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Liberty Mutual

Liberty Mutual

Manager, Actuary, USRM General Liability Indications

Manager, Actuary, USRM General Liability Indications

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Job Details
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Uploaded On
May 18, 2024
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Location
Boston, 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
$
133
k-$
247
k
Glassdoor Ratings
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Recommend to a Friend
75%
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Overall Score
3.9 / 5
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
The Small Commercial indications team within USRM Risk Analytics is seeking a manager to lead the General Liability indications team. This team is responsible for rate indication, profitability, and trend analysis for Liberty Mutual and State Auto GL, including BOP 2.0 and the liability part of BOP 3.0. You will research and analyze internal and industry data to form a holistic assessment of profitability. You will drive process, method, and data improvements. You will work closely with a variety of groups, including Risk Analytics, Small Commercial Product, and the Data Office.

**This position may have in-office requirements based on candidate location.**

Responsibilities:
  • Oversee semiannual rate indication analysis, and present findings and recommendations to stakeholders.
  • Manage rate indications for both the Liberty and State Auto brands, and lead line of business methodology alignment.
  • Manage a team of 4 analysts and support their development.
  • Analyze all levers affecting profitability, including loss and exposure trend, rate levels, mix of business, large losses, claim patterns, and loss development.
  • Research industry trends, and compare indications and trends to other internal and external metrics.
  • Provide loss ratio and trend estimates in support of profit guidance and the financial plan.
  • Deliver, maintain, and enhance granular profitability database for both Liberty and State Auto.
  • Build out indications and data/analytical infrastructure to support BOP 3.0 Liability. Collaborate with other teams and provide input on topics such as rate levels and trends.
  • Lead research and development of methodology and process improvements.
  • Use line of business expertise to provide actionable guidance to the business on questions, projects, and initiatives in support of profit and growth.
  • Present to leaders on research, recommendations, and business impact.
Qualifications
  • 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
About Us
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.