Underwriting Risk Model Lead
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.
Description
As a Liberty Mutual Insurance actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.
Role 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 manage 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, leadership, and project management abilities. They will be skilled at developing complex insurance risk models and experienced at identifying and solving complex capital modeling related problems. In addition, they will have a deep understanding of commercial lines insurance and reinsurance, have good business judgment, and be comfortable owning important analyses that will receive significant visibility.
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
Parameterize UW Risk excluding natural catastrophe risk
Build and maintaining UW risk models
Validate model parameterization and model function
Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytic tools that accurately reflect the business
Develop tools to evaluate and optimize the GRS reinsurance program
Provide ad hoc consultation to other teams and to leaders on UW Risk related topics
Implement timely and practical solutions to complex problems
Lead or participate in cross-Liberty efforts on UW risk modeling
Develop departmental policies & procedures
Qualifications
Bachelor's degree required; Masters degree preferred
Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred
5-10 years progressively responsible experience, including supervisory experience
Ability to foster teamwork and relationships across organizational line
Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization
Advanced decision making, problem solving and analytical skills
Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences
Ability to build complex models
Expert in MS Excel and Visual Basic for Applications (VBA); experience with UW risk / capital modeling software, R, and Python a plus
About Us
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 proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
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
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
Apply Now
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.
Description
As a Liberty Mutual Insurance actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.
Role 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 manage 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, leadership, and project management abilities. They will be skilled at developing complex insurance risk models and experienced at identifying and solving complex capital modeling related problems. In addition, they will have a deep understanding of commercial lines insurance and reinsurance, have good business judgment, and be comfortable owning important analyses that will receive significant visibility.
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
Parameterize UW Risk excluding natural catastrophe risk
Build and maintaining UW risk models
Validate model parameterization and model function
Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytic tools that accurately reflect the business
Develop tools to evaluate and optimize the GRS reinsurance program
Provide ad hoc consultation to other teams and to leaders on UW Risk related topics
Implement timely and practical solutions to complex problems
Lead or participate in cross-Liberty efforts on UW risk modeling
Develop departmental policies & procedures
Qualifications
Bachelor's degree required; Masters degree preferred
Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred
5-10 years progressively responsible experience, including supervisory experience
Ability to foster teamwork and relationships across organizational line
Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization
Advanced decision making, problem solving and analytical skills
Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences
Ability to build complex models
Expert in MS Excel and Visual Basic for Applications (VBA); experience with UW risk / capital modeling software, R, and Python a plus
About Us
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 proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
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
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
Apply Now