Actuary, Personal Auto State Support

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

Personal Auto State Actuarial Support is looking for a performance-driven actuary to manage state workflow in supporting top- and bottom-line performance through various rate revisions and new program launches for the personal auto line of business. In this position, one will manage several states of their own, working with junior analysts and providing final sign-off on work products in their assigned states, as well as owning relationships with state regulators from an actuarial perspective. This position has high visibility with various Auto Analytics teams, State Management (DSOs), and state regulators. This position will report directly to me.

 

Are you looking to have a significant impact on the financial results of a Fortune 100 company? In this position, you will be part of a team whose 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 for the Personal Auto line of business, 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, you will perform analysis in pricing and product development and partner with various other functions such as state analytics, planning, rate revision, and countrywide rollout 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 position may have in-office requirements based on candidate location.**

 

In this role, you can expect to: 

• 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.

Ideal candidate will:

 

This position suits a candidate that enjoys the pricing side of actuarial work,

can manage their work independently

enjoys seeing direct impact of their work in market.

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, e