Actuarial Manager

Liberty Mutual
Full time
Other
United States
Hiring from: Anywhere

Actuarial Manager, PL Indications-115299


Job Summary:


Are you looking to have a significant impact on the financial results of a Fortune 100 company? In this position, you will manage a team of 8 and be responsible for a variety of tasks for our Personal Auto and Homeowners lines of business, including researching and recommending alternate methodologies and enhanced processes for countrywide and state-level profit assessments and coordinating the delivery of rate level indications for all states. The position requires strong analytical abilities, creativity in problem solving, and developed managerial skills. It is also necessary to be able to take on full ownership and drive projects forward to completion. Solid communication skills are important to the role as there will be many interactions with other functional areas (e.g. Finance, Marketing, Distribution, Claims) and opportunities to present to senior management. This position plays a critical role in assessing the profitability of programs and coverages for all states and providing information to State Directors that will enable them to lead their states to profitable growth.


This role will manage a team of 8 analysts, overseeing advanced actuarial analyses in pricing and product development, and partnering with various other functions supporting internal actuarial profitability, Planning, rate revisions and countrywide rollouts.


Responsibilities:



  • Produces actuarially sound indications for PL lead lines at a countrywide and state level for the total book and new business in particular

  • Collaborates with Actuarial, Finance and other teams in Econ to refresh target combined ratios

  • Reviews and checks data to ensure accuracy of indications and assumptions

  • Leverages information from Product, Claims, and Actuarial to ensure premium and losses are developed and trended appropriately

  • Communicates findings and emerging trends to stakeholders

  • Attracts, manages and develops top talent


Qualifications:



  • Bachelor’s degree required. Insurance designations desirable.

  • Fellowship in the Casualty Actuarial Society (FCAS) designation strongly preferred, or comparable actuarial education/designation combined with relevant experience.

  • Typically 7+ years of progressively more responsible experience, including supervisory experience.

  • Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions.

  • Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments.

  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.

  • Ability to establish and build effective relationships within and outside the organization.

  • Ability to give effective training and presentations to senior management and other groups

  • Ability to lead and get work done through others. Ability to coach and develop staff members.


Benefits:


We value your hard work, integrity and commitment to positive change. In return for your service, it’s our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits


Overview:


At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.


We’re dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.



  • Job

    • Actuarial



  • Primary Location

    • US-MA-Boston

    • Other Locations

    • US-WA-Seattle, US-* Remote



  • Schedule

    • Full-time



  • Salary (Pay Basis)

    • 142,500.00-201,600.00



  • Education Level

    • Bachelor’s Degree (16 years)



  • Shift

    • Day Job



  • Travel

    • No




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