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.
DescriptionAs a Programs support actuary, you will work collaboratively with the underwriting team to enhance pricing decisions and influence strategy. This position will be focused on providing high quality analyses and effectively communicating key outcomes to support profit, growth, and operational objectives. As such, the successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a fast paced and collaborative environment.
This position may be filled as a Senior Actuarial Analyst Grade 16 or an Actuary Grade 18 based on experience.
Responsibilities:
Provide clear and concise communication of technical actuarial work both internally and externally to key programs. Thought partner to the profit center team on new/renewal strategy, product/geographical appetite, broker compensation strategy and program termination decisions. Produce semi-annual profitability reviews. Perform complex actuarial analyses to assist business decision making and strategy development. Partner across multiple functions including underwriting, finance, claims, systems and reserving to problem solve and ensure the Programs group receives necessary support. Provide training to underwriters on pricing models, profitability metrics, and other actuarial topics as needed. Provide actuarial support for new programs opportunities including risk selection, profitability review and appetite guidance, including innovative solutions to evolving non-admitted market. Qualifications 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. 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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