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
This role sits within the LII Commercial & Specialty Reserving team with predominant responsibility for the gross and net reserves for all classes of business within the Latin America and US region. This role will cover a wide variety of specialty lines products including D&O, Energy, Fine Arts, and Terrorism as well as more traditional lines such as Primary GL and Commercial Property. You will have significant exposure to the business with stakeholders spanning across Underwriting, Finance, Operations, and Executive functions.

• Use of accurate, sound, and innovative approaches in projecting and setting reserves (gross and net of outwards reinsurance on a US GAAP basis) to support the Chief Reserving Actuary with the provision of the quarterly reserving analysis for the Latin America and US region.
• Act as a trusted independent advisor to the business that communicates the quarterly reserve analyses with insight and confidence, grounded in technical rigor and objectivity.
• Provide insights that are sought by the business to improve underwriting outcomes. Identify trends, areas of uncertainty, emerging risks and macroeconomic factors that could impact results and propose corrective action in a timely manner.
• Provide training and development opportunities to the actuarial analysts within the Reserving team.
• Partner with Business Actuarial, Underwriting, Finance, Claims and management in developing a common view of underwriting profitability by product, industry and region.
• Support the successful delivery of the process transformation involving tactical and strategic process improvement initiatives.
• Seek opportunities to develop existing and new processes to ensure they are up-to-date and in line with regulatory requirements, to ensure that the deliverables of the Actuarial Function are timely, accurate and fit for purpose.
• Provide the highest quality professional service, underpinned by technical rigor, transparency and consistency in all aspects of the above responsibilities.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to Liberty Mutual's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. We expect you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.

• 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.
• Commercial and Specialty Reserving experience with knowledge of a range of (re)insurance portfolios. Relevant experience from consulting or personal lines is also welcomed.

• Strong IT skills - advanced knowledge of MS Excel and the standard MS Office suite is essential. Other experience of working with other big data manipulation and visualisation software such as SQL and Power BI or similar would also be an advantage (although not a starting pre-requisite) for the role, as would analytics coding experience in packages such as R, Python or similar.
• Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external stakeholders of varying experience, expertise and appreciation of actuarial techniques.
• Commercially minded, with gravitas to influence business decisions in line with strategic plans.
• Works under limited management supervision. This means that technical supervision on day-to-day matters is not often required, but is required for novel situations and development or project work .
• A growth mindset - highly focused, motivated and committed to ongoing personal learning and development.
• Ability to both work independently and as part of a wider team as well as during periods of change and transformation.

• California
• San Francisco
• Los Angeles
• Philadelphia