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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 provides Liberty Specialty 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.
* Pricing and Analytics Team: supporting delivery on key strategic priorities, including delivering new pricing models and developing new predictive models.
* Reserving Team: coordinates the reserving process and regulatory reporting requirements related to GAAP and SII Technical Provisions.
* Actuarial Modelling Team: Maintains and develops the Internal Model for capital assessment and solvency reporting requirements.
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.
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.
Skills and Experience:
* Nearly/Newly qualified Actuary.
* Experience of working in a non-life pricing team, ideally within the London Market.
* 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.
* Analytical problem solver with outstanding verbal and written skills.
* Commercially minded, with gravitas to influence and negotiate.
* Proven track record of delegation and people development skills.
* 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.
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.
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...
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