Senior Actuarial Analyst (Small Commercial Market Analytics)

Job Description

Job Category

Actuarial

Typical Starting Salary

$108,000-$135,000

Minimum Salary

$92,000.00

Maximum Salary

$176,000.00

Schedule

Full-Time

Flexible Time Off Annual Accrual - days

20

Application Deadline

1/24/25

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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

TheSmall Commercial (SC) Market Analytics teamwithin US Retail Markets is seeking aSenior Actuarial Analystto become a key contributor in formulating our market-level rate guidance strategy and tactics. This work is a critical part of setting the annual Plan and in supporting short- and long-term state business strategy. In this role you will work closely with SC State Product teams and with other teams in SC Risk Analytics. Do you love making processes more efficient? Great! In this role, you will also take on responsibility for maintaining and developing some of the complex tools and processes we use for setting rate guidance, tracking rate execution, and projecting rate into the future.

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

Responsibilities:

• During rate planning cycles, formulate a coherent set of granular rate recommendations subject to constraints that also meet our countrywide rate level needs.
• Use appropriate actuarial methods to align market-level rate indications with expected filing timelines and anticipated rate actions.
• Communicate with Product partners about rate guidance strategy at both a high level and in granular detail, and how the two are connected.
• Maintain and continuously improve our team’s tools and processes for setting rate guidance and projecting rate into future periods.
• Carry out additional ad hoc analyses as they arise.
• Develop market-specific expertise that can applied in setting market-level guidance and recommendations.

Qualifications

• Proven math and analytical skills, as normally acquired through the pursuit of a bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field
• Commitment to achieving 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.

Fair Chance Notices

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 allemployees 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 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/BenefitsLiberty 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.Fair Chance Notices

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