Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments

Description The Company: Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty) and is responsible for powering Liberty’s strategy amid profound change in global capital markets. With deep expertise in fixed income, equity, and alternative strategies, LMI invests $120+ billion ( as of 12/31/2025 ) of capital globally, taking a long-term approach across its integrated platform and has a team of over 350 investment, finance, and operations professionals located in Boston, MA, and New York, NY.  LMI has a clear purpose: build enduring businesses side-by-side with our partners, drive economic growth, and generate superior risk-adjusted returns that power Liberty’s strategy and secure its promises. We offer the best of both worlds — the look and feel of a boutique investment firm with the reputation and financial strength of a global leader. As the investment firm of a mutual with long-term capital, LMI has a single client mandate. This gives us the freedom to focus on what we do best.  Our portfolio spans a broad spectrum of public and private investments, and we are committed to expanding our capabilities and our toolkit in support of our mission. We invest across diverse asset classes, financial structures, and industries, including real estate, digital infrastructure, healthcare, renewable energy, and technology—with the aim of creating value and powering innovation. We pride ourselves on our extensive network of mutually beneficial partnerships, and we use our substantial influence, capital, and energy to drive towards a better future. #LMI #LI-LMI  The Position: Liberty Mutual Investments (LMI) is seeking a  Product Owner II to support its Accounting Product, with responsibility for investment accounting and regulatory and financial reporting capabilities across multiple reporting frameworks, including statutory (National Association of Insurance Commissioners, NAIC), GAAP, and TAX. The role will focus on enhancing and maintaining accounting and reporting capabilities within LMI's investment accounting platform, SimCorp Dimension, and its related data and reporting processes, with an emphasis on the end-to-end processes and upstream data that produce reported figures, including quarterly and annual statutory investment schedules. This position reports to the Accounting Portfolio Product Owner within Financial Products and Global Investment Solutions (GIS). Operating at the intersection of Investment Accounting, Finance, Technology, Data, Investment Product, and the platform vendor, the Product Owner will translate business, accounting, and regulatory requirements into actionable product priorities and drive the delivery of technology solutions that enable accurate, timely, and reliable financial and regulatory reporting. The role will own the Accounting Product backlog and proactively partner with Agile delivery teams, other Product Owners, and SimCorp Dimension's Regulatory Center of Excellence (REGCOE) to deliver solutions aligned with business priorities and regulatory commitments. This role requires strong business acumen, technical fluency, sound judgment, and a proactive approach: anticipating regulatory and accounting changes, setting and communicating timelines, and aligning dependencies early. The Product Owner will collaborate with business partners and senior leadership to strengthen data quality and controls, improve reporting processes, reduce operational risk, and deliver measurable business outcomes. The Responsibilities: Product Strategy, Prioritization & Delivery Partner with the Accounting Portfolio Product Owner and stakeholders to shape and execute the Accounting Product roadmap across reporting frameworks (statutory/NAIC, GAAP, and TAX), ensuring alignment with broader product strategy and regulatory requirements. Own and prioritize the Accounting Product backlog, balancing business value, regulatory deadlines, strategic enhancements, technical improvements, and production support, and serve as the point of coordination for all accounting- and reporting-related changes across product backlogs. Translate business, accounting, and regulatory requirements into actionable user stories with clear acceptance criteria. Proactively collaborate with other Product Owners, SimCorp Dimension's REGCOE, and technology and data teams to anticipate dependencies, remove impediments before they affect delivery, and drive outcomes. Set clear deadlines and handoff dates for each deliverable and maintain visibility of partner teams' commitments and deadlines so that dependencies, sequencing, and critical-path risks are managed in advance. Lead Agile delivery activities, including backlog refinement, sprint planning, demonstrations, and coordination of development, testing, business validation, and production implementation. Evaluate business value, feasibility, and regulatory risk to make informed prioritization decisions and ensure timely delivery of high-quality solutions. Regulatory & Accounting Change Management Proactively monitor regulatory, statutory accounting, and reporting framework changes (e.g., NAIC updates), as well as SimCorp REGCOE releases and roadmap items, and assess their impact on systems, data flows, and downstream processes ahead of effective dates. Translate upcoming changes into backlog items with defined timelines, owners, and testing and validation plans, and communicate impacts, priorities, and risks to stakeholders and senior leadership early. Assess the impact of new investment types and reporting requirements across statutory, GAAP, and TAX bases, including basis differences (such as the statutory-to-GAAP "stat gap") and their effect on reporting content and downstream processes. Apply working knowledge of investment accounting, investment operations, and the upstream data that feeds reporting (trade capture and settlement, security master and reference data, pricing and v