Actuary (Personal Lines Specialty)

Job Category: Actuarial

Typical Starting Salary: $140,000-$170,000

Minimum Salary: $117,000.00

Maximum Salary: $225,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

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 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.
• Build effective stakeholder relationships to gain cross-functional consensus on recommended product strategies.
• Proactively identify emerging issues and boldly communicate areas of concern 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.

Fair Chance Notices:

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco