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
About the Role:

We are looking for a Property and/or Specialty Lines background/experience to support the end-to-end placement of our short-tail reinsurance treaties, working closely with the business leaders to understand our Globally written insurance lines. This role will focus on the Liberty International Insurance exposures and will closely collaborate with the team's North American and Credit colleagues.

• Manage the end-to-end short-tail reinsurance treaty placements, including the production and analysis of data required for modeling and pricing suitable products.
• Clearly document and communicate treaty terms to all necessary departments such as Finance, Operations, and Actuarial. Prepare and distribute Summary of Terms, Reinsurance Schematics, and other relevant reports independently.
• Collaborate closely with the Outwards Reinsurance Operations team to ensure accurate and timely handoff of reinsurance structures, aligning with administration system requirements and processes.
• Work closely with Underwriting, Finance, Actuarial, Capital Management, Exposure Management, and Claims teams to ensure a comprehensive understanding of all Reinsurance Treaties, facilitating accurate integration into relevant internal processes.
• Produce, verify, and formalize ceded metrics sheets independently.
• Provide initial reinsurance strategy suggestions for all short tail placements based on ceded metrics and deep business knowledge acquired through engagement with underwriters.
• Develop, maintain, and communicate appropriate reports for reinsurance monitoring purposes. This includes monitoring FAC RI spend, assessing RI treaty performance, monitoring credit risk exposure, reinsurance collateral monitoring, special acceptance reporting, exception reporting, and monitoring of treaty exhaustion metrics.
• Contribute to the review of regulatory reports, such as Solvency II forms, demonstrating a thorough understanding of regulatory requirements.
• Run various annual reinsurance renewal processes, including data submission preparation and review, and delivery of the reinsurance placements.
• Maintain the various internal reinsurance allocation models.
• Coordinate annual internal and external reinsurance planning.
• Ensure appropriate reports are developed, maintained and communicated to assist reinsurance monitoring.
• Provides mentoring to less experienced staff.

• Bachelor's degree in business, economics, or other quantitative field
• Minimum 7, typically 10 years or more of relevant work experience
• Master's degree and/or ACAS or similar designation beneficial
• Proficient in Excel, PowerPoint, and data analysis software (e.g. SAS, Access)
• Must have good planning, organizational, analytical, decision-making and communication skills
• Experience managing projects preferred
• Fundamental knowledge of reinsurance
• Strong ability to adapt and address unique challenges in collaborative and creative ways
• Displays advanced communication, organizational, analytical, critical thinking, and team building skills as well as advanced presentation, influencing, and relationship management skills
• Advanced business operations knowledge to include understanding the function's value chain and market conditions strongly preferred
• Advanced knowledge of data management and manipulation in MS Excel
• Strong communication and interpersonal skills including presentation skills to senior leadership audiences

• California
• San Francisco
• Los Angeles
• Philadelphia