Description
The US Retail Markets (USRM) Personal Lines (PL) Auto Analytics team is seeking a Manager, Actuary to lead our Auto State Indications team. The team will help manage auto products that account for over $11B in premium each year. Responsibilities include the development of accurate state-level indications, close partnership with Auto State Management to understand aspects of the state-specific environment that would impact profitability, and gaining buy-in by helping partners understand their analysis. Their work will help drive appropriate state actions across USRM and ultimately contribute to our goal of delivering target profitability in every state. This position will report directly to the PL Auto State Actuarial Support Director and will lead a team of 4-5 direct reports.
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The successful candidate must have excellent analytical and problem-solving skills and experience managing moderate to complex projects. They will also have strong technical as well as verbal and written communication skills and the ability to explain their work in non-technical (business) contexts. There will be a significant level of interaction with other functional areas (e.g., State Management, Countrywide Indications, and State Analytics).
This position may have in-office requirements dependent on candidate location.
Responsibilities:
- Creates loss development projections by state.
- Leverages internal and external information to inform both historical and projected frequency, severity, and premium trend projections.
- Gathers feedback on the state environment from State Management and other partners.
- Evaluates and controls for non-rate initiatives and state mix shift.
- Clearly explains relationship between the indication and actual loss experience, changes in the indication over time, helps gain buy-in for its accuracy so that it can be used to drive decisions in market.
- Create a culture of innovation to build and enhance models, analysis, and tools, as well as create efficiencies in our processes.
- Model inclusiveness by living our Values, fostering an inclusive culture, and proactively seeking out all forms of diversity.
- Develop talent by building and elevating capabilities within the team, including development and talent evaluation and forming resilient teams that can attract talent with wide backgrounds that contribute to diversity of thought.
- Minimum of 5 years of progressively more responsible experience in an analytically driven environment
- Strong organizational skills and ability to adapt well to the changing needs of the organization. Solid understanding of all casualty actuarial techniques, standards and assumptions.
- Proven ability to communicate technical concepts to broad audiences.
- Solid interpersonal and communication skills required to establish and build effective relationships within and outside the organization.
- Demonstrated commitment to Liberty's Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion.
- Bachelor's degree required; Masters degree preferred.
- Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred.
- 5-10 years progressively responsible experience, including supervisory experience.
- Ability to foster teamwork and relationships across organizational line.
- Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
- Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization.
- Advanced decision making, problem solving and analytical skills.
- Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences.
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.
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