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.
Description
The Small Commercial (SC) Market Analytics team within US Retail Markets is seeking an Actuary to lead the process of formulating our market-level rate guidance strategy and tactics. This work is a critical part of setting the annual Plan and in supporting short- and long-term state business strategy. In this role you will work closely with SC State Product teams and with other teams in SC Risk Analytics. This role requires strategic thinking and project management, communication and collaboration skills, and a strong technical and analytical background.
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This role may have in-office requirements depending on candidate location.
Responsibilities
- During rate planning cycles, formulate a coherent set of granular rate recommendations subject to constraints that also meet our countrywide rate level needs.
- Use appropriate actuarial methods to align market-level rate indications with expected filing timelines and anticipated rate actions.
- Communicate with Product partners about rate guidance strategy at both a high level and in granular detail, and how the two are connected.
- Maintain and continuously improve our team's tools and processes for setting rate guidance and projecting rate into future periods.
- Develop market-specific expertise that can be applied in setting market-level guidance and recommendations.
- Carry out additional ad hoc analyses as they arise.
- Strong analytical experience in Excel.
- Experience with actuarial concepts, working either as an actuary or closely with actuaries.
- Passion for organization and strong attention to detail, while also able to see the larger picture.
- Ability to build strong cross-functional relationships.
- Bachelor's degree required; Master's degree preferred.
- Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) 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.
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 proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
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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