UW Risk Model Lead

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.

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.

• Parameterize UW Risk excluding natural catastrophe risk
• Build and maintain 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

• Bachelor’s degree in a quantitative field desired
• FCAS or equivalent actuarial designation, or advanced degree combined with relevant experience
• 7-10 years progressively responsible experience, including supervisory experience
• Strong analytical skills with solid understanding of casualty actuarial techniques, standards, and assumptions
• Strong project management skills with ability to balance multiple initiatives, adapt to changing needs, and prioritize incoming requests
• Strong communication skills with demonstrated ability to convey complex information clearly and concisely, both verbally and in writing to all levels of management
• Ability to establish and build effective relationships within and outside the organization
• Comfort with solving new problems and generating new ideas
• Ability to build complex models
• Experience with financial modeling and forecasting
• Experience with UW Risk and capital modeling software including Re Metrica
• Expert in MS Excel and Visual Basic for Applications (VBA); experience with UW risk / capital modeling software, R, and Python a plus

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.

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:

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.

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