of a clear vendor scorecard methodology.
• Actively supervising actual system usage to ensure value is acquired and to feed into renewal discussions and regular service reviews.
• Ensuring that the acquisition and use of Investment products and services complies with all relevant regulatory requirements.
• Staying abreast of regulatory changes affecting the investment landscape and implement necessary changes to maintain compliance.
• Working closely with the Compliance and Legal teams to address any regulatory concerns and support audits related to investment suppliers and services.
• Assists Financial Planning and Analysis with budget analysis inquiries

• Bachelor’s degree in business or finance and 5+ years of investment and/or vendor experience
• Strong communication skills with the ability to influence effectively
• Comfortable working with external vendors as well as cross-functionally to drive business results   
• Self-driven, superior organizational skills, integrity, and great follow through on tasks. Does not get overwhelmed easily 
• Excels in ambiguous situations and sees uncertainty as fun 
• Approach strategic analysis with an unbiased mindset, can empathize with stakeholders and make thoughtful, data-driven recommendations
• Knowledge of legal and commercial aspects of vendor licenses.
• Understanding of financial instruments and international exchanges
• Interested in new technology and proficient in the use of MS Word, Excel, PowerPoint, Access, Project

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.  

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.  

We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.  

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits 
 
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 

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• Los Angeles Incorporated
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