(Senior) Actuarial analyst - Europe

About the Role

This is a newly created Actuarial analyst position within the LII Europe business actuarial department, 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.

Whilst previous experience working in commercial pricing is an advantage, it is not a prerequisite. We encourage candidates who display the key behaviours discussed above to apply. The role of senior actuarial analyst is typically held by an associate actuary or junior qualified actuary justifying a couple of years of relevant experience.

About the Department & Team

You will be joining the Europe Financial Lines and Casualty Business Actuarial team composed of 3 professionals based in Europe and report to the Senior Actuary of the team. In your role, you will be closely working with other business actuarial teams, either based in Europe (Professional Lines & Portfolio solution) or supporting Europe from London (Global Lines such as Marine, Energy & Construction, GTS and Contingency). Your team, along with other European Business actuarial teams, report to the LMIE & LII Europe Chief Actuary, based in Luxembourg. 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 prefer the candidate to be based 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 $900m of GWP annually in Europe, half of which related to Casualty and Financial Lines. It has ambitious aspirations to expand its market share in Europe in the coming years.

Key Responsibilities

• Development and maintenance of technical rating tools including supporting the re‑platforming of tools onto the HX rater and re‑calibration of existing raters.
• Individual large account pricing and performance monitoring.
• Ensure adherence to local and global group pricing standards.
• Contribute to any required side analysis supporting the 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.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behavior 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

• Associate, Qualified Actuary and/or masters level qualification in a scientific degree.
• Fluency working in English.
• Breadth and depth of understanding of the commercial lines of business and related issues.
• Some experience in pricing and strategic portfolio analysis‑related applications is a plus. Modelling and analytics in the (re)insurance industry is an advantage but not a requirement. Relevant experience from data science, consulting, commercial or personal lines also welcomed.
• Ability to utilise relevant methods, data, and tools effectively to solve technical problems, communicate technical concepts effectively to varying audiences, draw meaningful conclusions and make recommendations, enhance actuarial analyses ensuring clear audit trails.
• Strong interpersonal, verbal and written skills, communicating with a range of internal and external clients of varying experience.
• Ability to foster cross‑functional relationships, engage in inclusive problem‑solving, and drive innovative solutions by considering multiple stakeholder perspectives and requirements.
• Assume ownership and responsibility for delivery, manage timelines and workload effectively, ensure error‑free and well‑reviewed work, respond proactively to feedback.
• Strong IT skills (and/or desire to learn) in Excel, SQL, Python, PowerBI. Experience working with big data manipulation and visualization software as well as programming in Python would be an advantage 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 to share our unique perspectives helps 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.