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Liberty Mutual

Liberty Mutual

Senior Actuarial Analyst

Senior Actuarial Analyst

Job Details
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Uploaded On
September 17, 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
$
92
k-$
166
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
There is a strong preference for the selected candidate to live in the EST.

  • Supporting pricing for US Financial Lines and Mortgage profit centers.
  • Portfolio analysis: in-depth reviews of the portfolio's composition and profitability; participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction; clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel
  • Rating models: maintenance and enhancement of existing models and development of new models as necessary, including periodic data-driven reviews of pricing parameters
  • Develop a consistent set of monitoring tools to assess the profitability of the business with a goal to provide timely and actionable insights
  • Integration of analytical models into actuarial analyses to drive business profitability
  • Participation in the reinsurance placement process as necessary
  • Responding to ad hoc analysis requests from Underwriting, Claims, IT, and senior management
  • Retrieves, understands and manipulates data as it relates to assigned and related projects while maintaining clear and concise documentation of methods and activities.
  • If applicable, positive progress towards pursuing and passing of required actuarial exams.
Qualifications
  • Proven math and analytical skills, as normally acquired through the pursuit of a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
  • Commitment to achieving Associateship or 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.
About Us
**This position may have in-office requirements depending on candidate location.**

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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.