Actuarial Analyst, Actuarial Development Program

Liberty Mutual Insurance•Boston, MA

2d•$75,000 - $140,000

About The Position

This is an exciting opportunity to join our rotational Actuarial Development Program as an experienced professional! In this role, you will be a key piece of the team that provides full economic and analytical support and drives the profitable growth of the multi-billion personal specialty lines of business. Specifically, you will lead the actuarial work of the newly launched Pet Insurance line by working closely with a wide range of stakeholders throughout the organization. The key responsibilities of this role are to perform actuarial rate indications of the pet insurance products, provide external actuarial support to Departments of Insurance, construct rate strategies, evaluate and monitor product performance, and provide other analytical services with actuarial and line-of-business expertise. As a member of the Specialty Economics organization, you will also work with a group of talented analysts on impactful crossline initiatives and develop subject matter expertise. This position may have in-office requirements dependent upon candidate location.

Requirements

The person hired into this role will become a part of our Actuarial Development Program and will rotate within the first two years of hire as part of the Development Program. A requirement of this program is to make positive progress towards achieving ACAS/FCAS.
As an Actuarial Development Program participant, you’ll be a valued member of a collaborative community of actuarial teammates. In this entry-level rotational program, you’ll complete two rotations across a variety of disciplines, including reserving, pricing, modelling, and analytics. This role will count as your first rotation.
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 Associateship in the Casualty Actuarial Society.
Passing grades on a minimum of 2 Casualty Actuarial Exams is required (MAS I, MAS II, Exam 5, Exam 6).
Minimum 2-4 years relevant experience required.
Prior experience and knowledge of basic actuarial techniques and standards and insurance operations.
Solid oral and written and presentation communication skills.
Solid interpersonal skills and the ability to work in a team environment as well as independently.
Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments.
Ability to balance multiple projects with some direction.
Intermediate MS Office Excel and SAS skills
Ability to build simple models; Programming skills are desirable.

Nice To Haves

Programming skills are desirable.

Responsibilities

Maintain status in Actuarial Development Program
Produce Actuarial rate level indications for the Pet Insurance products.
Research and identify drivers of performance and trends and develop actionable rate and non-rate recommendations to drive profit improvement and profitable growth.
Provide actuarial support for pet insurance filings for rate and other new initiatives
Develop line-of-business expertise for the pet products and deliver robust profitability views that reflect the latest opinions on experience, trends, and initiatives.
Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
Build effective stakeholder relationships and influence decisions and actions on recommended product strategies.
Retrieve, understands and manipulates data as it relates to assigned and related actuarial projects.
Lead and support crossline initiatives and other ad hoc projects as necessary.
Proactively identify and act on method and process improvement opportunities.
Practice and promote analytical, documentation, and other actuarial best practices.
Positive progress towards pursuing and passing of required actuarial exams.