Manager, Actuary, Homeowner State Deep Dive Analytics

Liberty Mutual Insurance•Boston, MA

17d

About The Position

Are you looking to have a significant impact on the financial results of a Fortune 100 company? As the manager of the State Deep Dive team within Homeowner (HO) State Analytics, you will play a critical role in monitoring, evaluation, and strategic/tactic consultation for Personal Line Homeowners to accomplish profitable growth in our large complex states. Your team will be responsible for assessing the profitability of programs/products and growth opportunities of our HO books in these states, partnering with other HO Analytics subject matter experts to ensure Risk Analytics insight and deliverables account appropriately for unique state features, as well as collaborating with State Management team to gain deeper knowledge of the complex states and develop effective and tailored state long-term strategies and short-term levers. This role will manage four talented actuaries/analysts overseeing advanced actuarial analyses in pricing, underwriting, and operational monitoring. Success in this role will require developing a strong depth of knowledge in HO products, pricing and non-rate levers to achieve profitable growth, competitor landscape, regulatory constraints, and industry trends. This role will involve broad collaboration with analytical teams throughout the organization, strong communication skills to share insights and gain buy-in with other functional areas (e.g. other HO Analytics teams, State Management, Underwriting, US Data Sciences, Finance, Claims, Distribution), and opportunities to present to senior management. This is an exciting opportunity where your work will greatly influence state-level strategies, decision-making and contribute to Liberty’s goal of being a top 3 Global P&C Insurer. This role may have in-office requirements dependent upon candidate location.

Requirements

Bachelor's degree required; Masters degree preferred.
Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred.
5-10 years progressively responsible experience, including supervisory experience.
Ability to foster teamwork and relationships across organizational line.
Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization.
Advanced decision making, problem solving and analytical skills.
Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences.

Responsibilities

Perform advanced actuarial analyses in the following areas: valuation/reserving, pricing, product development, research/support, business planning and finance.
Manage the process by which we set peril-specific base rates for each of our states, brands, and programs.
Review and share state specific insights and assumptions to refine actuarially sound and customized indications for Home new and renewal books in the large complex states
Develop, track and utilize appropriate actuarial techniques and methodologies to forecast profitability at the state level to account for state-specific considerations while aligning with countrywide guidance.
Develop a deep understanding of the complex states in various aspects that contributed to the success of the whole state operations and underwriting economics, pursuing ad-hoc projects as needed to help support evaluation of state levers in underwriting, marketing, digital platform, distribution channel, and geographical risk management.
Independently identify, research and address knowledge gaps in our understanding of state unique market and regulatory environments, develop expertise, and document insights, methodologies and processes.
Collaborate with Actuarial, Finance, Claims, Product, Data & Modeling, Product Design, and other teams in Risk Analytics to assess and improve profitability positions in the complex states, leverage information from partners to assess the performance and impacts of new programs and product enhancements in these unique markets.
Understanding our business competitiveness and pricing accuracy across various segments in these states; highlight states/segments that are performing better/worse than expected based on key metric assumptions and state features.
Communicates findings and emerging trends to stakeholders, makes effective action recommendations and provides state profit and growth tactics insights.
Attract, select, manage, and develop talent, considering individual styles, strengths, and career objectives.