Product Owner III, Insurance Investment Accounting

Liberty Mutual Investments is looking for a Product Owner III to strengthen an Accounting Product focused on investment accounting and regulatory and financial reporting. This role will help translate statutory (NAIC), GAAP, and TAX requirements into delivery priorities while improving data quality, controls, and reporting outcomes across the investment lifecycle.

Based in Boston, MA, this onsite position partners closely with product, technology, data, and external platform teams to ensure accounting capabilities for SimCorp Dimension are delivered with clear timelines, strong backlog coordination, and dependable operational execution.

What you’ll do

• Partner with the Accounting Portfolio Product Owner and stakeholders to plan and execute the Accounting Product roadmap across statutory/NAIC, GAAP, and TAX, aligning delivery with broader product strategy and regulatory expectations.
• Own and prioritize the Accounting Product backlog, balancing business value, regulatory deadlines, strategic enhancements, technical improvements, and production support.
• Coordinate accounting- and reporting-related changes across product backlogs and act as the point of alignment for stakeholders impacted by accounting delivery.
• Translate business, accounting, and regulatory requirements into actionable user stories with clear acceptance criteria.
• Collaborate with other Product Owners, SimCorp Dimension REGCOE, and technology and data teams to anticipate dependencies, remove impediments, and protect delivery outcomes.
• Set deliverable deadlines and handoff dates, maintaining visibility into partner-team commitments to manage sequencing and critical-path risks early.
• Lead Agile delivery activities including backlog refinement, sprint planning, demonstrations, and coordination across development, testing, business validation, and production implementation.
• Evaluate business value, feasibility, and regulatory risk to support prioritization decisions and timely delivery of high-quality solutions.
• Monitor regulatory and statutory accounting/reporting changes (for example, NAIC updates) and SimCorp REGCOE releases; assess impact on systems, data flows, and downstream processes ahead of effective dates.
• Convert upcoming changes into backlog items with owners and testing and validation plans, communicating impacts, priorities, and risks to stakeholders and senior leadership early.
• Assess how new investment types and reporting requirements affect reporting across statutory, GAAP, and TAX bases, including basis differences such as the statutory-to-GAAP “stat gap”.
• Use working knowledge of investment accounting and upstream inputs (trade capture and settlement, security master and reference data, pricing and valuation sources, custodian and counterparty data, and corporate actions) to evaluate reporting accuracy and timing.
• Drive internal coordination across LMI teams including Investment Reporting, Operations, Investment Product, Data Product, and Technology, supporting accurate, complete, and timely financial and regulatory reporting.
• Coordinate with Liberty Mutual Group (LMG) Corporate Accounting, Finance, TAX, and other group functions that depend on outputs, aligning on requirements, calendars, and priorities.
• Work with vendors including SimCorp, implementation partners, and other platform and data vendors to manage releases, defects, enhancements, and delivery commitments.
• Support engagement with regulators, auditors, and advisors as needed, ensuring reporting changes and regulatory requirements are understood and addressed ahead of deadlines.
• Serve as the primary contact for Accounting Product stakeholders, building relationships and communicating priorities, progress, and risks.
• Identify and help resolve reporting issues, data quality concerns, and cross-team dependencies, escalating risks appropriately to protect critical reporting timelines.
• Collaborate with Data Product and Investment Product teams to define data requirements, ownership, and quality standards for the data that feeds accounting and reporting.
• Strengthen data integrity, reporting accuracy, and regulatory compliance using data validation, reconciliation, and operational controls, addressing data quality gaps at the source.
• Improve processes with automation, including AI-enabled capabilities, to reduce manual effort, increase reporting efficiency, and mitigate operational risk.
• Balance delivery of new capabilities with platform stability, ongoing production support, and evolving regulatory and data governance needs.
• Define and monitor product-level KPIs for reporting timeliness, data quality, operational efficiency, and delivery outcomes.

What we’re looking for

• Bachelor’s degree in Finance, Accounting, Business, Technology, or a related field (or equivalent professional experience).
• 7+ years of experience in business, technology, financial services, or consulting, including 5+ years working with Agile teams in a Product Owner, Business Analyst, or similar role.
• Working knowledge of investment accounting and financial and regulatory reporting frameworks, including statutory accounting principles (SAP) and NAIC investment reporting, plus GAAP and TAX and basis differences between them.
• Experience managing product backlogs, translating complex business and technical requirements into actionable user stories, and delivering technology or data-driven solutions.
• Strong analytical and problem-solving skills, with the ability to evaluate business processes, data dependencies, risks, and competing priorities.
• Excellent communication and collaboration skills, including the ability to influence cross-functional teams, external partners, and senior stakeholders.
• Proven ability to plan and independently drive complex initiatives from requirements through implementation, set and meet deadlines, manage dependencies, and deliver value in a deadline-driven environment.
• AI literacy and experience using AI-enabled tools to improve speed, accuracy, and insight generation while maintaining sound judgment and governance compliance.

Tools and platforms

• SimCorp Dimension, SimCorp Dimension REGCOE
• NAIC, GAAP, TAX
• Jira, Confluence
• Blackrock Aladdin, Eagle STAR, State Street Alpha, Charles River, Princeton Financial System, Clearwater, FIS, SS&C Advent Geneva

Preferred qualifications

• Experience in insurance or asset management, including familiarity with investment instruments and accounting processes.
• Experience with SimCorp Dimension or comparable investment accounting platforms (Blackrock Aladdin, Eagle STAR, State Street Alpha, Charles River, Princeton Financial System, Clearwater, FIS, SS&C Advent Geneva).
• Data management and regulatory reporting experience, including multi-basis (statutory, GAAP, and TAX) accounting.
• Experience working with data and investment product teams on data quality, reference data, and data governance.
• Familiarity with Agile tools such as Jira and Confluence, reporting automation, and emerging technologies including AI-enabled solutions.

Compensation and location

• Location: Boston, MA (onsite)
• Salary: USD 128,000 - 225,000 per year