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Actuary- GRS NA Short Tail Lines Reserving

AT Liberty Mutual Insurance
Liberty Mutual Insurance

Actuary- GRS NA Short Tail Lines Reserving

Boston, MA

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
Global Risk Solutions NA Reserving is seeking an Actuary to deliver exceptional analyses for short-tail reserving, financial planning, and natural Catastrophe booking support. This position requires the ability to implement process improvements to align with reserving unit goals and cross-functional requirements. The ideal candidate will have excellent analytical and communication skills, with a proven track record of executing tasks effectively in a collaborative team setting. Additionally, the candidate should possess the ability to prioritize competing priorities, ensuring efficient and timely completion of projects.

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This position may have in-office requirements depending on candidate location.

Responsibilities:
  • Prepare quarterly reserve adequacy opinions and present recommendations to senior management.
  • Build strong relationships and collaborate closely with Claims, Finance, and Information Management.
  • Participate in annual loss analyses to support the Plan for various lines of business and segments.
  • Assist in monthly Catastrophe projection analysis and financial booking support.
  • Performs special projects as requested.
Qualifications
  • Bachelor's degree or equivalent experience, with 3-5 years of related experience.
  • Associateship in the Casualty Actuarial Society (ACAS) designation required, Fellowship (FCAS preferred).
  • Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals.
  • Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
  • Advanced computing skills (MS Office Excel, SAS, etc.) required.
  • Working knowledge of IWE, TM1, and Smart view database applications is preferred.
About Us
This position may have in-office requirements depending on candidate location.

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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.

Fair Chance Notices
  • California
  • San Francisco
  • Los Angeles
  • Philadelphia

Client-provided location(s): Boston, MA, USA; New York, NY, USA; Chicago, IL, USA; Weatogue, Simsbury, CT, USA
Job ID: liberty_mutual-2024-65420-en_4
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Long-Term Disability
    • FSA
    • HSA With Employer Contribution
    • HSA
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Mental Health Benefits
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Happy Hours
    • Snacks
    • Company Outings
    • On-Site Cafeteria
  • Vacation and Time Off

    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Volunteer Time Off
  • Financial and Retirement

    • Performance Bonus
    • Pension
    • 401(K) With Company Matching
    • 401(K)
    • Financial Counseling
  • Professional Development

    • Mentor Program
    • Promote From Within
    • Learning and Development Stipend
    • Tuition Reimbursement
    • Internship Program
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Access to Online Courses
    • Lunch and Learns
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)

Company Videos

Hear directly from employees about what it is like to work at Liberty Mutual Insurance.