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Liberty Mutual

Liberty Mutual

Actuary, Personal Lines Umbrella Pricing

Actuary, Personal Lines Umbrella Pricing

Job Details
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Uploaded On
October 23, 2024
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Location
United States
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Remote?
No
Company Overview
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Headquarters
Boston, MA
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Number of Employees
45000
Estimated Number of Actuaries
627
Salary
$
117
k-$
218
k
Glassdoor Ratings
""
Recommend to a Friend
75%
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Overall Score
3.9 / 5

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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.

Description
In this role, you will be part of the team that provides full economic and analytical support and drives the profitable growth of the Personal Umbrella line. You will work closely with a wide range of stakeholders throughout the organization and provide holistic analysis-based guidance on profitability. The key responsibilities of this role are to perform Actuarial rate indications of the personal umbrella product, provide external actuarial support to Departments of Insurance, construct rate strategies, evaluate and monitor product performance, and provide other analytical services with actuarial and line-of-business expertise. As a member of the Specialty Analytics organization, you will also work with a group of talented analysts on impactful crossline initiatives and develop subject matter expertise.

**This role may have in-office requirements depending on candidate location.**

Responsibilities:
  • Produce Actuarial rate level indications for the personal umbrella insurance product.
  • Research and identify drivers of performance and trends and develop actionable rate and non-rate recommendations to drive profit improvement and profitable growth.
  • Develop line-of-business expertise for the personal umbrella product and deliver robust profitability views that reflect the latest opinions on experience, trends, and initiatives.
  • Provides Actuarial support required for rate filings.
  • Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
  • Build effective stakeholder relationships and influence decisions and actions on recommended product strategies.
  • Lead and support crossline initiatives and other ad hoc projects as necessary.
  • Proactively identify and act on method and process improvement opportunities.
  • Practice and promote analytical, documentation, and other Actuarial best practices.
Qualifications
  • 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 4-7 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.
  • Ability to exchange ideas and convey complex information clearly and concisely.
  • Ability to establish and build effective relationships within and outside the organization.
About Us
**This position may have in-office requirements depending on candidate location.**

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.

Fair Chance Notices
  • California
  • San Francisco
  • Los Angeles
  • Philadelphia
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Working at 

Liberty Mutual

Liberty Mutual is a leading insurance company in the United States that offers a wide range of insurance products, including home, auto, and business insurance. The company was founded in 1912 and has grown to become one of the largest and most respected insurance providers in the country. Liberty Mutual is known for its commitment to customer service and for providing high-quality coverage options to its policyholders. In addition to traditional insurance products, the company also offers a range of specialty coverage options and risk management solutions to meet the diverse needs of its customers. Liberty Mutual has a strong presence in the United States and has offices and operations in several other countries around the world.

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