Actuary - Public Entity

Liberty Mutual Insurance • Boston, MA

8d • Hybrid

About The Position

The Middle Markets and Industry Analytics and Actuarial team is looking for an Actuary to assess the overall book profitability and growth of our Middle Markets Public Entity book of business. With $400M+ in inforce premium, this individual will support Public Entity growth and profitability goals by producing accurate, trusted, and holistic assessment of financial health and proactively identifying solutions to ensure the path to profitable growth.
This individual will be required to work closely with Underwriting, Product, and Actuarial teams. As such, the successful candidate will possess excellent analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.
If the selected candidate lives within 50 miles of a GRS office, the expectation is for the candidate to be in the office two times/week for collaboration. This policy is subject to change.

Requirements

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) 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 models.

Nice To Haves

• Strong knowledge of actuarial techniques and standards, and familiarity with related business functions (finance, underwriting, claims, legal, sales, etc.).
• ACAS or FCAS designation strongly preferred.
• Minimum 5–8 years of relevant experience.
• Advanced communication and interpersonal skills with the ability to build relationships across the organization.
• Demonstrated ability to mentor peers and develop junior staff.
• Experience in Public Entity business preferred but not required.

Responsibilities

• Lead regular LOB and segment deep dives to identify performance drivers and develop actionable rate and non rate recommendations to meet target returns.
• Identify emerging issues and variables with predictive power to improve risk segmentation.
• Own profitability for Public Entity coverages, including semiannual rate indications, rater maintenance, and segmentation enhancements.
• Provide account level pricing and modeling support to underwriters.
• Build and implement process and data improvements in collaboration with LOB teams and cross functional stakeholders.
• Support additional projects as needed, including Life Sciences, Multinational, and account segmentation scoring.

Benefits

• At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive.
• We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions.
• This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups.
• Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work.
• Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level