The Auto Analytics team within GRM Product Economics conducts critical analysis and provide recommendations to drive profitable growth in the $12B US PL Auto line of business. A key focus area for this role will be countrywide PL auto loss development trends for PL auto indications and other pricing decisions. Key responsibilities will be to monitor PL auto loss development, produce accurate PL auto profit guidance and quantitative forecasting of prospective profitability, clearly communicate internal and external trends that impact bottom-line results and recommend strategic approaches to achieve profitable growth. This role will require a strong depth of knowledge in the Auto product and industry, close collaboration with analytical teams throughout the organization, and the ability to clearly set and communicate our go-forward LOB strategy. This role will be part of a team of 5 analysts and report to the Auto Analytics manager.
Responsibilities
- Build expertise on PL auto loss development methodology and opine on ultimate selections by collaborating closely with Claims, Reserving and Product partners.
- Continuously monitor loss cost metrics (industry and macroeconomic trends, claims handling, mix impacts, emergence, etc.) by partnering with Actuarial and Claims and incorporate findings into ultimate loss estimates.
- Support the team to deliver US PL auto internal indications/profit guidance, which bring together the impacts of profitability results, trends, rate strategy and other product actions into a holistic perspective on PL auto profit health. Identify threats and opportunities, generate insights into relevant metrics, and develop and deliver recommendations to achieve and maintain target returns.
- Determine a range of reasonable outcomes given assumption uncertainty and support our pricing selections to Product leadership and stakeholders.
- Challenge existing methodologies and develop new approaches to test and enhance the accuracy of our projections.
- Design improved tools and processes to facilitate increased efficiency.
- Mentor and assist more junior team members.
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.