Senior Actuarial Analyst/Actuary- LII Commercial & Specialty Reserving

$91,800 - $152,300/Yr

Liberty Mutual - Miami, FL

Full-time

Miami, FL

10,001+ employees

Insurance Carriers and Related Activities

About the position

The Senior Actuarial Analyst/Actuary role at Liberty Mutual Insurance focuses on managing gross and net reserves for various specialty lines of business within the Latin America and US region. This position involves significant collaboration with stakeholders across multiple departments, providing insights to improve underwriting outcomes, and ensuring compliance with regulatory requirements. The role is designed for candidates with a strong actuarial background, offering opportunities for professional growth and development within a supportive environment.

Responsibilities

• Project and set reserves (gross and net of outwards reinsurance on a US GAAP basis) to support the Chief Reserving Actuary with quarterly reserving analysis.
• Act as a trusted independent advisor, communicating quarterly reserve analyses with insight and confidence.
• Provide insights to improve underwriting outcomes by identifying trends, areas of uncertainty, and emerging risks.
• Train and develop actuarial analysts within the Reserving team.
• Partner with various departments to develop a common view of underwriting profitability by product, industry, and region.
• Support process transformation involving tactical and strategic process improvement initiatives.
• Develop existing and new processes to ensure compliance with regulatory requirements and timely deliverables.
• Provide high-quality professional service with technical rigor, transparency, and consistency.
• Adhere to all relevant regulatory requirements and demonstrate compliance with internal policies.

Requirements

• Bachelor's degree required; Master's degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or Society of Actuaries (ASA/FSA) preferred.
• Minimum 5-7 years of relevant experience required.
• Sound knowledge of actuarial techniques and standards, as well as business operations including financial, underwriting, legal, statistics, and claims.
• Advanced communication and interpersonal skills to build relationships effectively.
• Ability to motivate and mentor peers and train subordinates.
• Commercial and Specialty Reserving experience with knowledge of various (re)insurance portfolios.
• Strong IT skills, including advanced knowledge of MS Excel and MS Office; experience with SQL, Power BI, R, or Python is a plus.
• Analytical problem solver with outstanding verbal and written communication skills.
• Commercially minded with the ability to influence business decisions.

Nice-to-haves

• Experience from consulting or personal lines is welcomed.
• Familiarity with big data manipulation and visualization software.

Benefits

• Comprehensive health insurance coverage
• 401k retirement savings plan
• Paid time off and holidays
• Tuition reimbursement
• Professional development opportunities
• Employee Resource Groups (ERGs) for community and support
• Flexible work arrangements
• Employee discounts on various services and products