The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
DescriptionThe Small Commercial Indication team within US Retail Markets is currently searching for an Actuarial Analyst to play a crucial role in developing Umbrella Indications. This work is essential for understanding the profitability of the book and supporting business strategies. Additionally, you will have the opportunity to build and enhance our granular profitability database. The database serves as a foundation for partnering with other internal teams, enabling you to drive insightful analysis. This position offers an exciting opportunity to leverage your communication skills in sharing indication results, analytics skills on the indications, and coding skills in building the database. You may also have the opportunity to work on Commercial Auto, as this position is on the Auto and Umbrella indication team.
** This role may have in-office requirements depending on candidate location.**
Responsibilities:
Drive Small Commercial Umbrella indication process and deliver results to senior leadership and product partners.Conduct LDF and trend analysis, and deep dives on profitability drivers to better understand indication results.Maintain and continuously improve rate indication processes and checks.Write, maintain, and improve code for granular database.Partner with other teams on profitability and trend insights. Qualifications 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 Fellowship 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 skillsAbility to build simple models; Programming skills are desirable. About Us
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
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
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
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