Liberty Mutual

Associate, Tax-Driven Investments - Liberty Mutual Investments

Liberty Mutual • $80K — $120K *
Boston, MA 02115In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Finance, Economics, Accounting, or Engineering from a leading institution
  • 4-7 years' experience in tax equity, renewable energy project finance, or LIHTC investing with direct transaction involvement
  • Strong analytical skills in financial modeling and decision making
  • Working knowledge of ITC/PTC mechanics and familiarity with transferable tax credit transactions
  • Exposure to LIHTC structures, including underwriting and closing transactions
  • Proven transaction management skills with ability to drive deals across multiple stakeholders
  • Demonstrated comfort leveraging AI tools to improve workflows

Responsibilities

  • Lead investment diligence across TTC, RTE, and LIHTC investment phases
  • Own transaction structuring and negotiation from term sheet through close
  • Manage and oversee closed TTC, RTE, and LIHTC positions throughout lifecycle
  • Develop relationships with renewable energy developers and syndicators for ongoing deal flow
  • Align TDI workstreams with broader organizational goals and contribute innovative ideas
  • Collaborate with internal teams to enhance communication and drive performance
  • Share knowledge and contribute to team culture through feedback and mentorship

Benefits

  • Robust professional development opportunities
  • Dynamic and collaborative work environment
  • Exposure to high-growth investment strategies
  • Access to advanced analytical tools and resources
  • Potential for impactful social contribution through investment projects
Full Job Description
Description

The Position

The Global Strategy & Capital Allocation team is seeking a highly analytical and execution-oriented Associate to drive and scale LMI's $3.5bn Tax-Driven Investments (TDI) mandate across three core sub-strategies: Transferable Tax Credits (TTC), Renewable Tax Equity (RTE), and Low Income Housing Tax Credits (LIHTC). The Associate will be expected to lead transaction structuring, negotiation, and closing with meaningful independence - leveraging prior transactional experience to contribute immediately. The role sits at the intersection of project finance, energy transition policy, and institutional portfolio management, offering a distinctive platform to shape a high-growth mandate that scales across LMI's portfolio.

Responsibilities

  • Investment Diligence: Lead all phases of the investment lifecycle across TTC (ITC/PTC), RTE (Traditional TE, Hybrid/T-Flip TE), and LIHTC - including independent financial modeling, technical and tax diligence, risk assessment, and Investment Committee memo preparation.
  • Transaction Structuring & Execution: Own end-to-end structuring and negotiation of TTC, RTE, and LIHTC transactions. Coordinate with Corporate Tax, LMI Legal, Risk, and Accounting to drive transactions from term sheet through close, serving as the primary deal point of contact for counterparty counsel and internal stakeholders.
  • Portfolio Management: Own active management across all closed TTC, RTE, and LIHTC positions across their full lifecycle, serving as LMI's primary point of contact with seller counterparties, syndicators and third-party partners.
  • Counterparty Relationships & Origination: Own and deepen relationships with renewable energy developers, syndicators and developers, and other counterparties across all three sub-strategies - serving as a primary point of contact for ongoing deal flow and market intelligence. Leverage existing market relationships to contribute to pipeline origination and identify opportunities that align with LMI's tax capacity, return objectives, and social impact priorities.
  • Enterprise Collaboration & Citizenship: Operate with an owner's mindset - aligning TDI workstreams with LMI's broader organizational goals, speaking up with innovative ideas, and seeking opportunities to step up beyond role. Collaborate proactively with LMG Tax, Corporate Treasury, Transaction Services, and other LMI investment teams, tailoring communication effectively for each audience. Contribute to a high-performance team culture through candid feedback, intellectual curiosity, and a willingness to develop and share knowledge with junior team members.


