Director Actuary

Job Category: Actuarial

Minimum Salary: $153,000.00

Maximum Salary: $276,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 25 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 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:

North America Actuarial & Analytics is looking for an innovative actuarial leader to advance General Liability pricing for a $900M book of business. In this position, you will own the end-to-end pricing strategy, including rate indications and pricing model development for Primary General Liability.

You will serve as the actuarial subject matter expert and provide thought leadership alongside underwriting, product, and actuarial experts to develop new ideas to improve pricing sophistication and process throughout North America General Liability.

This role will influence a wide group of underwriting organizations through effective communication of analytical insights and ensure effective underwriter use of models. In addition, this role has direct responsibility to support the Specialty Casualty primary underwriting group, including evaluation of strategic direction.

Successful candidates will collaborate effectively across varied groups to drive actions and consistency where warranted.

Responsibilities:

• Work across functions to lead complex and creative actuarial pricing analyses for primary General Liability.
• Own end-to-end General Liability pricing and be sought out as a subject matter expert.
• Perform actuarial analyses for North America General Liability and make recommendations concerning valuation/reserving, pricing, product development, research/support, business planning, finance, or other business areas.
• Prepare and interpret the data used to support rate filings with state departments of insurance.
• Act as a thought partner to the Specialty Casualty primary leadership; foster partnerships across the North America organization to improve primary General Liability profitability.
• Collaborate effectively across casualty teams to deliver a consistent approach to pricing accounts.
• Manage or participate in studies that underlie actuarial assumptions and are designed to improve risk selection and pricing.
• Provide consultation to senior leaders and other groups on issues such as pricing, rates, and related matters.
• Foster partnerships across the North America organization to improve General Liability profitability.
• Monitor and analyze financial results to communicate the impact of strategic and operational plans.
• Identify data requirements for analysis, tool development, reporting, and decision-making.
• Partner with IT and Data Science Solutions to implement pricing models.
• Manage a staff of 4-6 individual contributors.

Qualifications:

• Bachelor's degree required. Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience.
• Demonstrated ability to apply the depth/breadth of actuarial skills and business acumen with 7 or more years of progressively responsible actuarial experience, including managerial experience.
• Analytical skills with expert understanding of all actuarial techniques, standards, and assumptions.
• Ability to manage a mix of assignments that will be both strategic and tactical.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
• Exceptional ability to convey complex information clearly and concisely to all levels of management.
• Solid interpersonal and communication skills required to establish and build effective relationships within and outside the organization.
• Demonstrated commitment to Liberty’s Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion.

Fair Chance Notices:

• California
• San Francisco
• Los Angeles
• Philadelphia