Description
North America Actuarial & Analytics is looking for an innovative actuarial technical professional to advance Specialty Property, a unique $500M+ portfolio of US & Bermuda E&S Property. In this position, you will drive pricing evaluations including rate indications, profitability reviews, portfolio monitoring & direct segment support. As the actuarial subject matter expert, you'll provide thought leadership alongside Underwriting, Finance, Product, and other partner teams to improve pricing sophistication and process throughout the US Specialty & Bermuda portfolios. Responsibilities include building pricing models & technical premium to reflect unique characteristics of E&S business and influence models to effectively differentiate risk. This role has direct responsibility to support the E&S US Property & Bermuda Property segment teams on evaluation of strategic direction. Successful candidates will collaborate effectively across varied groups to drive actions and incorporate feedback into pricing approaches.
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Responsibilities:
- Work across functions to lead complex and creative actuarial pricing analyses for E&S.
- Solid understanding of Property coverages, usage of CAT models, and actuarial assumptions. Python or R programming required.
- Perform actuarial analyses and makes recommendations concerning valuation/reserving, pricing, research/support, business planning, finance or other business areas.
- Thought partner to Specialty leadership; fosters partnerships across the North America organization to improve profitability & support growth goals.
- Manages or participates in studies designed to improve risk selection and pricing including but not limited to rate indications, trend analysis, CAT pricing & predictive models.
- Provides consultation to senior leaders and other groups on issues such as TVAR utilization, market cycle pricing, rates, and related matters, the development and use of pricing models/tools, business planning, contingency plans, or other financial studies.
- Identifies data requirements for analysis, tool development, reporting and decision making, ensures the organization uses it effectively.
- Partner with IT and Data Science Solutions to implement pricing models and understand dislocation impacts.
- Bachelor`s degree required
- Fellowship in the Casualty Actuarial Society (FCAS) designation required. Typically 0-2 years post-fellowship
- Proficiency in one programming language, including SAS, SQL, R or Python.
- Applied actuarial skills and business acumen with 7 or more years of progressively responsible actuarial experience, including coding proficiency.
- Solid understanding of Commercial Property and coverages, usage of CAT models, and actuarial assumptions.
- Strong organizational skills and ability to adapt well to the changing needs of the organization.
- Exceptional ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing, to all levels of management.
- Strong analytical skills with solid understanding of all actuarial pricing techniques, standards, and assumptions
- Solid interpersonal and communication skills are required to establish and build effective relationships within and outside the organization.
- This position requires an experienced and knowledgeable actuarial viewpoint in a wide variety of actuarial subjects, and in company, industry, and regulatory practices
- Ability to give effective training and presentations to senior management and other groups
Pay Philosophy: The typical starting salary range for this role is determined by 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.
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers.
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://LMI.co/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.
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