Senior ERM Consultant

Liberty Mutual Insurance•,

6d•$120,000 - $225,000

About The Position

The Global Risk Solutions (GRS) Capital & Analytics group is seeking a highly motivated individual to join its Insurance Risk Parameterization & Analytics team. This individual will contribute to a small team of modelers responsible for designing, developing, and implementing dynamic UW Risk modeling and analysis for the Global Risk Solutions organization. They will support UW Risk parameterization, modeling, and validation as well as wide-ranging uses of the models. 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.

Requirements

Bachelor’s degree or higher in Mathematics, Actuarial Science, Statistics, Finance, Economics, or similar required
Minimum 5-7 years relevant experience required
Very strong analytical skills with solid understanding of core casualty actuarial methods, techniques, and standards
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
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
Excellent quantitative analysis and modeling skills are required, in addition to significant experience in an analytical capacity (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 require

Nice To Haves

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
Working knowledge of ERM-related regulatory frameworks (Solvency II, NAIC ORSA, ComFrame) is a plus

Responsibilities

Parameterize UW Risk excluding natural catastrophe risk
Build and maintain UW risk models and output exhibits
Develop new solutions and improvements for statistical models and processes used to calculate these inputs
Maintain clear and concise documentation of methods and activities
Implement timely and practical solutions to complex problems
Validate model parameterization and model function
Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytics tools that accurately reflect the business
Communicate processes and parameterization results to stakeholders outside of the team