Actuary
Description
Liberty Mutual, North America Actuarial & Analytics, Property Pricing Design & Analysis - Actuary
Job Summary:
North America Specialty Property Pricing is looking for an Actuary to advance the pricing of Majors Inland Marine business. Responsibilities span over several product lines, including Builders Risk, Contractors Equipment and other specialty Marine products. In this role, you will drive the business segment's profit, growth, and operational objectives by performing actuarial analyses for these growing and evolving lines of business. You will be responsible for traditional actuarial rate making analysis, including rate indications, profit reviews and new product pricing & filings, along with ratings, system deployments and improving pricing sophistication. This position will act as a direct support for the Property segment leaders, helping drive the strategic vision through partnerships with a variety of internal customers, including DSS, Product, Reserving and systems groups. Role requires a highly organized, self-motivated individual with strong technical skills as well as collaboration & communication. Ideal candidate will have Property, DOI engagement, systems engagement and coding expertise.
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Responsibilities:
- Act as trusted advisor and direct partner to Property segment leaders & teams.
- Build deep expertise and insight into Marine portfolios and data.
- Ownership of pricing models filed rating algorithms, data and processes.
- Oversee annual indication & profit review process for influencing pricing levels.
- Provide insights necessary to support the effective use of rating models & areas of opportunity.
- Review, revamp and/or create rate change methods & processes for individual segments.
- Directly support pricing requirements for new products and coverages, including rate filings.
- Collaborate cross-functionally to achieve business objectives and meet field demands.
- Support product ratemaking, underwriting and operations with data driven analytics.
- Translates the vision and strategic priorities of Majors P&M into impactful projects that enable underwriters to effectively select and price risks.
- Develops and revises strategic and tactical plans as necessary to meet segment objectives and respond to environmental changes.
- Partners closely with Property Segment Support lead to influence pricing strategy & execution.
- Identifies data requirements for analysis, tool development, reporting and decision making
Qualifications:
- Bachelor's degree required. Insurance designations desirable.
- Minimum 5-7 years relevant experience required.
- Associateship/Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation required, or comparable actuarial education combined with relevant experience.
- Strong analytical skills with solid understanding of actuarial techniques and assumptions.
- Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
- Specialty Property knowledge or Marine lines experience preferred.
- Strong technical skills and tool building capabilities (R, Python or other coding expertise is preferred)
Pay Philosophy: 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.
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers.
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.
Fair Chance Notices
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- Philadelphia
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Perks and Benefits
Health and Wellness
- Long-Term Disability
- FSA
- HSA With Employer Contribution
- HSA
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Mental Health Benefits
Parental Benefits
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Adoption Leave
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Happy Hours
- Snacks
- On-Site Cafeteria
- Casual Dress
- Holiday Events
Vacation and Time Off
- Personal/Sick Days
- Paid Holidays
- Paid Vacation
- Volunteer Time Off
- Leave of Absence
Financial and Retirement
- Performance Bonus
- 401(K) With Company Matching
- Financial Counseling
Professional Development
- Mentor Program
- Promote From Within
- Learning and Development Stipend
- Tuition Reimbursement
- Internship Program
- Associate or Rotational Training Program
- Access to Online Courses
- Lunch and Learns
- Shadowing Opportunities
Diversity and Inclusion
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