What are the responsibilities and job description for the Senior Actuarial Analyst, Small Commercial Market Analytics 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.

Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.

Description

The Small Commercial (SC) Market Analytics team within US Retail Markets is seeking a Senior Actuarial Analyst to become a key contributor in formulating our market-level rate guidance strategy and tactics. This work is a critical part of setting the annual Plan and in supporting short- and long-term state business strategy. In this role you will work closely with SC State Product teams and with other teams in SC Risk Analytics. Do you love making processes more efficient? Great! In this role, you will also take on responsibility for maintaining and developing some of the complex tools and processes we use for setting rate guidance, tracking rate execution, and projecting rate into the future.

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

Responsibilities :

During rate planning cycles, formulate a coherent set of granular rate recommendations subject to constraints that also meet our countrywide rate level needs.

Use appropriate actuarial methods to align market-level rate indications with expected filing timelines and anticipated rate actions.

Communicate with Product partners about rate guidance strategy at both a high level and in granular detail, and how the two are connected.

Maintain and continuously improve our team’s tools and processes for setting rate guidance and projecting rate into future periods.

Carry out additional ad hoc analyses as they arise.

Develop market-specific expertise that can be applied in setting market-level guidance and recommendations.

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 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 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

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

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Senior Actuarial Analyst, Small Commercial Market Analytics

What are the responsibilities and job description for the Senior Actuarial Analyst, Small Commercial Market Analytics position at Liberty Mutual Insurance?

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