Cyber and Financial Lines Actuary
Description
Looking to make an impact on a dynamic portfolio labeled a “Strategic Priority” for Liberty Mutual? The NAS Financial Lines and Cyber team is looking for a dedicated individual to lead pricing for the NAS Cyber Portfolio and support other Financial Lines products. This front-line role works directly with Underwriting, Claims, Data Science, and aligned Global partners to evaluate current portfolio profitability, determine optimal strategies for growth, and assess adequate pricing-levels. Show initiative and show up for a team that plans to almost double premium over the next five years.
We are open to fill as a Senior Actuarial Analyst (Grade 16) or an Actuary (Grade 18) depending on candidate experience.
Supporting pricing of and become a trusted advisor to US Cyber and Financial Lines profit centers for North America Specialty.
Portfolio analysis: in-depth reviews of the portfolio’s composition and profitability; participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction; clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
Rating models: support implementation of Global Cyber rating model, maintenance and enhancement of existing models and development of new models as necessary, including periodic data-driven reviews of pricing parameters
Develop a consistent set of monitoring tools to assess the profitability of the business with a goal to provide timely and actionable insights
Integration of analytical models into actuarial analyses to drive business profitability
Participation in the reinsurance placement process as necessary
Responding to ad hoc analysis requests from Underwriting, Claims, IT, and senior management
Retrieves, understands and manipulates data as it relates to assigned and related projects while maintaining clear and concise documentation of methods and activities.
If applicable, positive progress towards pursuing and passing of required actuarial exams.
Qualifications
Bachelor's degree required; Master’s degree preferred.
Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience.
Minimum 5-7 years relevant experience required.
Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
Ability to motivate and mentor peers and motivate and train subordinates.
Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
About Us
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. Fair Chance Notices
Cyber and Financial Lines Actuary
Description
Looking to make an impact on a dynamic portfolio labeled a “Strategic Priority” for Liberty Mutual? The NAS Financial Lines and Cyber team is looking for a dedicated individual to lead pricing for the NAS Cyber Portfolio and support other Financial Lines products. This front-line role works directly with Underwriting, Claims, Data Science, and aligned Global partners to evaluate current portfolio profitability, determine optimal strategies for growth, and assess adequate pricing-levels. Show initiative and show up for a team that plans to almost double premium over the next five years.
We are open to fill as a Senior Actuarial Analyst (Grade 16) or an Actuary (Grade 18) depending on candidate experience.
Supporting pricing of and become a trusted advisor to US Cyber and Financial Lines profit centers for North America Specialty.
Portfolio analysis: in-depth reviews of the portfolio’s composition and profitability; participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction; clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
Rating models: support implementation of Global Cyber rating model, maintenance and enhancement of existing models and development of new models as necessary, including periodic data-driven reviews of pricing parameters
Develop a consistent set of monitoring tools to assess the profitability of the business with a goal to provide timely and actionable insights
Integration of analytical models into actuarial analyses to drive business profitability
Participation in the reinsurance placement process as necessary
Responding to ad hoc analysis requests from Underwriting, Claims, IT, and senior management
Retrieves, understands and manipulates data as it relates to assigned and related projects while maintaining clear and concise documentation of methods and activities.
If applicable, positive progress towards pursuing and passing of required actuarial exams.
Qualifications
Bachelor's degree required; Master’s degree preferred.
Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience.
Minimum 5-7 years relevant experience required.
Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
Ability to motivate and mentor peers and motivate and train subordinates.
Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
About Us
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. Fair Chance Notices