What are the responsibilities and job description for the Director, Actuary position at Liberty Mutual Insurance?
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
Job Summary :
North America Actuarial & Analytics is looking for an innovative actuarial leader to advance General Liability pricing for a $900M book of business. In this position, you will own the end to end pricing strategy, including rate indications and pricing model development for Primary General Liability. You will serve as the actuarial subject matter expert and provide thought leadership alongside underwriting, product, and actuarial experts to develop new ideas to improve pricing sophistication and process throughout North America General Liability including evaluation of pricing and supporting models that effectively and efficiently differentiate risk.This role will influence a wide group of underwriting organizations through effective communication of their analytical insights and to ensure effective underwriter use of models. In addition, this role has direct responsibility to support the Specialty Casualty primary underwriting group, including evaluation of strategic direction. Successful candidates will collaborate effectively across varied groups to drive actions and consistency where
warranted.
Responsibilities :
- Work across functions to lead complex and creative actuarial pricing analyses for primary General Liability
- Owns end-to-end General Liability pricing and sought out as a subject matter expert
- Performs actuarial analyses for North America General Liability and makes recommendations concerning valuation / reserving, pricing, product development, research / support, business planning, finance or other business area; May prepare and interpret the data used to support rate filings with state departments of insurance.
- Thought partner to the Specialty Casualty primary leadership; fosters partnerships across the North America organization to improve primary General Liability profitability
- Collaborate effectively across casualty teams to deliver a consistent approach to pricing accounts
- Manages or participates in studies that underlie actuarial assumptions and are designed to improve risk selection and pricing including but not limited to rate indications, increased limits analysis and predictive models
- Provides consultation to senior leaders and other groups on issues such as pricing, rates, and related matters, the development and use of pricing models / tools, business planning, contingency plans, or other financial studies.
- Foster partnerships across the North America organization to improve General Liability profitability
- Monitors and analyzes financial results in order to communicate the impact of strategic and operational plans. Develops and revises strategic and tactical plans as necessary to meet corporate objectives and respond to environmental changes.
- Identifies data requirements for analysis, tool development, reporting and decision making; Ensures the organization uses it effectively to reach profit and growth objectives.
- Partner with IT and Data Science Solutions to implement pricing models
- Manages a staff of 4-6 individual contributors
Qualifications
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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