Director, Carried Interest Plan Administrator (Investments Compensation)

The Company

Come build on our integrated platform with industry-leading talent, world-class partners, and freedom to innovate.

Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty). With deep expertise in fixed income, equity, and alternative strategies, LMI invests more than $100B of long-term capital globally, and has a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY. LMI has a clear purpose: drive economic growth, build enduring businesses side-by-side with our partners, and generate superior risk-adjusted returns that secure Liberty’s promises.

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. 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

Position Summary

The Carried Interest Plan Administrator will be responsible for the accurate execution, governance, and participant-level reporting of the firm’s carried interest program in partnership with Compensation, Talent, Finance, and Investment business leaders. This role includes plan design elements, governance, including investment eligibility, and detailed reporting to stakeholders and participants. The ideal candidate will combine hands-on carried interest plan experience with strong Excel and presentation skills, exceptional attention to detail, and a collaborative, client-service mindset.

Key Responsibilities

Governance, Eligibility and Advisory Support

• Prepare quarterly governance materials (e.g., Investment Advisory Committee (IAC) decks) covering eligible investments, vintaging decisions, and other plan governance items.
• Maintain and enhance the internal eligibility and rulings tracker (“source of truth”) to document decisions and support consistent application of plan rules.
• Partner with business leaders, Talent Business Partners, and Finance to evaluate eligibility questions and communicate outcomes clearly.
• Serve as a subject matter expert on carried interest plan design concepts and governance practices in cross-functional forums and meetings.

Plan Design & Documentation

• Partner with Compensation and key stakeholders to support plan design and documentation updates, ensuring alignment to governance decisions and business needs.
• Translate plan terms into clear, operational requirements for administration, tracking, and reporting.
• Support documentation for investment/vintage eligibility standards and decision rationales to improve clarity and consistency over time.

Systems, Data Management & Reporting

• Own the relationship and deliverables with third-party carry plan administrator/vendor (e.g., EWM) related to participant-level reporting, data validation, and plan administration support.
• Partner with Finance to source required inputs (including fund/waterfall outputs, where Finance retains ownership of the underlying calculations) and ensure participant-level reporting reflects accurate, reconciled data.
• Support ongoing evolution of the technology/data landscape, including requirements gathering, data mapping, and user testing for reporting and tracking needs.
• Maintain robust Excel-based models and trackers while identifying opportunities to streamline and improve data quality, version control, and reporting workflows.

• Bachelor’s degree in Finance, Accounting, Economics, or related field; CPA, CFA, or MBA preferred.
• 5–8+ years of experience in fund finance, asset management, private equity/real assets/credit investing, or related investment finance roles.
• Direct, hands-on carried interest plan experience (governance, plan design/documentation support, participant awards tracking, and reporting).
• Strong knowledge of fund structures, carried interest, and investment performance concepts; ability to interpret carry terms and apply them operationally.
• Advanced Excel skills and strong PowerPoint capabilities; ability to produce clear, executive-ready materials.
• Exceptional attention to detail with proven ability to manage sensitive financial and compensation data.
• Strong collaboration skills with ability to partner effectively across Finance, Compensation/HR, Talent Business Partners, and senior leadership.
• Excellent communication skills, both written and verbal, with ability to translate complex financial information into clear insights.
• Nice to have: familiarity with EWM (or similar vendor administrators), Allvue, and/or Power BI.

Competencies

• High integrity and commitment to accuracy and confidentiality.
• Strong judgment and ability to apply governance standards consistently.
• Analytical rigor with a solutions-oriented approach to ambiguity.
• Ability to balance technical detail with clear stakeholder communication.
• Comfortable working in a fast-paced, evolving asset management environment.