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Liberty Mutual is hiring a

Capital Modeling Analyst

Job Category: Actuarial

Minimum Salary: $117,000.00

Maximum Salary: $225,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

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 reflects the competitive labor market value for all employees in these positions across the national market.

Description:

The Global Risk Solutions (GRS) Capital & ERM group is seeking a highly motivated individual to join its Capital Modeling group. This individual will join a small team of capital modelers responsible for designing, developing, and implementing dynamic financial analysis solutions for the Global Risk Solutions organization.

The team is responsible for parameterizing the GRS Capital Model and legal entity models, including coordinating with Finance, Pricing, and Reserving, fitting distributions, developing risk dependencies, and supporting capital allocation.

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.

Responsibilities:

  • Collaborate with other team members to achieve the following goals:
  • Regularly update capital model parameters and assumptions for multiple models.
  • Develop new solutions and improvements for statistical models and processes used to calculate these inputs.
  • Implement timely and practical solutions to complex problems.
  • Lead collaborative projects with Finance, Reserving, Pricing, and Underwriting to better understand the business and reflect that understanding in model parameters.
  • Communicate processes and parameterization results to stakeholders outside 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 with Visual Basic for Applications (VBA), Capital modeling software, R, and Python preferred.
  • Experience with stochastic financial modeling and forecasting preferred.
  • Experience parameterizing reserve risk and underwriting risk preferred.
  • Comfort with solving new problems and generating ideas for improving existing processes.
  • Experience communicating analysis and technical concepts.

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, and sales.
  • Advanced communication and interpersonal skills with the ability to build relationships and interact effectively with others within and outside the organization.
  • Ability to motivate and mentor peers and train subordinates.
  • Advanced computing skills (MS Office Excel, SAS, etc.) with the ability to build complex models.

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 and 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 making things better, and we put people first by offering benefits that support your life and well-being.

Fair Chance Notices:

  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco
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