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
As a Liberty Mutual Actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.
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In this position, you'll help to set and monitor against the US Retail Markets (USRM) Home Financial Plan/Reforecast for Topline (Leakage/Premium Trend, Retention, IPP) and Loss Mix. Specifically, you'll be responsible for applying actuarial and analytical techniques to execute analytical calculations, analyze the implications for the business, and take it a step further to drive impact to the business via influencing strategic direction, driving other teams to further their considerations, and improving clarity in our metrics.
This role is highly collaborative with other teams in Risk Analytics / Actuarial, Product, and Finance. It also has a high level of visibility with monthly readouts to the USRM Chief Actuary and ad hoc readouts to the Property & Specialty Chief Product Officer. Given the Financial Planning & Monitoring nature of the work, it tends to be a fast-paced team, with the results of your analysis directly influencing leadership decision-making around book-level growth and profitability focus areas.
This role may have in-office requirements based on candidate location.
Responsibilities:
- Perform complex actuarial analysis for the USRM Home line of business to assist business decision making, financial planning, and strategy development.
- Investigate Monthly business results and report out on findings and implications to USRM Chief Actuary
- Produce (roughly) quarterly Financial Plan / Reforecast analyses to forecast key metrics and report out via PowerPoints and memos on findings, selections, and implications
- Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, and on cross functional teams.
- Maintain clear and concise documentation of methods and activities.
- Interact with and provide actuarial technical assistance and information to peers, senior managers, and others within and outside of the organization.
- Mentor, motivate, and train less experienced staff and peers.
- Direct the development of actuarial tools.
- 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 analysis.
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
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