Senior Actuarial Analyst (Small Commercial P&C)

Job Description

Job Category: Actuarial

Typical Starting Salary: $95,000-$135,000

Minimum Salary: $92,000.00

Maximum Salary: $176,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Application Deadline: 2/28/25

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 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 (SC) Property/BOP Internal Indication team within US Retail Markets is currently searching for a Senior Actuarial Analyst to play a crucial role in developing Property Indications. This work is essential for understanding loss drivers and supporting both short and long-term business strategies and rate decisions.

As a Senior Actuarial Analyst, you will have the opportunity to work on 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. Initially, the work will be focused on Property indications for Liberty Mutual and/or State Auto, but over time there may also be projects on BOP.

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

**This is a ranged posting; level offered will be based on candidate credentialing and experience.**

Responsibilities:

• Drive Property indication process and deliver results to senior leadership and SC Product group.
• Conduct 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 Property profitability 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 5 Casualty Actuarial Exams are 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, written, and presentation communication skills with the 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 and apply independent judgment and 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