Description
The Small Commercial Indication team within US Retail Markets is currently searching for a Senior Actuarial Analyst to play a crucial role in developing Auto rate indications. This work is essential for understanding the profitability of the book and supporting business strategies. In addition to indications, projects will include researching and improving methodologies, such as incorporating model updates and mix shifts. Additionally, you will have the opportunity
to build and enhance our granular profitability database. The database serves as a foundation for our indications, enabling you to drive insightful analysis, and it is shared with other internal teams. This position offers an exciting opportunity to leverage your communication skills in sharing indication results, analytics skills on the indications, and coding skills in building the database. You may also have the opportunities to work on Umbrella, as this position is on the Auto and Umbrella indication team.
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This role may have in-office requirements depending on candidate location.
Level of role offered is based off of years of experience and exams achieved at manager discretion.
Responsibilities:
- Drive Small Commercial Auto indication process and deliver results to senior leadership and product partners.
- Perform on-leveling incorporating various model versions, and continuously upgrade methodologies / process for model updates.
- Quantify mix shift impacts and incorporate in the indication.
- Collaborate with team members in LDF and trend analysis, and deep dives on profitability drivers to better understand indication results.
- Maintain and continuously improve rate indication processes and checks.
- Write, maintain, and improve code for granular database.
- Partner with other teams on profitability and trend insights.
- Provide clear and concise communication of actuarial work to technical and non-technical stakeholders.
- If applicable, positive progress towards pursuing and passing of required actuarial exams.
- Proven math and analytical skills, as normally acquired through the pursuit of a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
- Commitment to achieving Associateship or Fellowship in the Casualty Actuarial Society.
- Passing grades on a minimum of 5 Casualty Actuarial Exams is required.
- Minimum 3-5 years relevant experience required.
- Prior experience and solid knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
- Solid oral and written and presentation communication skills and ability to interact effectively within and outside the organization.
- Solid interpersonal skills and the ability to work in a team environment as well as independently.
- Ability to motivate and mentor peers and motivate and train subordinates.
- Ability to exercise discretion, and apply independent judgment and well-developed critical thinking skills in execution of assignments and projects.
- Ability to balance multiple projects with minimal direction.
- Advanced computing skills (MS Office Excel, SAS, etc.); Ability to build models of moderate complexity.
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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