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

Corporate Actuarial Reserving is looking for an Actuarial leader to drive best in class reserving across the enterprise. This senior management position will focus on our mission to protect the health of the Company's balance sheet by pushing the reserving frontier with companywide, actionable insights and spearheading the identification of risk areas using a forward-looking mindset. In recent years COVID, elevated economic inflation, the impacts of legal system abuse and operational disruptions have elevated the risk of material reserve development. In strong partnership with the business units, the successful candidate will ensure we not only account for the changing environment in reserving analyses but that we also use the results of our work to impact critical business decisions.Responsibilities Oversee adequacy and consistency of reserves across LM through objective and independent reserve reviewsDevelop frameworks and cultivate actionable insights on matters that have enterprise-wide impactsDrive reserving innovation through the research and application of alternative methods and approaches to address existing and potential opportunitiesInfluence key strategic decisions related to reserving through compelling, targeted and comprehensive communications around reserve analysis resultsCollaborate with reserving teams across the company to connect related work, identify reserving themes and share best practices Develop strategies around comprehensive monitoring to efficiently highlight emerging trendsLead cross-business unit and cross-functional projects that significantly impact the Company’s decisions around reserve levels Lead cross-business unit and cross-functional projects that set standards and expectations regarding how we measure and monitor macro events that impact reserving

Qualifications

FCAS with at least 10 years of progressively increasing experience in actuarial roles; reserving and supervisory experience preferredBroad knowledge of personal, commercial and specialty insurance; experience with non-US business and reinsurance preferredExperience building consensus and executing on change with cross-functional teamsAdvanced decision making and problem-solving skillsExceptional team building and employee development skillsTrack record of forming trusted relationships with business leadersDemonstrated experience providing proactive guidance to drive business valueExcellent written and verbal communication skills; ability to tailor messaging to diverse audiencesAdheres to the highest standards of personal and professional integrity

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: 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: 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.Job SummaryID: 2024-63482Position Type: Full-TimeMinimum Salary: USD $152,900.00/Yr.Maximum Salary: USD $267,600.00/Yr.Typical Starting Salary: $182,000 - $215,000Flexible Time Off Annual Accrual - days: 25