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Liberty Mutual

Liberty Mutual

Senior Consultant, Credit Risk Insurance Analytics 

Senior Consultant, Credit Risk Insurance Analytics 

Job Details
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Uploaded On
April 13, 2024
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Location
Remote, Remote, United States
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Remote?
No
Company Overview
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Headquarters
Boston, MA
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Number of Employees
45000
Estimated Number of Actuaries
627
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
75%
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Overall Score
3.9 / 5
Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.


Description

The Senior Consultant, Credit Risk Insurance Analytics is responsible for supporting Liberty Mutual Global Risk Solutions (GRS) risk oversight of Credit and Financial Products.

 

The role requires hands-on technical capabilities to model credit and financial risks across GRS’ broad suite of reinsurance products using internal and external models and will partner with key stakeholders across risk, underwriting, actuarial, and other functions to ensure model results are reasonable.

 

The successful candidate should have experience with risk aggregation modeling techniques, accumulation management, and model validation, as well as experience with credit and financial risk reinsurance products including contract and commercial surety, mortgage, trade credit, political risk, and non-payment.

 

Responsibilities include:

  • Support the GRS, view or risk which details the approved methodology and approach to Credit and Financial Products risk measurement.
  • Support the strategic analysis and monitoring of risk exposures to provide insights into risk accumulations, market and risk trends and developments.
  • Coordinate with key stakeholders to assess and improve understanding of the risk accumulation scenarios or clash events that have the greatest potential to cause a material loss.
  • Support the development of risk limits, underwriting guideline considerations and best practices, and other product management actions.
  • Support underwriting and pricing quality reviews to evaluate adherence to Liberty standards and guidance, assess the reasonableness of key assumptions and selections, and review for appropriate use of approved pricing tools.
  • Contribute to risk-based validation of loss models and new pricing tools including review and effective challenge of key assumptions and parameters.
  • Contribute to regular reporting for internal risk-governance bodies as required.
  • Contribute to Credit and Financial Products projects and initiatives as required.
  • Coordinate with Underwriting and Operations to develop data standards that improve quality and breadth of exposure information, collected to facilitate transparent and informed risk taking.
Qualifications
  • Bachelor's degree required; Master’s degree preferred.
  • Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) 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.
About Us

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

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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.