Actuarial Analyst

Job Description

Job Category: Actuarial

Typical Starting Salary: $85,500 - $112,500

Minimum Salary: $74,000.00

Maximum Salary: $139,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 15 days

Application Deadline: 2/26/2025

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.

This 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 Indication team within US Retail Markets is currently searching for an Actuarial Analyst to play a crucial role in developing Umbrella Indications. This work is essential for understanding the profitability of the book and supporting business strategies.

Additionally, you will have the opportunity to build and enhance our granular profitability database. The database serves as a foundation for partnering with other internal teams, enabling you to drive insightful analysis.

This position offers an exciting opportunity to leverage your communication skills in sharing indication results, analytics skills on the indications, and coding skills in building the database. You may also have the opportunity to work on Commercial Auto, as this position is on the Auto and Umbrella indication team.

Responsibilities:

• Drive Small Commercial Umbrella indication process and deliver results to senior leadership and product partners.
• Conduct LDF and trend analysis, and deep dives on profitability drivers to better understand indication results.
• Maintain and continuously improve rate indication processes and checks.
• Write, maintain, and improve code for granular database.
• Partner with other teams on profitability and trend insights.

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