Senior Actuarial Analyst / Actuary

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Role Title: Senior Actuarial Analyst / Actuary ( Commercial Casualty and Property, Specialty

Energy and Construction team)

Department: Actuarial

Team: London Market & Global Products

Location: Hybrid Working Model with Office in London

Type: Permanent

About the Department & Team:

• The Actuarial Function evaluates business performance and provide Liberty Speciality Markets' management with a clear, risk-based view for making decisions on business strategy and risk mitigation. The department covers all aspects of actuarial work including pricing, reserving, business planning, and capital, and supporting exposure management and reinsurance purchasing. The team operates on a global basis with a team of around ninety actuaries, of which around sixty are based in the UK. The Actuarial Function currently comprises the following core teams:
• Pillar Teams: business partners to Underwriting and aligned business functions, responsible for class-level pricing, business planning and capital premium risk parameterisation. Multi-functional teams and roles managing, strongly supported with a core centralised data, analytics, modelling, reporting and risk governance infrastructure provided by the other Actuarial teams outlined below
• Pricing and Analytics Team: a broad and varied remit supporting delivery on key strategic priorities, including delivering new pricing models on leading-edge platforms as part of the wider underwriting transformation. Developing new predictive models and delivering consistent and scalable Actuarial pricing and portfolio analytics MI (Management Information) and standards across LSM, working closely with Pillar Actuaries and Underwriting.
• Reserving Team: coordinates the reserving process and regulatory reporting requirements related to GAAP and SII Technical Provisions. Supporting across all LSM Underwriting Pillars and Legal Entities, the team own and ensure timely production of core reserving data, software, reporting infrastructure and peer review supporting bi-annual reserve reviews and quarterly reserve roll-forwards.
• Actuarial Modelling Team: Maintains and develops the Internal Model for capital assessment and solvency reporting requirements of LSM's regulated Legal Entities. Working closely with the Actuarial teams above and other LSM Enterprise Risk Management and Finance business functions in parameterisation, validation and modelling infrastructure; supporting risk and return on equity-based decision making across the business.

Our priorities for 2024 will be:

• Supporting Actuarial's position in a new operating model as a 'supply function' within Liberty Mutual Global Risk Solutions (GRS).
• Continuing our implementation of a best-in-class pricing platform for our insurance lines across our global portfolio and delivering analytics that drive enhanced underwriting risk and strategic portfolio management.
• Further building on our strong partnerships with Underwriting and aligned business units, being exceptional trusted advisors in our consistent use and communication of data and analytics capability across our business

Role Specifics:

This role is part of the Commercial Casualty and Property, Specialty Energy and Construction team, though there will also be opportunity to be involved in other classes giving a great opportunity to develop a breadth of knowledge across classes. The role will work in close collaboration with the Underwriting, Data Science Solutions and the Pricing & Analytics team.

The candidate will provide support to the team and related business stakeholders with clear ownership responsibilities in the following main functional aspects of Actuarial work.

Reporting Lines:

• The role reports to the Senior Actuary, supporting these lines of business.
• The role has a focus on establishing a best practice framework to pricing and raters across all classes within LII UK & MENA

Key Responsibilities:

• Development of new and existing underwriter rating tools, technical pricing analytics and platforms.
• Ensuring feedback loops between the business planning process, reserving and pricing
• Compliance and reporting against internal and Regulatory Best Practice pricing and underwriting risk management standards.
• Provide the highest quality professional service and actuarial support to the business in all aspects of the above responsibilities.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

• Nearly/Newly qualified Actuary
• Experience of working in a non-life pricing team, ideally within the London Market. Relevant experience from consulting, commercial or personal lines also welcome
• Requires educational attainments: 2.1 or better in a numerate/scientific degree and an A / A* in A-Level Maths or equivalent.
• Strong IT skills - advanced knowledge of MS Excel and the standard MS Office suite is essential. Other experience of working with other big data manipulation and visualisation software such as SQL and Power BI or similar would also be an advantage (although not a starting pre-requisite) for the role, as would analytics coding experience in packages such as R, Python or similar.
• Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise and appreciation of actuarial techniques.
• Commercially minded, with gravitas to influence and negotiate on well-considered risk-based decision making.
• Proven track record of delegation and people development skills. Ability to work both independently or as part of a wider project team. Flexibility and self-discipline to manage time and competing priorities.
• A growth mindset - highly focused, motivated and committed to ongoing personal learning and development.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusio...