Actuary (Personal Auto Liability State Reserving)

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 for this role reflects the competitive labor market value for all employees in these positions across the national market.

It 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:

The US Retail Markets Reserving (USRM) team is seeking a highly motivated Actuary for our new Personal Auto Liability State Reserving team. In this position, you will have significant business impact by performing state level reserve analyses for key states.

You will work closely with Claims, Analytics and State Management to understand key areas of risk and trends for complex states. You will perform in-depth state reserving analyses leveraging a variety of reserving methods including claim-level models.

Your work will help drive better loss and ALAE accuracy at the state level and ultimately contribute to our USRM goal of accurate state level P&Ls. This position will report directly to the Personal Lines Auto State Reserving Manager.

A successful candidate must excel at solving complex analytical problems, have good business judgment and influencing skills, and possess the ability to explain such work in business contexts.

*This position may have in-office requirements depending on candidate location.*

Responsibilities:

• Perform complex state-level reserve analysis and present findings and recommendations.
• Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, and on cross functional teams.
• Maintain clear and concise documentation of methods and activities.
• Interact with and provide actuarial technical assistance and information to peers, senior managers, and others within and outside of the organization.
• Mentor, motivate, and train less experienced staff and peers.
• Direct the development of actuarial tools.

Qualifications:

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) 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 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

Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. We seek to create an environment where employees can succeed, both professionally and personally.

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.

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.