Business Pricing Actuary

Liberty Specialty Markets; Paris; Sur place; EUR 90 000 - 130 000; Temps partiel

Résumé du poste

Liberty Specialty Markets seeks an experienced Business Pricing Actuary for Europe to drive technical pricing and portfolio monitoring across European branches. You will engage with local underwriting teams and lead the development of digital raters within a cross-border actuarial team.

You will contribute to pricing standards, rigorous MI reviews, and strategic profitability initiatives while working closely with the LII Europe actuarial team and underwriters across branches.

Qualifications

• Qualified Actuary or master’s level qualification in a scientific field.
• Fluency and experience working in English.
• Breadth and depth of understanding of non-life commercial and specialty insurance pricing processes.
• Extensive practical experience in pricing and portfolio analysis.
• Experience designing and coordinating pricing and portfolio monitoring processes.

Responsabilités

• Develop and maintain technical rating tools and support re-platforming onto HX and Runway.
• Perform individual account pricing and monitor performance.
• Ensure adherence to local and global group pricing standards.
• Lead actuarial input into European Quarterly Business Review (QBR) committees and KPI reporting.
• Review pricing and claims MI to identify trends and opportunities or concerns.
• Collaborate with underwriters on profitability analysis and growth opportunities.
• Implement pricing and monitoring processes for digitally rated business in Continental Europe.
• Demonstrate regulatory compliance and conduct-related responsibilities.

Connaissances

Actuarial pricing

Portfolio analysis

SQL

Python

Excel

Fluent English

Stakeholder management

Formation

Qualified Actuary

Outils

SQL

Python

Excel

Description du poste

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 and 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:

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 contribute to develop the actuarial presence across LII’s European offices.

You would be part of the LII Europe Business Actuarial team, which is currently a team of 4 located in Paris, and reporting into the Senior Business Actuary responsible for the Professional Lines (Commercial PI and Cyber) and Affinity and Delegated Business Pricing.

The rest of the LII Europe business actuarial team is based in London and consists of cca 5 members of staff also supporting the LII Europe pillar as part of their remit. You will also interact with a much larger actuarial community of cca 40 members dedicated to other actuarial specialties such as Pricing & Analytics, Reserving and Capital management and who are servicing LII and other regions.

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.

LII Europe underwrites cca $1bl 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 Responsibilities:

• Development and maintenance of technical rating tools including supporting the re-platforming of tools onto HX and Runway and re-calibration of existing raters
• Individual 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 (QBR) 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
• Implement new pricing and monitoring process for digitally rated business in Continental Europe
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors 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 Experience:

• Qualified Actuary and/or master’s 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
• Good stakeholder and underwriting management skills. The role will involve delivering to multiple underwriters and other Non-Actuarial LII Europe Management
• Strong 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 SQL and Python would also be an advantage (although not a strict pre-requisite) for the role

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.

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.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion