Liberty Mutual Insurance Company
Boston, MA, United States
(16-18) Senior Actuarial Analyst / Assistant Actuary
GRM Product Economics – State Analytics
Personal Lines State Actuarial Support
Location: Boston or Seattle
Are you looking to have a significant impact on the financial results of a Fortune 100 company? In this position, you will be part of a team whose mission is essential to both top-line and bottom line performance. You will support a business group's profit, growth and operational objectives by providing external actuarial support for key filed Product initiatives, including state-level rate changes, targeted rate changes, and support of various new products and programs. This involves the initial submission of actuarial justifications, and continued verbal and written negotiations with regulators throughout the objection and approval process. Strong interpersonal and communication skills are critical for communications of wins and losses to senior managers, and interactions with external partners.
In this role, he/she will perform analysis in pricing and product development and partner with various other functions such as state analytics, planning, rate revision, and countrywide rollout teams. In addition to state level assignments, we establish and promote subject matter expertise in areas such as various data sources and processes used within our group. You will need to be able to provide data and analytical support for projects independently.
Provide actuarial support for state filings for rate and other new initiatives.
Provide analytical insight and recommendations to State Directors to inform business decisions.
Track state-level requirements for actuarial assumptions in filings and apply them appropriately.
Develop subject matter expertise which can be leveraged countrywide.
Own continuous improvement of processes to ensure efficiency, accuracy, and effectiveness of external actuarial support that are quickly integrated in daily work routines.
Queries data for requests outside of base rate support and drive deep dives on an ad-hoc basis.
Protect intellectual property by providing information only as required or confidentially as allowed.
Communicate effectively with external regulators in writing and verbally, to support business outcomes.
Monitors developments in actuarial techniques; Researches laws and regulations; Analyzes developments in the marketplace. Represents the Company on industry and professional committees.
The actual internal level/grade for this role will depend on the candidate’s overall experience and skill level.
Bachelor's degree required in business, economics, or other quantitative field. Insurance designations (ACAS/FCAS) desirable.
Typically, 3 years or more of relevant 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.
Proficient in Excel, PowerPoint, and data analysis software (e.g., SAS, Access).
Must have good planning, organizational, analytical, decision making and communication skills.
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.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Title: Senior Actuarial Analyst / Assistant Actuary - GRM Product Economics – State Analytics
Requisition ID: 103503
Other Locations: US-WA-Seattle
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.