Chief Actuary Reserving - North America

About the role

The North America (NA) Chief Reserving Actuary will lead the North America Reserving function, responsible for a $20 billion reserve base. This position involves overseeing thorough reserve analysis, maintaining reasonable and adequate reserves, communicating results transparently to key stakeholders, and identifying reserve analysis elements relevant to future business decisions. The role requires effective leadership of a large team and building strong relationships with business leaders across the organization.

Responsibilities

• Provide an independent assessment of NA reserves and associated risks, ensuring adequacy and accuracy.
• Ensure the use of accurate, sound, and innovative approaches in projecting and setting reserving guidelines consistent with Global Risk Solutions (GRS).
• Communicate quarterly reserve analyses to NA leadership.
• Lead and develop a NA reserving capability that is both technical and commercially minded.
• Serve as an inclusive leader committed to mentoring and developing team members for progressively senior roles.
• Provide proactive insights sought by business leaders, identifying key trends, areas of uncertainty, and macroeconomic factors impacting the business.
• Collaborate closely with underwriting, pricing, claims, and finance to develop a common view of the business.
• Partner with stakeholders to identify emerging trends and propose timely corrective actions.
• Apply innovative approaches and leading-edge tools to analyze the business, ensuring data quality and consistent application in reserving processes.
• Foster a culture of technical rigor, transparency, and consistency in reserving practices.
• Execute a governance framework ensuring reserving guidelines are consistently applied and compliant with internal and external requirements.
• Collaborate with the broader actuarial organization and strategic business units to share knowledge and advance the business.
• Seek opportunities to continuously improve and streamline processes.
• Stay abreast of new reserving methodologies, trends, product/tort reforms, and other external issues.

Requirements

• Bachelor’s degree required.
• Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience.
• Demonstrated expertise in financial management of a P&C business.
• Strong analytical skills with a solid understanding of all casualty actuarial techniques, standards, and assumptions.
• Expert knowledge of insurance operations and P&C insurance business.
• Excellent management and communication skills.
• Strategic thinking and ability to set direction for the team.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
• Ability to anticipate areas of senior management concern, integrate different perspectives, and respond accordingly.
• Exceptional interpersonal skills to establish and build effective relationships within and outside the organization.
• Ability to give effective training and presentations to senior management and other groups.
• Demonstrated ability to organize, lead, and drive work through others.
• Ability to develop staff and managers to support succession planning and address ongoing talent needs.
• Ability to build and manage talent across the enterprise in conjunction with peers.
• Demonstrated ability to exert influence over senior managers and operating managers on matters of importance to the business unit.

Benefits

Liberty Mutual offers a comprehensive benefits package designed to support employees' lives and well-being. Benefits include workplace flexibility, professional development opportunities, and support through Employee Resource Groups. The company fosters an inclusive culture where everyone can thrive and make a meaningful impact.

To learn more about our benefit offerings, visit: Liberty Mutual Benefits.

Pay

The typical starting salary range for this role is determined by skills, experience, education, certifications, and location. The full salary range reflects the competitive labor market value for this position across the national market and provides opportunities for progression as employees grow and develop within the role. Some roles may include commission and/or bonus earnings based on factors outlined in the compensation plan.