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Actuary, USRM Small Commercial Planning & Monitoring

AT Liberty Mutual Insurance
Liberty Mutual Insurance

Actuary, USRM Small Commercial Planning & Monitoring

Boston, MA / Remote

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 Small Commercial Planning & Monitoring team within US Retail Markets Risk Analytics is seeking a senior actuarial assistant. This role is responsible for cross-line work across the Liberty Mutual and State Auto books, including setting prospective frequency and severity trends for multiple lines of business, providing high-level loss monitoring and insights in monthly settings, and informing the loss plan. You will get exposure to many lines of business and the opportunity to work on and enhance analytics and tools that are valuable to our stakeholders. You will work closely with others across the Planning & Monitoring team and in other groups, including Risk Analytics, Finance, and Small Commercial Product.

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This position is a ranged posting, grades 16-18. Position offered will be based upon candidate experience.

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

Responsibilities:
  • Own Workers Compensation (WC) frequency and severity trend analyses and quarterly loss forecasts.
  • Update, enhance, and expand monitoring tools and reports, such as accident year reports, large loss tracking, and case adequacy monitoring.
  • Build and enhance upon the General Liability (GL) frequency projection.
  • Serve as the subject matter expert and point of contact for partners on assigned lines, WC and GL.
  • Analyze and present findings on LOB performance vs forecast, highlighting various metrics and presenting out to wide audiences in monthly MORs and other settings.
  • Build and enhance upon the State Auto brand analyses and monitoring for the WC and GL lines.
  • Work collaboratively and share critical findings with key partners in Indications, Reserving, Claims, and other partner groups.
  • Identify and drive forward improvements in processes, files, and data.
  • Work on other cross-line special projects and requests.
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 analysis.
About Us
This position may have in-office requirements depending on candidate location.

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.

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

Client-provided location(s): Boston, MA, USA; Seattle, WA, USA
Job ID: liberty_mutual-2024-66297-en_1
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

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