The Global Retail Markets (GRM) Reserving Special Projects Actuary will have two primary responsibilities that exemplify the risk-based reserving and innovation focus of the broader department. The first is to be a versatile reserving expert, uncovering deep insights into problem lines and coverages. This will require having a broad spectrum of industry and internal knowledge across all of GRM. The second is to constantly elevate the reserving practice of the department into the future by continually researching and implementing advanced method and solutions to broad scope problems from data start to process finish. Experience with Data Science is strongly preferred.
Ideal candidate will have:
- Data science modeling experience with Generalized Linear Models (GLM) or Time Series within R or Python.
- Prior reserving experience.
- ACAS/FCAS.
- Self-starter, initiative for innovation.
Responsibilities:
- Ability to synthesize a broad array of information.
- Natural curiosity to research, explore, and implement new areas of interest pertinent to reserving and modeling.
- Ability to independently ideate and execute successful deep dives into areas of interest and value-add for given coverages of high-activity.
- Knowledge of, or ability to quickly learn, various modeling methodologies (including, but not limited to, Time Series, GLMs, and Machine Learning techniques) and ability to design and build models from the ground up based on broader specifications.
- Comprehensive knowledge of reserving practices and techniques including more advanced methodologies.
- Comprehensive understanding of all lines and coverages in the LTL business with respects to claims initiatives history, data nuances, and industry trends.
- Ability to lead and mentor others through short and long-term projects.
- Clear and concise communication and presentation of advanced topics to a broad audience.
Qualifications
- Bachelor’s degree required; Master’s degree preferred.
- Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred or comparable education/designation with relevant experience.
- 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.) with ability to build complex models.
Working at
Liberty Mutual
Liberty Mutual is a leading insurance company in the United States that offers a wide range of insurance products, including home, auto, and business insurance. The company was founded in 1912 and has grown to become one of the largest and most respected insurance providers in the country. Liberty Mutual is known for its commitment to customer service and for providing high-quality coverage options to its policyholders. In addition to traditional insurance products, the company also offers a range of specialty coverage options and risk management solutions to meet the diverse needs of its customers. Liberty Mutual has a strong presence in the United States and has offices and operations in several other countries around the world.