Pricing Head for LMRe Casualty

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.

To lead and manage the global LMRe casualty actuarial team.  Reporting to the LMRe Chief Actuary, you will drive actuarial pricing and business planning support that develop portfolio and risk level insights to improve underwriting performance, drive profitable growth and deliver against operational and strategic goals. You’ll be expected to apply a comprehensive understanding of the casualty reinsurance market to influence underwriting and risk selection. You’ll be responsible for developing global casualty pricing capabilities, ensuring consistent approaches and collaborate with stakeholders within and outside of LMRe. This team requires alignment and partnering with Global Actuarial Solutions and Reserving teams to provide a unified Actuarial Function to business stakeholders that enables clear and effective decision making.   

Liberty Mutual Reinsurance, is the dedicated business unit for global Reinsurance within Global Risk Solutions (GRS), backed by the strength and long-term of Liberty Mutual Insurance.

This role leads a team of student and qualified actuaries, with regional leads in Stamford, London and Paris.

Key Responsibilities:

• Manages team of actuaries delivering individual account pricing support to underwriting, including new business and performance monitoring versus target return criteria.
• Partners with underwriting, claims and portfolio management to identify areas in which actuarial can have the greatest impact and provide trusted advice to deliver top-quartile business performance.
• Delivers trend studies and development priorities for LMRe’s casualty pricing tools.
• Owns the actuarial selected loss ratios within the financial plan.
• Delivers portfolio profitability “deep dives” to prospectively inform the risk vs reward impact on financial planning, underwriting postures and appetite, remediation and growth strategies.
• Collaborates with and influences aligned business support functions across GRS and LMRe to deliver and aligned go-to market strategy.
• Compliance and reporting against internal and regulatory pricing and underwriting risk management principles and standards.

• Proven track record in leadership, influencing, innovation and people development upskilling.
• Qualified Actuary with extensive post-qualification experience in US and international reinsurance casualty markets.
• Familiarity with the corporate and regulatory requirements governing the major markets in US, Europe, AsiaPac, Lloyd’s and Bermuda.
• Extensive reinsurance pricing experience, covering the best practice techniques used to price US and international casualty treaties
• Desirable to have experience in complex, multi-year, global pricing transformation programmes working across different cultures.

• Excellent IT skills – with experience in Hx and Python advantageous.
• Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise and appreciation of actuarial techniques.
• Commercially minded, with gravitas to influence and negotiate on well-considered risk-based decision making.

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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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