Department: Actuarial

Location: Toronto

Reports To: Senior Vice President & Chief Actuary

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we'll continue to invest in it to create a stronger global organization.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

- A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance

- Competitive health & dental benefits plan

- Market-leading pension plan

- Competitive time off policy

- External education & tuition reimbursement programs

- Employee & Family Assistance Programs

- An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity:

At Liberty, we have a dynamic, collaborative, and inclusive work environment where we are committed to developing our talent. We are looking for a highly talented and motivated individual who is excited to learn and grow their actuarial career. This role will report directly to the Senior Vice President & Chief Actuary. The preferred candidate should demonstrate strong actuarial skills, and possess the desire to be part of a professional team that contributes to achieving the business and strategic goals of Liberty Mutual Canada.

Duties and Responsibilities:

• Perform actuarial analysis for various business segments and make recommendations concerning pricing, reserving, and tiering of portfolios.
• Manage and participate in studies that underlie actuarial assumptions designed to improve risk selection, pricing, and reserve setting.
• Provide advice to underwriters on pricing, rates, and related matters, including the development and use of pricing models/tools, and business planning.
• Perform quantification of loss ratio benefits for relevant underwriting actions.
• Monitor and analyze financial results in order to communicate the impact of strategic and operational plans. Develop and revise strategic and tactical plans as necessary to meet corporate objectives and respond to environmental changes.
• Assist in quarterly and year-end reserving exercise in developing relevant assumptions and performing analysis by lines of buisness.
• Identify data requirements for pricing and reserve analyses, pricing tools development, and financial reporting.
• Extract and manipulate data from various sources systems.
• Perform portfolio monitoring.
• Profitability reviews for large accounts.
• Monitor developments in latest actuarial techniques and trends in the insurance market.
• Assist in regulatory matters.

Skills & Qualifications:

• Bachelor's degree in a mathematical or relevant discipline.
• At least 4 years of relevant Property & Casualty insurance experience
• Actively working towards ACAS and ultimately FCAS designation.
• Strong analytical skills with a solid interest in continuous learning and further developing actuarial techniques, standards, and assumptions.
• Strong interest and aptitude for data science, advanced mathematical statistical modeling, and predictive modeling.
• Strong programming skills: Excel, Access, VBA, SAS, R, Python.
• Interest in Artificial Intelligence, Machine Learning and their applications.
• Strong interest in developing knowledge of insurance operations and collaborations with Finance, Underwriting, Claims, Information Technology, Legal, and Marketing functions.
• Ability to establish and build effective relationships both internally and externally.
• Ability to work effectively both individually and as a team.
• Excellent oral and written communication skills.
• Ability to act as a mentor to junior actuarial students.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.