Actuary (Personal Auto Countrywide Indications)

Job Description

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 - days

20

Application Deadline

1/31/2025

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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

Job Summary:

The US Retail Markets Personal Lines (PL) Auto Countrywide Indications team is seeking anActuaryto join a team whose mission is to help achieve target profitability for PL Auto by producing both IF and NB Indications.

This is a high visibility role, where you will play a key role in producing countrywide indications that serve as a foundation for rate guidance and overall pricing strategies. You will work closely with others across Auto Analytics and other groups, including Reserving, Claims, Product, and Finance.

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

Responsibilities:

• Create countrywide loss development projections and further enhance existing actuarial methods.
• Leverage and enhance mix model to be able to control for mix shift for indications purposes.
• Leverage internal and external information to inform both historical and projected frequency, severity, and premium trend projections.
• Serve as a subject matter expert, assisting junior analysts and peers across the organization with complex analytical tasks and fostering an environment of collaboration.
• Clearly explain the drivers behind the changes in the indications over time and its comparison to plan.
• Identify and drive forward improvements in methodologies, processes, and 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 motivate and train subordinates.
• Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.

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