GRM Actuarial Reserving is seeking a senior actuarial analyst who, under general direction, will be responsible for implementing various actuarial analyses, programs, and procedures to support the formulation of reserving recommendations regarding Personal and Business Lines products. This person will communicate findings to actuaries and management and provide support to actuaries by performing reserve analysis within designated business segments to assist business decision making, financial planning, and strategy development. A successful candidate possesses strong analytical, critical thinking, and communication skills and is able to, under general direction, synthesize information from multiple sources to piece together a clear, cohesive reserve opinion to present to senior leadership. Travel maybe up to 10%.
Responsibilities:
- Provide support to actuaries and others by performing segment reviews and deep dives for areas of concern, working collaboratively with Claims and Product to identify and quantify risk to reserve opinions.
- Produce and present quarterly reserving analyses to Chief Actuaries; maintain and update reserving templates.
- Collaborate with Cross-Line team to develop innovative and streamlined monitoring tools to provide quick and granular insights by LOB.
- Assist in building and implementing process improvement initiatives in collaboration with line of business teams and cross-functional stakeholders.
- Assist with planning work including leading Baseline and Cash Flow selections.
Qualifications
- Proven math and analytical skills, as normally acquired through the pursuit of a bachelors degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
- Commitment to achieving 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.
Job Specifications:
Reference: 2023-53822
Category: Actuarial
Primary Location: Boston, MA
Additional Locations: Remote
Schedule: Full-Time
Salary: USD-$103,300.00-–-$146,700.00-/-Year
Education Level:
Travel: As Needed
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.