Qualifications

Qualifications

  • Bachelor's Degree from a leading institution (Finance, Economics, Accounting, or Engineering preferred)
  • 4 - 7 years' experience in tax equity, renewable energy project finance, LIHTC investing, or a closely adjacent field (e.g., energy-focused investment banking, tax credit advisory, or project finance lending) -with direct, hands-on involvement in structuring and closing transactions, not solely analytical support
  • Excellent quantitative and qualitative analytical skills (including financial modeling and transaction document review), decision making ability, and communication skills, both verbal and written
  • Working knowledge of ITC and/or PTC mechanics required, including partnership flip structures, placed-in-service timelines, and recapture risk under IRC 50; familiarity with transferable tax credit transactions under IRA 6418 (transfer agreements, tax credit insurance, cost certification) strongly preferred
  • Exposure to LIHTC structures (federal 4% or 9%, or state equivalent) preferred - including partnership structure, credit delivery mechanics, syndicator relationships, extended-use obligations, and K-1 reporting; direct experience underwriting or closing LIHTC transactions is a meaningful differentiator
  • Strong transaction management skills, with the demonstrated ability to drive deals to close across multiple concurrent workstreams while coordinating internal (Corporate Tax, Legal, Treasury, Risk) and external (sponsor counsel, syndicators, marketplace platforms) stakeholders
  • Demonstrated comfort leveraging AI tools to enhance day-to-day investment workflows with a genuine interest in identifying and adopting emerging applications that improve team productivity and analytical output.
  • High comfort level working in Excel and PowerPoint; ability to produce detail-oriented, accurate and consistent work product
  • Comfortable making investment recommendations to and fielding questions from an Investment Committee
  • Self-motivated and intellectually curious, with an owner's mindset - thriving in a lean, high-conviction team environment, balancing speed and execution across competing priorities, and demonstrating genuine interest in building institutional infrastructure and expanding knowledge at the frontier of tax credit markets
  • 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


Pay Philosophy: Compensation offered is based off several 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.

About Liberty Mutual

Since 1912, Liberty Mutual Insurance have committed theirselves to providing broad, useful and competitively-priced insurance products and services to meet their customers' ever-changing needs. Their delivery on this commitment is the reason they're now the third largest property and casualty insurer in the U.S. based on 2012 direct premium written according to the National Association of Insurance Commissioners.

Liberty Mutual Careers

Join the vibrant team at Liberty Mutual, a leading global insurance company, where your career is in your hands. At Liberty Mutual, we are committed to fostering an inclusive culture that values diversity and innovation. With a variety of job opportunities across multiple fields, this is where your professional journey can truly flourish.

Work You’ll Do

At Liberty Mutual, you’ll be part of a team that’s dedicated to empowering people to live safer, more secure lives. Whether you’re interested in a position in claims handling, underwriting, or customer service, you’ll find a platform here to enhance your skills and push the boundaries of what you can achieve.

Explore Our Job Opportunities

Liberty Mutual offers a range of career paths for both seasoned professionals and those just starting out. Our internship programs provide invaluable hands-on experience, helping to bridge the gap between education and full-time employment. For those seeking to grow their career, we offer positions that challenge and inspire, backed by benefits that support both professional and personal growth.

Innovate with Us

Innovation is at the heart of Liberty Mutual. We encourage our team to bring fresh ideas that drive industry leadership and improve customer experiences. By joining our team, you’ll collaborate with talented professionals who are keen on developing solutions that lead the market.

Develop Your Career

Liberty Mutual is deeply invested in the professional development of its employees. With comprehensive diversity training and leadership programs, we prepare you to take on leadership roles within the company. Networking opportunities within the company can lead to mentorship and further career advancement.

Benefits of Joining Liberty Mutual

Working at Liberty Mutual comes with numerous benefits. From competitive salaries to health and wellness programs, we ensure our team members are well taken care of. More than just a job, a position at Liberty Mutual is a stepping stone to a fulfilling career.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Liberty Mutual. We are actively hiring and looking for individuals who are passionate, curious, and ready to drive change. Enhance your resume, prepare for your interview, and become part of a company that values your unique skills and vision.

Stay Connected

Keep up to date with the latest from Liberty Mutual Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get insights into new postings and career tips directly from our team.

Liberty Mutual: A Place to Grow, Innovate, and Lead

Discover how you can make a difference. Visit our careers page to find the position that’s right for you and join a team that’s committed to growth, leadership, and innovation. At Liberty Mutual, your career is what you make it.
Learn more about Liberty Mutual
Size
45,000 employees
Industry
Finance & Insurance
Founded
1912
* Ladders Estimates

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