Senior Actuarial Analyst (Small Commercial State Actuarial Support)

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: 20 days

Application Deadline: 1/10/25

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:

The Small Commercial State Actuarial Support team within US Retail Markets Risk Analytics is seeking a Senior Actuarial Analyst to join a team whose mission is critical to both top-line and bottom-line performance.

In this position, you will support the business group's profit, growth, and operational objectives by providing external actuarial support for key filed Product initiatives for the State Auto Small Commercial lines of business including Business Owners and Workers' Compensation.

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 with our business partners and interactions with external stakeholders.

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

Responsibilities:

• Provide actuarial support for state filings with strong attention to detail and organizational skills.
• Provide analytical insight and recommendations to State Product Leaders 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 across Liberty Mutual and State Auto brands.
• Own continuous improvement of processes to ensure efficiency, accuracy, and effectiveness of external actuarial support that are quickly integrated in daily work routines.
• Query data for requests outside of base rate support and drive deep dives on an ad-hoc basis.
• Communicate effectively with external regulators in writing and verbally, to support business outcomes.

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 Associateship or 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 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 train subordinates.
• Ability to exercise discretion, apply independent judgment, and use 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:

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