The Actuarial Planning, Performance, and Portfolio Management team has an exciting opportunity for an Actuary to work in the Planning function! This role will provide opportunities for you to expand your knowledge of diverse insurance products, collaborate with colleagues across various groups, gain big picture awareness of financial metrics, and influence prospective loss ratio Plans. As an Actuary on the Planning team, you will conduct independent reviews of Plan loss ratios, identify risks to Plan across GRS business segments, and coordinate the assembly and delivery of key information to leaders and stakeholders. This is also an opportunity to play an important role in helping to advance our capabilities and influence as we continuously improve the GRS Planning process. The work is rewarding and critical to setting strategic direction for GRS. Candidates should be independent and motivated, organized, have strong communication skills, and be comfortable challenging other actuaries.
The salary range posted reflects the range for the varying pay scale that encompasses each of the Liberty Mutual regions.
Responsibilities:
- Conduct independent reviews of Plan loss ratios for GRS Planning classes, assess a variety of internal assumptions and supplementary analyses/information, and document support for selections
- Build relationships with local Planning actuaries; drive discussions, challenge assumptions, explain your alternative approach and rationale if applicable, and work together to minimize differences of loss ratio opinion
- Collaborate with other teams within GRS to leverage existing work, and drive consistency in data and methods
- Aggregate information across GRS for management views, Planning presentations, and data insight that will support actuarial analyses within and outside of the team
- Proactively identify opportunities to strengthen our team’s output, including building and enhancing tools and methods for Planning and related processes
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.
Working at
Liberty Mutual
Liberty Mutual is a leading insurance company in the United States that offers a wide range of insurance products, including home, auto, and business insurance. The company was founded in 1912 and has grown to become one of the largest and most respected insurance providers in the country. Liberty Mutual is known for its commitment to customer service and for providing high-quality coverage options to its policyholders. In addition to traditional insurance products, the company also offers a range of specialty coverage options and risk management solutions to meet the diverse needs of its customers. Liberty Mutual has a strong presence in the United States and has offices and operations in several other countries around the world.