Senior Actuarial Analyst, Small Commercial Market Analytics

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 (SC) Market Analytics team within US Retail Markets is seeking a Senior Actuarial Analyst to become a key contributor in formulating our market-level rate guidance strategy and tactics. This work is a critical part of setting the annual Plan and in supporting short- and long-term state business strategy. In this role you will work closely with SC State Product teams and with other teams in SC Risk Analytics. Do you love making processes more efficient? Great! In this role, you will also take on responsibility for maintaining and developing some of the complex tools and processes we use for setting rate guidance, tracking rate execution, and projecting rate into the future.

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

Responsibilities:

• During rate planning cycles, formulate a coherent set of granular rate recommendations subject to constraints that also meet our countrywide rate level needs.
• Use appropriate actuarial methods to align market-level rate indications with expected filing timelines and anticipated rate actions.
• Communicate with Product partners about rate guidance strategy at both a high level and in granular detail, and how the two are connected.
• Maintain and continuously improve our team's tools and processes for setting rate guidance and projecting rate into future periods.
• Carry out additional ad hoc analyses as they arise.
• Develop market-specific expertise that can applied in setting market-level guidance and recommendations.

Qualifications

• Proven math and analytical skills, as normally acquired through the pursuit of a bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field
• Commitment to achieving Fellowship in the Casualty Actuarial Society.
• Passing grades on a minimum of 5 Casualty Actuarial Exams is required. Minimum 3-5 years relevant experience required.
• Prior experience and solid knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• Solid oral and written and presentation communication skills and ability to interact effectively within and outside the organization.
• Solid interpersonal skills and the ability to work in a team environment as well as independently.
• Ability to motivate and mentor peers and motivate and train subordinates.
• Ability to exercise discretion and apply independent judgment and well-developed critical thinking skills in execution of assignments and projects.
• Ability to balance multiple projects with minimal direction.
• Advanced computing skills (MS Office Excel, SAS, etc.).
• Ability to build models of moderate complexity.

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