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Liberty Mutual is hiring a

Senior Actuary (E&S P&C Pricing)

Job Description

Job Category: Actuarial

Minimum Salary: $134,000.00

Maximum Salary: $161,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

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.

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 make 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.

Qualifications:

  • 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.

Fair Chance Notices:

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