Actuarial Analyst- Major Accounts Segment Support

Liberty Mutual Insurance•Boston, MA

About The Position

North America Actuarial and Analytics is seeking an Actuarial Analyst to join our Underwriting Support team, supporting the Risk Management and Healthcare segments. In this role you will perform account- and portfolio-level analyses to deliver meaningful insights to underwriters and business leaders, support pricing model updates through impact and dislocation analysis, and develop tools that inform underwriting and pricing strategies for our Major Accounts. You will collaborate closely with underwriting, product, actuarial, and data systems partners to help drive profitability and growth. We’re looking for a highly motivated, detail-oriented self-starter with strong analytical and technical skills who thrives in a collaborative work environment. This position offers opportunities to deepen your expertise in casualty insurance pricing, impact analysis, and portfolio monitoring while also working close to the business and influencing strategic decisions.

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.
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

Intermediate R, SQL, SAS, or Python programming for data analysis and tool development preferred.

Responsibilities

Own account-level pricing support for major accounts, serving as the subject-matter expert for underwriters on actuarial pricing models.
Partner with the Office of Underwriting, Field UW, Finance, Product Management, and Actuarial teams to support portfolio monitoring and ad hoc analyses.
Analyze trends, mix shifts, and performance drivers; summarize key insights and implications.
Build and enhance analytical tools that inform pricing and portfolio monitoring, managing development through successful implementation.
Identify opportunities to streamline processes and improve analytical outputs.
Present clear, actionable findings to business partners, managers, and senior leadership; tailor communication to technical and non-technical audiences.
Develop and deliver training materials and sessions to ensure effective use of pricing and reporting tools and awareness of model changes and pricing updates.
Engage directly with underwriters to facilitate understanding of risk and actuarial pricing models.
Collaborate within the pricing team to share knowledge, brainstorm solutions, and solve problems.
Develop and maintain working knowledge of casualty data, systems, and processes.
Maintain status in Actuarial Development Program.
Positive progress towards pursuing and passing of required actuarial exams.