Manager, Actuary, USRM Reserving

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
US Retail Markets (USRM) Reserving team is seeking a highly motivated people leader to lead a new Personal Auto Liability State Reserving team. In this position, you will have significant business impact by leading a team to create state level reserve analyses and planning inputs for key states, coordinating and aligning across several functions including State Management, Personal Lines (PL) Auto Analytics, Countrywide Reserving, Actuarial Reserve Modeling, and Claims.

You will work closely with PL Auto Analytics and Auto State Management to understand key areas of risk and trends for key states, perform in-depth state reserving analyses leveraging a variety of methods including claim-level models, and communicate and gain buy-in with their state partners. Your work will help drive better loss and ALAE accuracy at the state level and ultimately contribute to our USRM goal of accurate state level P&Ls. This position will report directly to the Chief Reserving Actuary and will lead a team of 3 direct reports.

A successful candidate must excel at leading complex projects, solving analytical problems, have good business judgment and influencing skills, be comfortable owning and driving projects that receive significant visibility, and possess the ability to explain such work in business contexts. Good collaboration and communication skills are essential as there will be a significant level of interaction with other functional areas (e.g. PL Auto Analytics, State Management, Claims) as well as senior leadership.

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

Responsibilities:

• Partner closely with State Management to identify and understand key states at a granular level.
• Leverage existing data, analyses and models, as well as design new analysis to analyze state loss development.
• Clearly explain key analytical assumptions and conclusions in business terms and help gain buy-in for its accuracy so that it can be used to drive decisions in market.
• Create a culture of innovation to build and enhance analysis and tools, as well as create efficiencies in our processes.
• Model inclusiveness by living our Values, fostering an inclusive culture, and proactively seeking out all forms of diversity.
• Develop talent by building and elevating capabilities within the team, including development and talent evaluation and forming resilient teams that can attract talent with wide backgrounds that contribute to diversity of thought.

Ideal candidate will possess:

• Minimum of 5 years of progressively more responsible experience in an analytically driven environment.
• Strong organizational skills and ability to adapt well to the changing needs of the organization.
• Solid understanding of P&C actuarial reserving techniques, standards and assumptions.
• Demonstrated ability to communicate technical concepts to broad audiences.
• Solid interpersonal and communication skills required to establish and build effective relationships within and outside the organization.
• Demonstrated commitment to Liberty's Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion.

Qualifications

• Bachelor's degree required; Masters degree preferred
• Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred
• 5-10 years progressively responsible experience, including supervisory experience
• Ability to foster teamwork and relationships across organizational line
• Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
• Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization
• Advanced decision making, problem solving and analytical skills
• Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences

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