US Cyber and Financial Lines Actuary

Looking to make an impact on a dynamic portfolio labeled a “Strategic Priority” for Liberty Mutual? The NAS Financial Lines and Cyber team is looking for a dedicated individual to lead pricing for the NAS Cyber Portfolio and support other Financial Lines products. This front-line role works directly with Underwriting, Claims, Data Science, and aligned Global partners to evaluate current portfolio profitability, determine optimal strategies for growth, and assess adequate pricing-levels. Show initiative and show up for a team that plans to almost double premium over the next five years.      

We are open to fill as a Senior Actuarial Analyst (Grade 16) or an Actuary (Grade 18) depending on candidate experience.   

• Supporting pricing of and become a trusted advisor to US Cyber and Financial Lines profit centers for North America Specialty.
• Portfolio analysis: in-depth reviews of the portfolio’s composition and profitability; participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction; clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
• Rating models: support implementation of Global Cyber rating model, maintenance and enhancement of existing models and development of new models as necessary, including periodic data-driven reviews of pricing parameters
• Develop a consistent set of monitoring tools to assess the profitability of the business with a goal to provide timely and actionable insights
• Integration of analytical models into actuarial analyses to drive business profitability
• Participation in the reinsurance placement process as necessary
• Responding to ad hoc analysis requests from Underwriting, Claims, IT, and senior management
• Retrieves, understands and manipulates data as it relates to assigned and related projects while maintaining clear and concise documentation of methods and activities.
• If applicable, positive progress towards pursuing and passing of required actuarial exams.

• 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.