Capital Applications Actuary - Global Risk Solutions
Posted on Aug 11, 2019 by Liberty Mutual Insurance
Advance your career at Liberty Mutual Insurance - A Fortune 100 Company!
GRS Actuarial is seeking a highly motivated individual to join its Enterprise Risk Management (ERM) group. The primary responsibility for the role will be to support the business units by leading the GRS Capital Applications and leveraging outputs from the Economic Capital Model (ECM). Key deliverables will be to allocate total GRS capital down to class in support of the GRS planning process, maintain the steady-state return-on-equity (ROE) model, support the business units (BU) pricing efforts by working with BU actuaries to develop target combined ratios, and help optimize the GRS portfolio by evaluating the performance of each GRS class and presenting those results to GRS senior management. This position offers the opportunity to work cross-functionally and influence senior managements strategic decision making. The ideal candidate will have high initiative to solve problems creatively, have a strong drive to take ownership, and strong interpersonal skills to work as part of a team.
Maintain and develop steady-state return on equity (SS ROE) model
Work with regional actuaries to provide training on SS ROE model and incorporate model into pricing
Maintain and continuously improve process of allocating capital internally in support or planning
Lead efforts to identify and implement performance ranking measures with business unit leaders across GRS
Maintain and develop working mortgage insurance deal-evaluation model
Support GRS ERM efforts by providing mortgage insurance insights and determining target steady-state rate need based on the SS ROE model
Implement timely and practical solutions to complex problems
Lead or participate on cross-SBU efforts on risk modelling
Manage a team of 1 to 3
ACAS or equivalent required
Bachelors degree in Mathematics, Actuarial Science, Statistics, Finance, or Economics required.
Proficiency in MS Excel and PowerPoint
Strong analytical skills with understanding of core actuarial methods and technique
Ability to build complex models
Strong organizational skills, and ability to adapt to changing needs
Experience with financial modelling and forecasting
Strong communicator with ability to influence others
Ability to balance multiple initiatives and prioritize incoming requests
Demonstrated ability to convey complex information clearly and concisely, both verbally and in writing to all levels of management
Comfort with solving new problems and generating new ideas
We value your hard work, integrity and commitment to positive change. In return for your service, its our privilege to offer you benefits and rewards that support your life and well-being.
At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.
Were dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.