Credit Risk Associate Jobs in Watertown, MA (NOW HIRING)

The Position 

LMI is seeking an Associate to join the Commercial Real Estate (CRE) Credit team within the Alternative Credit group, part of LMI's Global Alternative Markets platform. 

CRE Credit invests across the real estate credit risk spectrum, including A-notes, mezzanine loans, preferred equity, and structured equity. This role offers meaningful responsibility across the full lifecycle of private credit investments, including sourcing, underwriting, execution, and ongoing portfolio management. The position provides direct exposure to senior investment leadership and the opportunity to deploy significant capital across a diverse set of real estate sectors and structures. 

Title and responsibilities will be commensurate with experience. 

 Responsibilities  

• Evaluate and execute commercial real estate credit investments across the capital stack, sectors, and transaction structures 

• Source, screen, and underwrite new investment opportunities to support the continued growth of the real estate credit portfolio 

• Lead comprehensive investment due diligence, including financial modeling, credit analysis, structuring, and downside risk assessment 

• Prepare and present investment committee materials and recommendations to senior leadership 

• Actively manage and monitor portfolio investments, including performance analysis, risk monitoring, and ongoing asset-level review 

• Drive relative value analysis across markets, structures, and opportunities to optimize portfolio-level risk-adjusted returns 

• Partner closely with Legal, Finance, Accounting, and Risk Management teams to execute transactions and manage investments post-close 

• Contribute to the enhancement of portfolio management tools, reporting, data, and analytics 

• Collaborate across LMI investment teams to share insights and support broader platform initiatives 

Qualifications  

• Bachelor's degree with strong academic credentials 

• 5+ years of relevant experience in commercial real estate credit or equity investing, asset management, or portfolio management 

• Strong underwriting and financial modeling skills with advanced proficiency in Microsoft Excel 

• Ability to synthesize complex financial, market, and operational information into clear, actionable insights 

• Excellent written and verbal communication skills, with experience presenting to senior stakeholders 

• Highly motivated, self-directed individual with strong judgment and intellectual curiosity 

• Collaborative mindset with the ability to work effectively across functions and teams 

• Strong work ethic, attention to detail, and ability to manage multiple priorities in a fast-paced environment 

Compensation offered is based off 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.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

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://www.libertymutualgroup.com/about-lm/careers/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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