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.

This role will assist the Corporate Enterprise Insights and Collaboration function within Corporate Actuarial. The scope covers all actuarial areas other than reserving, with broad responsibilities related to pricing, planning and complex analyses.  In this role, a person is tasked with considering challenges and opportunities from a total Liberty viewpoint and then working with counterparts across the organization to provide analysis and recommendations to Liberty senior leaders, including the Corporate CFO, Chief Corporate Actuary, and others.  The person in this role will engage with not only fellow actuaries but also finance and planning teams, reinsurance purchasing teams, and capital management teams across Liberty.  While there will be some recurring work, most of the assignments will be more of one-off consulting-type projects.

At the enterprise level, the function drives consistency of actuarial assumptions relating to planning and profitability across the business units of Liberty Mutual.  Pricing responsibilities include reviewing class loss ratios in collaboration with corporate reserving, developing views on rate change and adequacy, and evaluating mix changes. Planning responsibilities include identification of key segments for independent review and coordinating key assumptions and methodologies used for loss ratio planning across business units. 

Optimally, a candidate has had exposure to both traditional and non-traditional roles within an insurance company environment, such as capital allocation or interactions with underwriting or accounting functions.  A candidate should expect to regularly be asked to perform independent research to find relevant internal and external data and synthesize information from multiple sources into a cohesive work product. The successful candidate will possess strong analytical and communication skill as well as a demonstrated ability to execute thoroughly in a collaborative environment. 

Responsibilities:

• Act as project manager on enterprise-wide projects within Corporate Actuarial.
• Act as project manager on collaborations between operating units and across SBUs, i.e. documentation and reconciliation of pricing and planning assumptions.
• Perform independent reviews for key planning segments and appropriateness of key assumptions and methodologies used for loss ratio planning.
• Perform studies to assess profitability of segments and classes ensuring consistency and reasonableness of assumptions.
• Support evaluations of Corporate reinsurance programs
• Monitor emerging trends that might have an impact on the P/C insurance industry in general and Liberty Mutual in particular.
• Stays abreast of competitors’ pricing strategies and methodologies.
• Clearly communicate results and methods to Corporate and SBU management
• Maintain clear and concise documentation of methods and activities.

Please note this posting is open to multiple locations or remote. Compensation will vary based on location, experience and education. 

• Bachelor’s degree required.
• Minimum of 5-7 years relevant experience along with ACAS or FCAS designation.
• 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 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, PowerPoint.

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion

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.