Business Pricing Actuary

Join to apply for the Business Pricing Actuary role at Liberty Specialty Markets Role Title: Business Pricing Actuary – Commercial and Specialty - Europe Department: LII Actuarial Team: LII Actuarial Location: Europe Type: Permanent About the Role This is an Actuary position within the LII Europe business actuarial team. Its purpose is to support the growth objectives of LII Europe’s Commercial and Specialty insurance business across European branches with a focus on technical pricing and portfolio monitoring, providing and coordinating actuarial engagement with local European underwriting teams, and leading the development of best‑in‑class technical rating capabilities, including digital raters. About the Department & Team You would be part of the LII Europe Business Actuarial team, which is currently a team of 4 located on the continent, and reporting into the LMIE & LII Europe Chief Actuary, based in Luxembourg. The rest of the LII Europe business actuarial team is based in London and consists of approximately 5 members of staff also supporting the LII Europe pillar as part of their remit. In London there is also a larger team of approximately 40 members of staff with wider pricing & analytics, reserving and capital management responsibilities servicing LII and other regions as a whole. While this role does not have specific location requirements, we prefer the candidate to be located in one of LII Europe branches to best support our underwriting teams locally. It is an exciting role in which you will be given the opportunity to shape LII Europe’s future and expanding European operations and to develop the actuarial presence across LII’s European offices. LII Europe underwrites approximately $900m of GWP annually in Europe and has growth aspirations to further its market share in the coming years. The European portfolio encompasses Financial and Professional lines as well as Casualty, Energy and Marine exposures. Key Responsibilities Development and maintenance of technical rating tools including supporting the re‑platforming of tools onto Runway and re‑calibration of existing raters Individual large account pricing and performance monitoring Ensure adherence to local and global group pricing standards Design, facilitate and own actuarial input into European Quarterly Business Review committees and early warning KPIs therein Review and analyse pricing and claims MI to check accuracy and identify trends, opportunities or concerns Working with underwriters on strategic insight assignments such as segmental account profitability, deep dives and remediation plans to improve profitability and assess new growth opportunities Working with our US‑based Data Science Solutions teams to develop advanced analytics solutions across Europe, relying on predictive analytics or AI where possible Implement new pricing and monitoring process for digitally rated business in Continental Europe Adhere to all relevant regulatory requirements and demonstrate compliance with the Conduct Risk Policy and Liberty Values Skills and Experience Qualified Actuary and/or masters level qualification in a scientific degree Fluency and experience working in English Breadth and depth of understanding of the lines of business and current issues as well as actuarial processes within a non‑life commercial and specialty insurance company Extensive practical experience essentially in pricing and strategic portfolio analysis‑related applications Experience of designing and coordinating pricing and portfolio monitoring processes and reporting frameworks Strong interpersonal, verbal and written skills, communicating with a range of internal and external clients of varying experience Excellent stakeholder and underwriter management skills; the role will involve delivering to multiple division heads, underwriters and other senior LII Europe management Strong IT skills – advanced knowledge of MS Excel and the standard MS Office suite is essential; experience with big data manipulation and visualization software and programming in Python is an advantage About Liberty Specialty Markets (LSM) Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world‑class insurance and reinsurance services to brokers and insureds in all major markets. Benefits Offering a vibrant and inclusive environment and commitment to career development Promoting diversity, equity and inclusion (DEI); the Inclusion Matters framework and employee‑led networks strengthen the diversity of our workforce and inclusive environment Reinforcing that collaboration and sharing perspectives help make better decisions, deliver innovative solutions and pursue ambitious goals A supportive culture, including promotion of healthy work‑life balance and flexible working #J-18808-Ljbffr