Senior ERM Consultant

Full-time
USA
Senior Level
Posted 8 hours ago
Apply for this position → Go ad-free with Premium ×

Description
The Global Risk Solutions (GRS) Capital & Analytics group is seeking a highly motivated individual to join its Insurance Risk Parameterization & Analytics team. This individual will contribute to a small team of modelers responsible for designing, developing, and implementing dynamic UW Risk modeling and analysis for the Global Risk Solutions organization. They will support UW Risk parameterization, modeling, and validation as well as wide-ranging uses of the models. The successful candidate will have strong analytical abilities, enjoy developing statistical models and processes, working with large data sets, and diving deep into drivers of line of business dynamics.
Global Risk Solutions is a leading provider of commercial, specialty insurance, and reinsurance products, delivering a wide array of innovative products, deep technical expertise, strong client engagement and market-leading performance worldwide. The product lines include workers’ compensation, commercial multi-peril, surety bonds, crisis management, marine, terrorism, management liability, cyber liability, and energy.
Responsibilities
Collaborate with other team members to achieve the following goals. 
  • Parameterize UW Risk excluding natural catastrophe risk
  • Build and maintain UW risk models and output exhibits
  • Develop new solutions and improvements for statistical models and processes used to calculate these inputs
  • Maintain clear and concise documentation of methods and activities
  • Implement timely and practical solutions to complex problems
  • Validate model parameterization and model function
  • Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytics tools that accurately reflect the business
  • Communicate processes and parameterization results to stakeholders outside of the team
Preferred Qualifications
  • Bachelor’s degree or higher in Mathematics, Actuarial Science, Statistics, Finance, Economics, or similar required
  • Minimum 5-7 years relevant experience required
  • Very strong analytical skills with solid understanding of core casualty actuarial methods, techniques, and standards
  • Expert in MS Excel and experience coding; Experience working with Visual Basic for Applications (VBA) and Capital modeling software, R, and Python preferred
  • Experience with stochastic financial modeling and forecasting preferred
  • Experience parameterizing reserve risk and UW risk preferred
  • Comfort with solving new problems and generating ideas for improving existing processes 
  • Experience communicating analysis and technical concepts
Qualifications
  • Competencies typically acquired through a Bachelor`s degree in a quantitative field
  • Advanced degree (MBA) and/or professional qualification in one or more areas of risk management is preferred, and 8 to 10 years of relevant experience
  • Additionally, excellent quantitative analysis and modeling skills are required, in addition to significant experience in an analytical capacity (financial analysis, product management, actuarial, underwriting, etc)
  • Working knowledge of ERM-related regulatory frameworks (Solvency II, NAIC ORSA, ComFrame) is a plus
  • Very strong understanding of the risk characteristics of insurance industry required
  • Excellent understanding of basic financial concepts and metrics, including financial statement analysis require
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.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

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://www.libertymutualgroup.com/about-lm/careers/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

Go ad-free with Premium ×
Apply for this position →
Check if your resume is a good fit
25/100
Get Full Report
+ 1,284 new jobs added today
30,000+
Remote Jobs

Don't miss out — new listings every hour

Join Premium

Senior ERM Consultant


Description
The Global Risk Solutions (GRS) Capital & Analytics group is seeking a highly motivated individual to join its Insurance Risk Parameterization & Analytics team. This individual will contribute to a small team of modelers responsible for designing, developing, and implementing dynamic UW Risk modeling and analysis for the Global Risk Solutions organization. They will support UW Risk parameterization, modeling, and validation as well as wide-ranging uses of the models. The successful candidate will have strong analytical abilities, enjoy developing statistical models and processes, working with large data sets, and diving deep into drivers of line of business dynamics.
Global Risk Solutions is a leading provider of commercial, specialty insurance, and reinsurance products, delivering a wide array of innovative products, deep technical expertise, strong client engagement and market-leading performance worldwide. The product lines include workers’ compensation, commercial multi-peril, surety bonds, crisis management, marine, terrorism, management liability, cyber liability, and energy.
Responsibilities
Collaborate with other team members to achieve the following goals. 
  • Parameterize UW Risk excluding natural catastrophe risk
  • Build and maintain UW risk models and output exhibits
  • Develop new solutions and improvements for statistical models and processes used to calculate these inputs
  • Maintain clear and concise documentation of methods and activities
  • Implement timely and practical solutions to complex problems
  • Validate model parameterization and model function
  • Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytics tools that accurately reflect the business
  • Communicate processes and parameterization results to stakeholders outside of the team
Preferred Qualifications
  • Bachelor’s degree or higher in Mathematics, Actuarial Science, Statistics, Finance, Economics, or similar required
  • Minimum 5-7 years relevant experience required
  • Very strong analytical skills with solid understanding of core casualty actuarial methods, techniques, and standards
  • Expert in MS Excel and experience coding; Experience working with Visual Basic for Applications (VBA) and Capital modeling software, R, and Python preferred
  • Experience with stochastic financial modeling and forecasting preferred
  • Experience parameterizing reserve risk and UW risk preferred
  • Comfort with solving new problems and generating ideas for improving existing processes 
  • Experience communicating analysis and technical concepts
Qualifications
  • Competencies typically acquired through a Bachelor`s degree in a quantitative field
  • Advanced degree (MBA) and/or professional qualification in one or more areas of risk management is preferred, and 8 to 10 years of relevant experience
  • Additionally, excellent quantitative analysis and modeling skills are required, in addition to significant experience in an analytical capacity (financial analysis, product management, actuarial, underwriting, etc)
  • Working knowledge of ERM-related regulatory frameworks (Solvency II, NAIC ORSA, ComFrame) is a plus
  • Very strong understanding of the risk characteristics of insurance industry required
  • Excellent understanding of basic financial concepts and metrics, including financial statement analysis require
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.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

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://www.libertymutualgroup.com/about-lm/careers/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