Liberty Mutual Global Risk Solutions is seeking an Actuary to lead loss reserving for North America Commercial Auto Liability. In this role, you will have direct accountability for $1.8 billion of reserves in a growing and challenging book of business. You will play a critical role in ensuring the integrity of the balance sheet, using your analytical talents to solve complex reserving problems, and providing insights to leaders in order to influence business decisions. You’ll work in a collaborative and dynamic work environment, across multiple functions including claims, underwriting, pricing, and finance, as well as across business units with reserving peers.
This job is able to be remote/hybrid.
The salary range posted reflects the range for the varying pay scale that encompasses each of the Liberty Mutual regions.
Responsibilities:
- Perform periodic reserve studies and ad hoc analyses; recommend appropriate reserve levels in accordance with all related Actuarial Standards of Practice.
- Produce diagnostics and leading indicators sufficient to identify changes in claims handling, business mix, and internal and external trends that can impact reserve estimates. Ensure reserve estimates are appropriately responsive to emerging developments and trends.
- Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, effectively influence key stakeholders.
- Support development of annual business plans for Auto Liability.
- Maintain clear and concise documentation of critical assumptions and work products.
- Interact with and provide actuarial technical assistance, information, and support to peers, senior managers, and others within and outside of the organization.
- Direct the development of actuarial reserving tools.
- Mentor, motivate, and train less experienced staff and peers.
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.