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ERM Analyst, Corporate ERM

Employer
Liberty Mutual Insurance
Location
Boston, Massachusetts
Salary
Not Specified
Closing date
Oct 16, 2019

View more

Category
Financial Services, Accounting
Job Type
Not Specified
Career Level
Not Specified

Job Details

Summary:


Performs risk analysis and prepares reporting packages to support ERM programs, including reporting for various ERM committees comprised of senior executives and members of the Board of Directors. Conducts economic, financial market and industry research to support key ERM program initiatives. Participates in group-wide ERM related initiatives comprised of cross-functional teams; initiatives may include development and implementation of risk mitigation strategies, improvement of risk management processes and analyses, and implementation of regulatory ERM requirements. Supports work to identify future sources of risk and the development of recommendations or solutions on how to mitigate.

Responsibilities:

  • Support Corporate ERM operations by performing risk analysis and modeling, stress scenario testing, and research on key risk-related issues.
  • Assist with preparation of materials and reporting packages for key meetings, including LMIG ERM committee meetings.
  • Participate in group-wide ERM related initiatives comprised of cross-functional teams; initiatives may include development and implementation of risk mitigation strategies, improvement of risk management processes and analyses, and implementation of regulatory ERM requirements.
  • Assist with conducting research and analysis on existing and emerging risks. Support drafting recommendations for and implementation of ERM committee decisions.
  • Provide support for assessments of Liberty Mutual’s ERM program by external parties such as rating agencies and regulators.
  • Assist with the preparation of Liberty Mutual’s Own Risk and Solvency Assessment (ORSA), and conduct modeling and analysis required for annual updates.
  • Assist with conducting analysis to support Liberty Mutual’s advocacy positions on ERM and regulatory capital related proposals.
  • Assists with the evaluation and assessment of the Corporate Insurance placement strategy, including supporting the identification, selection, and assessment of risks; performing analysis of policy terms and conditions; and helping assemble proposals to management. Occasionally participates in meetings with external partners.
  • Performs analyses on the Corporate Insurance portfolio that support the development of areas of opportunity for improvements in coverage, limit, and/or retention.
  • Develop knowledge of insurance coverage through review and analysis of contractual commitments.



Qualifications:

  • Bachelor’s degree in a quantitative field (e.g., finance, economics, mathematics) required; Master’s degree a plus.
  • 2 to 4 years of relevant experience in an analytical capacity (e.g., business/financial analysis role, product management, actuarial, underwriting) required.
  • Strong quantitative analysis and modeling skills required.
  • Solid understanding of the risk characteristics of insurance products and the inherent risks borne by an insurance company preferred.
  • Solid understanding of basic financial concepts and metrics, including financial statement analysis, preferred.

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, it’s our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Overview:

At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.

We’re dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.

Company

When people have a sense of security, they are free to relax, venture out, and live their lives. This is the feeling Liberty Mutual brings to the world every day. Founded in 1912, we are a global leader in property and casualty insurance, focused on protecting and preserving the lives and dreams of customers in more than 30 countries. With over 50,000 employees throughout the world, we offer you the chance to work for an evolving, growing company with a deep sense of humanity and a commitment to diversity and philanthropy. Join our team and go to work knowing that what you do matters. Because really it does.

 

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