Senior ERM Consultant (Capital Modeling)

Job Description
Job Category
ActuarialMinimum Salary
$117,000.00Maximum Salary
$225,000.00Schedule
Full-TimeFlexible Time Off Annual Accrual - days
20Pay 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.
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. The product lines include workers’ compensation, commercial multi-peril, surety bonds, crisis management, marine, terrorism, management liability, cyber liability, and energy.

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 with the goal of better understanding the business and reflect that understanding in model parameters
• Communicate processes and parameterization results to stakeholders outside the team

Preferred Qualifications
• Expert in MS Excel and experience coding; Experience working with Visual Basic for Applications (VBA) and Capital modeling software, R, and Python preferred
• Experience with stochastic financial modeling and forecasting preferred
• Experience parameterizing reserve risk and UW risk preferred
• Comfort with solving new problems and generating ideas for improving existing processes
• Experience communicating analysis and technical concepts
Qualifications
• Competencies typically acquired through a Bachelor`s degree in a quantitative field
• Advanced degree (MBA) and/or professional qualification in one or more areas of risk management is preferred, and 8 to 10 years of relevant experience
• Additionally, excellent quantitative analysis and modeling skills are required, in addition to significant experience in an analytical capacity (e.g, financial analysis, product management, actuarial, underwriting, etc)
• Working knowledge of ERM-related regulatory frameworks (Solvency II, NAIC ORSA, ComFrame) is a plus
• Very strong understanding of the risk characteristics of insurance industry required
• Excellent understanding of basic financial concepts and metrics, including financial statement analysis required
Fair Chance Notices

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 allemployees feel a sense of community, 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 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: https://LMI.co/BenefitsLiberty 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.Fair Chance Notices
• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco

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