Liberty Mutual Insurance Company
Boston, MA, United States
Advance your Actuarial career at Liberty Mutual Insurance - A Fortune 100 Company!
Corporate Actuarial Reserving is seeking a Senior Actuarial Analyst to support the comprehensive analysis of the risks associated with loss-related balance sheet items . The role will include exposure to all lines of business across SBU and Corporate’s balance sheet. This position is responsible for supporting the Corporate Actuarial Reserving team in the execution of actuarial studies and the development of risk-management tools, so that Senior Management can take accelerated action, and so that our external partners can have confidence in the strength of our balance sheet. As such, the successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment with SBU partners.
Perform 1stand 2ndreserve opinions as assigned
Investigate detailed claim and product data to identify data splits that enhance reserving analyses
Partner with SBUs (Actuarial, Claims, Underwriting) to understand impacts of initiatives and book of business changes, and incorporate into ongoing reserve analyses
Clearly communicate results and methods to Corporate and SBU management
Support the development of effective tools for monitoring internal and external indications
Support the building and implementation of process improvement initiatives
* *This is a range posting for a grade 16, Senior Actuarial Analyst or a grade 18, Assistant Actuary. The preferred location is Boston but open to other locations for the right skillset * *
Minimum 2–4 years relevant experience required
ACAS required for the grade 18 and passing grades on a minimum of 5 Casualty Actuarial Exams is required for the grade 16
Commitment to achieving Fellowship in the Casualty Actuarial Society (FCAS)
Bachelor's degree 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 and written and presentation communication skills and 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 motivate and train junior staff
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
Strong MS Office Excel and data extraction skills preferred; ability to build models of moderate complexity
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
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.
Title: Senior Actuarial Analyst or Assistant Actuary - Corporate Actuarial Reserving
Requisition ID: 101382
Other Locations: US- Remote*
Liberty Mutual Insurance Company
Website : http://www.libertymutual.com
Liberty Mutual Holding defends our freedom to buy car insurance. As the parent company of Liberty Mutual Group and its operating subsidiaries, Liberty Mutual is one of the top property/casualty insurers in the US and among the top 10 providers of automobile insurance. The company also offers homeowners' insurance, workers compensation, general liability, group disability, fire and surety, and commercial lines for small to large companies. Liberty Mutual operates through four business divisions: Personal Insurance, Commercial Insurance, Liberty International, and Global Specialty. It distributes its products through a diversified blend of independent and exclusive agents, brokers, and direct sales.