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.
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.
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
