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 creative problem solvers in Liberty Mutual’s Insights & Solutions group harness the power of data, analytics and technology to develop innovative solutions that drive our US Retail Markets business forward and support a high-performing culture. This group brings together highly talented thinkers and doers ready to challenge the status quo and make an impact. As a member of this cross-functional group, you’ll collaborate with teams across Liberty Mutual to deliver analysis that unlocks insights and sparks new, better ways of working.
The US Retail Markets Data Science team brings together a diverse range of talent to predict future risk and what our customers will need to recover. Our data engineers write code that turns trillions of bits of information into structured data—data that our hundred-plus Data Scientists analyze with cutting-edge modeling techniques to unlock insights. From there, our tools and deployment teams ensure this data can be practically applied to business problems across US Retail Markets. Join us and be a part of this dynamic group driving industry-leading data segmentation, fueling the team’s success now and into the future.
Join the Small Commercial Product Design & Modeling department to develop industry-leading pricing and underwriting models. We pride ourselves in developing the best in class models and making the team an awesome place to work!? The Small Commercial PDM team turns DS insights into business value and partners closely with business stakeholders to expertly align risk with rate. Responsible for the price segmentation of a portfolio in excess of $4 billion, Small Commercial insurance team members of varied backgrounds execute on a wide array of critical initiatives.
Analyst roles within the team range from leaning more heavily into research to inform our product design, to directly interfacing with regulators and Profit & Loss owners. Our analysts make an impact by improving model fits, increasing the speed of model deployments, improving capabilities to test, calibrate, and monitor models, and serving as technical experts to explain our models to the broader Small Commercial organization. With opportunities for growth, mentorship, and engagement with the data science community, we offer a stimulating environment for those with a passion for technical excellence and problem-solving.
The Small Commercial Product Design and Modeling team is hiring an individual contributor to work on predictive modeling for our core programs. The ideal candidate is proactive and intellectually curious, highly technical, and can efficiently think through complex business questions independently. The role will have dual responsibilities of conducting modeling research to help enhance Small Commercial Lines while also leading the development and execution of rating & pricing models for the Specialty lines of business.
The person in this role will report to the Research and Specialty manager and also have opportunities to collaborate directly with teams in US Data Science, including Data Science Excellence and Infrastructure.
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**Level of position offered will be based on skills and experience at manager discretion.**
**This role may have in-office requirements based on candidate location.**
Job responsibilities:
Conduct Cross Lines research to improve modeling accuracy and best practices across all Small Commercial Core lines of businessIndependently build and interpret complex loss cost models for Specialty lines of business, incorporating learnings from other Business Lines as appropriateIndependently build or incorporate complex sub-models to improve accuracyExplore and utilize advanced modeling techniquesCollaborate with Delivery, Underwriting Effectiveness, and other business partners to help implement new pricing programsEnable the business to make clear tradeoffs among choices, with a reasonable view into likely outcomes.Understand the competitive marketplace, business issues, and data challenges to deliver actionable insights, recommendations and business processesEffectively communicate results in written, oral, and presentation formatsAct as a mentor and help develop less experienced analysts on the teamRegularly engage with the data science community and lead cross functional working groups.Identify new strategic opportunities for use of theoretical methods and tools.Drive innovation in the application and development of tools and practices.
The perfect candidate doesn’t exist. Apply for this role if it interests you, even if you don’t have all the skills listed!
Qualifications Broad knowledge of predictive analytic techniques and statistical diagnostics of models.Expert knowledge of predictive toolset; reflects as expert resource for tool development.Demonstrated ability to exchange ideas and convey complex information clearly and concisely.Networks with key contacts outside own area of expertise. Ability to establish and build relationships within the aligned functional area or SBU.Ability to give effective training and presentations to peers, management and less senior business leaders.Ability to use results of analysis to persuade team or department management to a particular course of action.Has a value driven perspective with regard to understanding of work context and impact.Competencies typically acquired through a Ph.D. degree (in Statistics, Mathematics, Economics, Actuarial Science or other scientific field of study) and a minimum of 2 years of relevant experience, a Master`s degree (scientific field of study) and a minimum of 4 years of relevant experience or may be acquired through a Bachelor`s degree(scientific field of study) and a minimum of 5+ years of relevant experience. About Us**This position may have in-office requirements depending on candidate location.**
At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.
Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion
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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