Pricing Actuary (Specialty Programs)

Job Category: Actuarial

Minimum Salary: $117,000.00

Maximum Salary: $221,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Application Deadline: 1/17/2025

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:

As a Programs support actuary, you will work collaboratively with the underwriting team to enhance pricing decisions and influence strategy for numerous commercial lines in the admitted and non-admitted market.

This position will focus on providing high-quality analyses and effectively communicating key outcomes to support profit, growth, and operational objectives.

The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a fast-paced and collaborative environment.

This position may be filled as a Senior Actuarial Analyst Grade 16 or an Actuary Grade 18 based on experience.

Responsibilities:

• Provide clear and concise communication of technical actuarial work both internally and externally to key programs.
• Thought partner to the profit center team on new/renewal strategy, product/geographical appetite, broker compensation strategy, and program termination decisions.
• Produce semi-annual profitability reviews.
• Perform complex actuarial analyses to assist business decision making and strategy development.
• Partner across multiple functions including underwriting, finance, claims, systems, and reserving to problem solve and ensure the Programs group receives necessary support.
• Provide training to underwriters on pricing models, profitability metrics, and other actuarial topics as needed.
• Provide actuarial support for new program opportunities including risk selection, profitability review, and appetite guidance, including innovative solutions to evolving non-admitted market.

Qualifications:

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