Job Description

Liberty Mutual's Corporate Risk and Capital Analytics (CRCA) unit within Corporate Enterprise Risk Management (ERM) is responsible for the maintenance, execution, and continuous improvement of the Corporate economic capital model and for providing oversight and governance of risk and capital modeling for the enterprise. CRCA coordinates with and provides expertise to the GRM and GRS Risk and Capital Modeling units. The CRCA unit is also responsible for coordinating the annual LMIG capital attribution process, supporting Enterprise Risk Management, including the prospective solvency assessment in the company's Own Risk and Solvency Assessment (ORSA), and generating insights from and developing applications for economic capital (EC) modeling.

We seek a highly motivated individual with advanced quantitative skills to join our team. This person will work with Risk, Actuarial, and Finance teams within the businesses, other parts of Corporate Finance, and Investments to identify, design, and implement enhancements to Corporate EC models, support enhancements to business and functional area models and processes, and promote understanding and credibility of economic capital modeling across Liberty Mutual. The successful candidate will be a creative, highly motivated, self-directed individual with superior quantitative skills, sound business judgment, the ability to identify and solve complex problems, the ability to manage and/or execute multiple projects simultaneously, and the ability to address a wide range of topics successfully.

Responsibilities:

* Assist with the development of new applications and tools to support the use of EC concepts across the organization
* Develop additional capabilities for existing tools that will provide management with insightful information on strategic risk and return decision making
* Perform ad-hoc analyses on a wide variety of risk and capital-related topics
* Support the LMIG ERM program by providing analysis and insight on risk drivers
* Provide support for improvements and maintenance of the corporate economic capital models, data, and processes based upon internal team observations as well as ongoing feedback from Corporate, business, and functional teams in risk, actuarial, finance, and investments
* Assist with the development of consistent definitions and measures of risk and of capital utilization by enhancing the analyses supporting the reporting of key risk drivers, risk distributions, segment profitability, and their impact on capital
* Assist with the implementation of timely and practical solutions to complex problems
Qualifications:
* Bachelors degree with strong preference for degree in Mathematics, Statistics, Finance, Economics, or Actuarial Science
* Advanced degree (Masters Degree, Ph.D.), actuarial credentials (FCAS/ACAS, FSA/ASA or equivalent), combined with relevant experience preferred
* Minimum of 5 years of progressively responsible experience in risk modeling or related non-academic disciplines
* Proven track record of applying advanced analytics to improve business results and resolve business problems
* Strong understanding of predictive modeling concepts, techniques, and uses preferred
* Advanced analytical skills with demonstrated understanding of quantitative modeling techniques, standards, and assumptions
* Solid organizational skills and ability to complete work in a timely manner with minimal supervision
* Ability to learn and implement new concepts quickly and solve problems
* Strong communications and interpersonal skills
* Demonstrated ability to exchange ideas and convey complex information clearly and concisely, verbally and in writing, both one-on-one and in larger group settings
* Ability to convey technical concepts to non-technical audiences at all levels of management
* Ability to establish and build relationships within and outside of the Corporate Risk and Capital Analytics organization
* Ability to work effectively with diverse teams and individuals representing multiple businesses and functions to achieve successful outcomes
* Sound understanding of Liberty Mutuals major lines of business; strong knowledge of insurance operations and procedures across Finance, Underwriting, Reserving, Claims, Advanced Analytics, and Investments areas a plus
* Advanced ability with programming languages (e.g., R, SAS, C/C++, Python, VBA); experience with Willis Towers Watson Igloo software (our economic capital modeling platform) a significant plus