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Lead Actuarial Consultant
2 months ago
Team:
LMRe Actuarial
Employment Type:
Permanent
In this role, you will report directly to the Head of Portfolio, Pricing & Analytics at LM Re, focusing on enhancing actuarial portfolio management, pricing strategies, and analytical insights to bolster business performance and achieve operational objectives.
Your expertise will be crucial in interpreting the business implications of actuarial data, guiding senior management and various stakeholders with clear and actionable actuarial insights on underwriting, financial strategies, and risk management.
Collaborating with the LMRe Actuarial Metaline teams, you will ensure that case pricing, model governance, and strategic planning are effectively delivered to Management and Underwriting stakeholders, thereby amplifying GRS A&DSS influence.
Additionally, you will play a key role in refining underwriting decision-making through comprehensive account pricing, in-depth portfolio analysis, and innovative product development.
Data & Analytics Team:
As a pivotal user of central Management Information, your responsibilities will include ensuring accurate data capture and the design of relevant underwriting metrics.
The actuarial team will assess business performance, providing management with a clear, risk-informed perspective to guide strategic decisions and risk mitigation efforts.
This department encompasses various actuarial functions, including pricing strategies, non-catastrophe parameterization, and business planning.
Collaboration with other departments will be essential for the actuarial support of data analytics, capital management, exposure management, and reinsurance strategies.
The LM Re actuarial team comprises 19 professionals located across multiple regions, contributing to a larger team of 60 within LSM.
Responsibilities:
- Own and manage LMRe's pricing model risk governance framework.
- Ensure project delivery aligns with both internal and external compliance standards.
- Lead the development and implementation of strategic initiatives that leverage data and analytics to enhance underwriting decision-making.
- Oversee the creation of advanced pricing tools, focusing on delivering next-generation pricing models on cutting-edge platforms to elevate pricing sophistication and improve data quality, functionality, user experience, and efficiency in model development and maintenance.
- Drive strategic projects across LMRe, collaborating with teams to develop and deploy analytical models that foster competitive advantages.
- Enhance LMRe's Portfolio Management approach, working alongside Underwriting Portfolio Managers, Data & Analytics, and Operations to ensure analytical tools facilitate improved decision-making.
- Promote self-service analytics by delivering insightful and timely Management Information on portfolios, lines of business, and key risks to support data-driven decisions.
- Maintain awareness of the external and competitive landscape to strengthen LM Re's market position and reputation.
- Adhere to all relevant regulatory requirements and demonstrate behaviors aligned with the Conduct Risk Policy, reflecting LSM's commitment to Liberty Values.
Qualifications:
- Relevant experience in general insurance, reinsurance, or consultancy.
- Strong actuarial skills combined with business acumen derived from technical experience.
- A numerate/scientific degree with a minimum of 1 or equivalent, alongside an A/A* in A-Level Maths or equivalent.
- Excellent interpersonal, verbal, and written communication skills, capable of engaging with a diverse range of internal and external clients.
- Proficient IT skills with practical experience in Excel, SQL, Python, R, PowerPivot, PowerBI, and DAX.
- Ability to effectively utilize relevant methods, data, and tools to solve technical challenges, convey complex concepts to varied audiences, draw meaningful conclusions, and make informed recommendations.
- A strong desire for continuous learning and professional development across various projects and workstreams.
- Experience in non-life commercial (re)insurance pricing or predictive modeling and analytics is advantageous but not mandatory.
Liberty Mutual Reinsurance is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, a leading global insurer committed to fostering a vibrant and inclusive workplace that prioritizes career development, diversity, equity, and inclusion.
We emphasize collaboration and the sharing of unique perspectives to enhance decision-making, while also promoting a supportive culture that values work-life balance and flexible working arrangements.