Business Pricing Actuary

About the RoleAbout 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, aligned with our “Invest in Europe” strategy. The role focuses 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. This position specifically covers Cyber and Commercial Professional Indemnity (PI) lines of business.About the Department & TeamThis position reports to the Senior Business Actuary based in Paris. You will be part of the LII Europe Business Actuarial team, currently a team of four located on the continent, reporting to the LMIE & LII Europe Chief Actuary based in Luxembourg. The remainder of the LII Europe Business Actuarial team is based in London and consists of approximately five members who also support the LII Europe pillar as part of their remit. In addition, London hosts a larger team of around 40 professionals with broader responsibilities across pricing & analytics, reserving, and capital management, servicing LII and other regions globally.Whilst this role does not have specific location requirements, we would have a preference for the candidate to be located in one of LII Europe branches to best support our underwriting teams locally.This is an exciting role in which you will be given the opportunity to shape LII Europe’s future and expanding European operations. You will be given the opportunity to develop the actuarial presence across LII’s European offices.LII Europe underwrites cca $m of GWP annually in Europe and has growth aspirations to further its market share in Europe in the coming years. The European portfolio encompasses Financial and Professional lines as well as Casualty, Energy and Marine exposures.Key ResponsibilitiesPricing and performance monitoring for individual small and large accounts, as well as delegated authority businessDevelopment and maintenance of technical rating tools including supporting the re-platforming of tools onto Runway and HX and re-calibration of existing ratersImplement new pricing and monitoring process for digitally rated business in Continental EuropeDesign, facilitate and own actuarial input into European Quarterly Business Review committees and early warning KPIs thereinReview and analyse pricing and claims MI to check accuracy and identify trends, opportunities or concernsEnsure adherence to local and global group pricing standardsWorking with underwriters on strategic insight assignments such as segmental account profitability, deep dives and remediation plans to improve profitability and assess new growth opportunitiesWorking with our US based Data Science Solutions teams to develop Advanced Analytics solutions across Europe, relying on predictive analytics or AI where possibleAdherence 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 LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects 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.Skills and ExperienceExtensive relevant actuarial experienceFluency and experience working in EnglishBreadth 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 companyExtensive practical experience essentially in pricing and strategic portfolio analysis-related applicationsExperience of designing and coordinating pricing and portfolio monitoring processes and reporting frameworksStrong interpersonal, verbal and written skills, communicating with a range of internal and external clients of varying experience.Excellent stakeholder and UW management skills. The role will involve delivering to multiple head of division underwriters and other Non-Actuarial Senior LII Europe ManagementStrong IT skills – advanced knowledge of MS Excel and the standard MS Office suite is essential; and experience working with other big data manipulation and visualization software as well as programming in Python would also be an advantage (although not a strict pre-requisite) for the roleAbout 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.Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:Offering a vibrant and inclusive environment and committing to their career development.Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.A supportive culture, which includes promoting a healthy work-life balance and working flexibly. #J-18808-Ljbffr