Actuarial Analyst

Job Description

Job Category: Actuarial

Typical Starting Salary: $85,500 to $108,500

Minimum Salary: $74,000

Maximum Salary: $139,000

Schedule: Full-Time

Flexible Time Off Annual Accrual: 15 days

Application Deadline: February 16, 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 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:

North America Actuarial & Analytics is seeking analysts who will be responsible for supporting the US Middle Market Underwriting teams. You will work directly with underwriting, product, and actuarial to enhance pricing decisions and influence strategy.

This position will be focused on providing high-quality analyses and effectively communicating key outcomes to support ongoing/prospective strategies for US Middle Market. The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

If the selected candidate lives within 50 miles of a GRS office, the expectation is for the candidate to be in the office two times/week for collaboration. This policy is subject to change.

Responsibilities:

• Provide support to actuaries and others by performing analysis to assist business decision making, financial planning, and strategy development.
• Collaborate with Casualty and Cross Lines Pricing Teams on tools used by Underwriting.
• Assist in the preparation of actuarial research and complex reports and studies; communicate and present findings and exhibits to peers, functional leadership, and business leaders.
• Provide clear and concise communication of technical work to technical and non-technical audiences, and on cross-functional teams.
• Work with underwriting to provide account level support.
• Maintain clear and concise documentation of methods and activities.
• Retrieve, understand, and manipulate data as it relates to assigned and related projects.
• Build tools that enhance pricing and influence underwriting strategy.
• Support account segmentation exercise (may vary by segment/industry).
• Assist in rate filings as needed by each segment.

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 2 Casualty Actuarial Exams is required.
• Minimum 2-4 years relevant experience required.
• Prior experience and knowledge of basic actuarial techniques and standards and insurance operations.
• Solid oral, written, and presentation communication skills.
• Solid interpersonal skills and the ability to work in a team environment as well as independently.
• Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments.
• Ability to balance multiple projects with some direction.
• Intermediate MS Office Excel and SAS skills.
• Ability to build simple models; programming skills are desirable.

Fair Chance Notices:

• California
• San Francisco
• Los Angeles
• Philadelphia