Actuary

Liberty Mutual Insurance • Boston, MA

3d

About The Position

Support the North American Specialty (NAS) Environmental business's profit, growth and operational objectives by performing advanced actuarial pricing analyses. The role will involve working closely with the Senior Actuary and Underwriters to understand drivers of business performance and develop appropriate portfolio level pricing strategies accordingly. Primary responsibilities will include completing profitability reviews, semi-annually, developing, maintaining, and enhancing rating tools, and producing a consistent set of monitoring tools to assess the health of the business. The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

Requirements

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

Responsibilities

• Portfolio analysis: in-depth reviews of the portfolio’s composition and profitability
• Rating models: maintenance and enhancement of existing models and development of new models as necessary
• Parameter studies: periodic data-driven reviews of pricing parameters
• Clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
• Participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction
• Participation in the reinsurance placement process as necessary
• Responding to ad hoc analysis requests from Underwriting, Claims, and senior management

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://www.libertymutualgroup.com/about-lm/careers/benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees