Note: The job is a remote job and is open to candidates in USA. Liberty Mutual Insurance is a leading provider of commercial, specialty insurance, and reinsurance products. They are seeking a Senior ERM Consultant to contribute to the Insurance Risk Parameterization & Analytics team, focusing on designing, developing, and implementing underwriting risk modeling and analysis.
Responsibilities
- Collaborate with other team members to achieve the following goals
- Parameterize UW Risk excluding natural catastrophe risk
- Build and maintain UW risk models and output exhibits
- Develop new solutions and improvements for statistical models and processes used to calculate these inputs
- Maintain clear and concise documentation of methods and activities
- Implement timely and practical solutions to complex problems
- Validate model parameterization and model function
- Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytics tools that accurately reflect the business
- Communicate processes and parameterization results to stakeholders outside of the team
Skills
- Bachelor's degree or higher in Mathematics, Actuarial Science, Statistics, Finance, Economics, or similar required
- Minimum 5-7 years relevant experience required
- Very strong analytical skills with solid understanding of core casualty actuarial methods, techniques, and standards
- Expert in MS Excel and experience coding; Experience working with Visual Basic for Applications (VBA) and Capital modeling software, R, and Python preferred
- Experience with stochastic financial modeling and forecasting preferred
- Experience parameterizing reserve risk and UW risk preferred
- Comfort with solving new problems and generating ideas for improving existing processes
- Experience communicating analysis and technical concepts
- Competencies typically acquired through a Bachelor`s degree in a quantitative field
- Excellent quantitative analysis and modeling skills are required, in addition to significant experience in an analytical capacity (financial analysis, product management, actuarial, underwriting, etc)
- Very strong understanding of the risk characteristics of insurance industry required
- Excellent understanding of basic financial concepts and metrics, including financial statement analysis required
- Advanced degree (MBA) and/or professional qualification in one or more areas of risk management is preferred, and 8 to 10 years of relevant experience
- Working knowledge of ERM-related regulatory frameworks (Solvency II, NAIC ORSA, ComFrame) is a plus
Benefits
- Flexible Time Off Annual Accrual - days: 20
- 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.
- Comprehensive benefits
- Workplace flexibility
- Professional development opportunities
- A host of opportunities provided through our Employee Resource Groups
Company Overview
Liberty Mutual Insurance provides a broad range of insurance products and services. It was founded in 1912, and is headquartered in Boston, Massachusetts, USA, with a workforce of 10001+ employees. Its website is http://www.libertymutualgroup.com.Company H1B Sponsorship
Liberty Mutual Insurance has a track record of offering H1B sponsorships, with 7 in 2025, 14 in 2024, 5 in 2023, 8 in 2022, 12 in 2021, 5 in 2020. Please note that this does not guarantee sponsorship for this specific role.