Global Surety has an exciting opportunity for an Actuary to join our Actuarial & Analytics team, striving to seamlessly integrate cutting-edge analytics into every Surety decision. In this role, you will perform and review non-traditional applications of actuarial concepts to support the profitability, growth, and operational objectives of Global Surety. You will be a valued thought leader for analytical projects that support both domestic and international business, which includes developing & maintaining a suite of pricing models. You will work directly with Surety leaders in Underwriting, Operations, Finance, and Surety’s international organization. This is a chance to perform industry-leading analytical work in a collaborative and dynamic work environment!

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest global Surety, including in the United States. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service. Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce in more than 16 countries.

Responsibilities:

• Develop and maintain risk-based pricing (RBP) tools, design and implement enhancements to underlying RBP methodology, and develop new tool functionality.
• Communicate quarterly price adequacy insights for various aggregations of the Surety portfolio across the relevant levels of underwriting leadership.
• Cultivate collaborative business relationships with culturally diverse underwriting teams through actuarial support related to pricing decisions.
• Enhance underwriting capabilities by providing training to underwriters on RBP tools.
• Work with partners in IT to build, test, and implement innovative pricing tools for the underwriting organization.
• Collaborate with actuarial peers across GRS to ensure consistent pricing and reporting practices when appropriate.
• Develop and implement controls and documentation of assumptions, methods, and processes, and streamline current recurring processes.
• Apply actuarial techniques beyond the traditional environment to continuously improve upon existing practices and conduct ad hoc analyses, including the efficient use of platforms like SQL, SAS, PowerBI, Python, PowerApps, and VBA.

Qualifications

• Bachelor’s degree required; Masters Degree preferred.
• Fellowship in the Casualty Actuarial Society (FCAS) or in Society of Actuaries (FSA) designation preferred or comparable education/designation with relevant experience.
• Attaining Associateship alone is not a sufficient criterion to operate at this level, especially if exams have been passed very rapidly.
• Minimum 5-7 years relevant experience required;
• Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
• Ability to motivate and mentor peers and motivate and train subordinates;
• Advanced computing skills (MS Office Excel, SAS, etc.); Ability to build complex models.

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Job Specifications:

Reference: 2023-53971
Category: Actuarial
Primary Location: Remote
Additional Locations: Boston, MA; Plymouth Meeting, PA; Seattle, WA;
Schedule: Full-Time

Salary: USD-$130,000.00-–-$184,000.00-/-Year
Education Level:
Travel: As Needed

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