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Liberty Mutual

Liberty Mutual is a leading global insurance corporation and one of the largest casualty and property insurance companies in the nation. In the past, Liberty Mu

Actuary, Personal Lines Auto Analytics

Location

United States

Posted

129 days ago

Salary

0

Seniority

Mid Level

No structured requirement data.

Job Description

Actuary, Personal Lines Auto Analytics

Liberty Mutual

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description Are you looking to have a significant impact on the financial results of a Fortune 100 company? In this position, you will be part of a team whose mission is critical to both top-line and bottom line performance. You will support a business group's profit, growth and operational objectives by providing external actuarial support for key filed Product initiatives for the Personal Auto line of business, including state-level rate changes, targeted rate changes, and support of various new products and programs. This involves the initial submission of actuarial justifications, and continued verbal and written negotiations with regulators throughout the objection and approval process. Strong interpersonal and communication skills are essential for communications of wins and losses to senior managers, and interactions with external stakeholders. In this role, you will perform analysis in pricing and product development and partner with various other functions such as state analytics, planning, rate revision, and countrywide rollout teams. In addition to state level assignments, we establish and promote subject matter expertise in areas such as various data sources and processes used within our group. The candidate will need to be able to provide data and analytical support for projects independently. This role may have in-office requirements based upon candidate location. Responsibilities: - Provide actuarial support for state filings for rate and other new initiatives. - Provide analytical insight and recommendations to State Directors to inform business decisions. - Track state-level requirements for actuarial assumptions in filings and apply them appropriately. - Develop subject matter expertise which can be leveraged countrywide. - Own continuous improvement of processes to ensure efficiency, accuracy, and effectiveness of external actuarial support that are quickly integrated in daily work routines. - Queries data for requests outside of base rate support and drive deep dives on an ad-hoc basis. - Protect intellectual property by providing information only as required or confidentially as allowed. - Communicate effectively with external regulators in writing and verbally, to support business outcomes. - Monitors developments in actuarial techniques; Researches laws and regulations; Analyzes developments in the marketplace. Represents the Company on industry and professional committees. Qualifications - Bachelor's degree required; Master’s degree preferred. - Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred 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. - Employees may apply for a new role after completing 12 months of employment in their current position. Benefits - 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. - Comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups.

Job Requirements

  • Bachelor's degree required; Master’s degree preferred.
  • Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred 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.
  • Employees may apply for a new role after completing 12 months of employment in their current position.

Benefits

  • 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.
  • Comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups.

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