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  • 2 weeks ago

jobs description

Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the... role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Description

The US Retail Markets Property & Specialty Analytics team is hiring two Actuaries. This is a combined posting for the USRM Actuarial Planning & Trends team and the Personal Lines Specialty, Cross-Lines team. All candidates will be considered for both opportunities with one application, in one process, to streamline our hiring process. Read on for both job descriptions and apply to join our teams!

Actuary, Personal Lines Specialty, Cross-Lines

In this role, as an Actuary, Personal Lines Specialty, Cross-Lines, you will be part of the team that provides full economic and analytical support and drives the profitable growth of the two billion dollar Personal Lines Specialty Portfolio. You will work closely with a wide range of stakeholders throughout the organization and provide holistic analysis-based guidance on profitability. The key responsibilities of this role are to coordinate and provide external actuarial support for CA and FL, own and provide recommendation on Specialty cross-line topics (Planning, Expenses, TM1 transition, Data, and Rate), evaluate and monitor cross-line metrics, perform various cross-line analyses, and provide other analytical services with actuarial and cross-line expertise. As a member of the Specialty Analytics organization, you will also work with a group of talented analysts and develop various skills including strong leadership and influence capabilities.
• This position may have in-office requirements based on candidate location.**

Responsibilities
• Build state specific expertise as the FL & CA Specialty Actuary to provide actuarial support for rate and other initiative filings, recommend filing and objection strategies, manage filings timelines and prioritization across Specialty, and collaborate with lead lines.
• Advocate for Specialty throughout all levels of the organization and serve as a subject matter expert on various cross-line topics (Expenses, TM1 Transition, Rate, Data, Planning).
• Run quarterly diagnostics for Specialty coordinating with the larger Specialty organization and opine on State Growth vs. Profitability and NB vitality metrics.
• Perform analyses that span across multiple Specialty lines and develop actionable recommendations to drive profit improvement, profitable growth and household strategies.
• Builds effective stakeholder relationships to gain cross-functional consensus on recommended product strategies.
• Proactively identifies emerging issues and boldly communicates areas of concerns that need to be addressed by leadership across Product and other functions, including Actuarial, Finance, Claims and Distribution.
• Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
• Proactively identify and act on method and process improvement opportunities.
• Practice and promote analytical, documentation, and other Actuarial best practices.

Ideal Candidate Will Have
• Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions.
• Exceptional planning, organizational, analytical, decision-making and communication skills.
• Demonstrated commitment to Liberty’s Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion.

Actuary, USRM Actuarial Planning & Trends

The Home Planning & Monitoring team within US Retail Markets (USRM) Risk Analytics is seeking an Actuary! Our team is responsible for crafting a holistic and compelling opinion of the loss ratio and top-line as part of the quarterly Plan, as well as analyzing, synthesizing, monitoring, and communicating emerging trends to a broad group of stakeholders.

In this role, you will have the opportunity to collaborate with multiple teams and functional areas across the organization in the planning-monitoring system. You will conduct deep dives. You will also work closely with members of the team and other key stakeholders to conduct deep analysis, developing and maintaining tools and reports, and reporting findings and recommendations to senior management.
• This position may have in-office requirements based on candidate location.**

Responsibilities Include
• Support in-depth analyses to explain historical frequency and severity and to forecast future loss trends.
• Monitor, investigate, and communicate drivers of results, including plan, variance-to-plan, and trends. Contribute to driving informed opinions on quarterly Plan reforecasts.
• Engage with the planning systems and processes to support well-informed, efficient, and organized planning rounds.
• Continuously assess the effectiveness of the tools, reports, and processes, and identify review opportunities.
• While leveraging analytical, financial, and operational knowledge, utilize advanced data skills and tools, such as SAS, SQL, VBA, and PowerBI, to drive process improvements.
• Establish relationships and collaborate with cross-functional areas to ensure we are appropriately interpreting, collecting, and generating sound and consistent perspectives.
• Innovate better ways to depict and explain plan changes and monitoring insights.

Qualifications
• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation required, or comparable education/designation with relevant experience.
• Minimum 5-7 years relevant experience required.
• Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
• Ability to motivate and mentor peers and motivate and train subordinates.
• Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.

About Us

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law
United States

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Apply - Actuary, Property and Specialty Analysis United States