Actuary, Personal Lines Specialty

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

In this role, you will be part of the team that provides full economic and analytical support and drives the profitable growth of the $2B Personal Lines Specialty Portfolio. You will work closely with a wide range of stakeholders throughout the organization and provide holistic analysis-based guidance on profitability. The key responsibilities of this role are to coordinate and provide external actuarial support for CA, own and provide recommendations on Specialty cross-line topics (Planning, Expenses, Data, and Rate), evaluate and monitor cross-line metrics, perform various cross-line analyses, and provide other analytical services with actuarial and cross-line expertise. As a member of the Specialty Analytics organization, you will also work with a group of talented analysts and develop various skills including strong leadership and influence capabilities.

 

**This role may have in-office requirements dependent on candidate location.**

 

Responsibilities:

• Build state specific expertise as the CA Specialty Actuary to provide actuarial support for rate and other initiative filings, recommend filing and objection strategies, manage filings timelines and prioritization across Specialty, and collaborate with lead lines.
• Advocate for Specialty throughout all levels of the organization and serve as a subject matter expert on various cross-line topics (Expenses, Rate, Data, Planning).
• Run quarterly diagnostics for Specialty coordinating with the larger Specialty organization and opine on State Growth vs. Profitability and NB vitality metrics.
• Perform analyses that span across multiple Specialty lines and develop actionable recommendations to drive profit improvement, profitable growth and household strategies.
• Builds effective stakeholder relationships to gain cross-functional consensus on recommended product strategies.
• Proactively identifies emerging issues and boldly communicates areas of concerns that need to be addressed by leadership across Product and other functions, including Actuarial, Finance, Claims and Distribution.
• Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
• Proactively identify and act on method and process improvement opportunities.
• Practice and promote analytical, documentation, and other Actuarial best practices.

Qualifications

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience.
• Minimum 5-7 years relevant experience required.
• Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
• Ability to motivate and mentor peers and motivate and train subordinates.
• Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.

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, 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 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 bette