Senior Actuarial Analyst or Actuary, State Pricing, Personal Lines Auto and Home
Job description
Are you looking to have a significant impact on the financial results of a Fortune 100 company? We are seeking a Senior Actuarial Analyst or Actuary who will be part of the State Pricing, Personal Lines Auto and Home team. Their mission is critical to both top-line and bottom line performance. You will support a business group's profit, growth and operational objectives by providing external actuarial support for key filed Product initiatives, including state-level rate changes, targeted rate changes, and support of various new products and programs. This involves the initial submission of actuarial justifications, and continued verbal and written negotiations with regulators throughout the objection and approval process. Strong interpersonal and communication skills are essential for communications of wins and losses to senior managers, and interactions with external stakeholders.
In this role, he/she will perform analysis in pricing and product development and partner with various other functions such as state analytics, planning, rate revision, and countrywide roll-out teams. In addition to state level assignments, we establish and promote subject matter expertise in areas such as various data sources and processes used within our group. The candidate will need to be able to provide data and analytical support for projects independently.
**This is a ranged posting for a Senior Actuarial Analyst or Actuary, level offered will be based on candidate experience, credentials and skills at manager discretion.**
**This position may have in-office requirements depending on candidate location.**
Ideal candidate will have:
- Experience working with the Department of Insurance.
- Rate-making experience.
- Experience with SAS or SQL is a plus.
- Minimum 3 years experience in an actuarial field.
- Minimum completion of 5 Casualty Actuarial Society (CAS) exams, ACAS is a plus.
Responsibilities
- Provide actuarial support for state filings for rate and other new initiatives.
- Provide analytical insight and recommendations to State Directors to inform business decisions.
- Track state-level requirements for actuarial assumptions in filings and apply them appropriately.
- Develop subject matter expertise which can be leveraged countrywide.
- Own continuous improvement of processes to ensure efficiency, accuracy, and effectiveness of external actuarial support that are quickly integrated in daily work routines.
- Queries data for requests outside of base rate support and drive deep dives on an ad-hoc basis.
- Protect intellectual property by providing information only as required or confidentially as allowed.
- Communicate effectively with external regulators in writing and verbally, to support business outcomes.
- Monitors developments in actuarial techniques; Researches laws and regulations; Analyzes developments in the marketplace. Represents the Company on industry and professional committees.
- 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 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
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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