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Liberty Mutual

Liberty Mutual

Actuary-Reserving (remote)

Actuary-Reserving (remote)

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Job Details
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Uploaded On
July 17, 2024
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Location
Boston, Massachusetts, United States
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Remote?
Yes
Company Overview
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Headquarters
Boston, MA
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Number of Employees
45000
Estimated Number of Actuaries
627
Salary
$
138
k-$
193
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

Corporate Actuarial Reserving is seeking an inquisitive and innovative Actuary to act as an internal consultant by providing independent and well-reasoned perspective on and quantification of the most pressing and difficult reserving problems faced by Liberty Mutual. This is a high visibility role where the successful candidate will present business insights to senior actuaries across the organization and prepare materials for the Corporate Chief Actuary to use in quarterly meetings with Executive Leaders for the purposes of influencing business decisions. The position provides exposure to all lines of business. Primary responsibilities include demonstrating thought leadership in the execution of second opinion Actuarial reserve studies and the development of reserve monitoring tools, so that Senior Management can take accelerated action. The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

 

Responsibilities:

  • Partner with Strategic Business Unit teams (Actuarial, Claims, Underwriting) to understand impacts of initiatives, book of business mix shifts and external environment changes for the purpose of incorporation into reserve analyses.
  • Provide thought leadership in conducting second opinion reserve reviews with an eye to generating business insights.
  • Clearly communicate results and methods to Corporate and Business Unit management for the purpose of influencing the business.
  • Maintain clear and concise documentation of methods and activities.
  • Develop effective tools for monitoring internal and external indications.
  • Build and implement process improvement initiatives.
  • Manage ad hoc projects, collaborating with team members.
Qualifications
  • Bachelor's degree required; Master’s degree preferred.
  • Minimum 5-7 years relevant experience required along with Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS)
  • 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.
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.

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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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