Actuarial Analyst - Actuarial Development Program

Description

Overview:

North America Actuarial & Analytics is seeking an Actuarial Analyst or a Senior Actuarial Analyst to join our Underwriting Support and Portfolio Analytics team supporting commercial property. In this role you will perform account- and portfolio-level analyses to deliver meaningful insights to underwriters (UWs) and business leaders support the implementation of pricing model updates and rate changes (including impact/dislocation analysis systems testing change support etc.) and develop tools that inform underwriting and pricing strategies for our Major Accounts and Middle Market segments. You will collaborate closely with underwriting product actuarial and systems partners to help drive profitability and growth.

We’re looking for a highly motivated detail-oriented individual with excellent analytical and technical skills who will thrive in a collaborative work environment.  This position offers opportunities to deepen your expertise in property insurance pricing impact analysis and portfolio monitoring while also working close to the business and influencing strategic decisions.

Key Responsibilities:

• Analyze trends anomalies mix shifts and performance drivers; summarize key insights and implications.

• Build and enhance analytical tools that inform pricing and portfolio monitoring.

• Present clear actionable findings to business partners managers and senior leadership; tailor communication to technical and non-technical audiences.

• Support pricing tool projects end-to-end—from development through successful implementation.

• Partner with the Office of Underwriting Field UW Finance Product Management and Actuarial teams to support portfolio monitoring and ad hoc analyses.

• Contribute to creating training materials and sessions to ensure effective use of pricing and reporting tools and awareness for model changes and pricing updates.

• Directly engage with underwriters to facilitate understanding of risk and actuarial pricing models.

• Identify opportunities to streamline processes and improve analytical outputs.

• Develop and maintain working knowledge in property data systems and processes.

• Gather reconcile and validate complex datasets required for monthly reporting and analyses.

• Work collaboratively within the pricing team to share knowledge brainstorm solutions and solve problems.

• Maintain status in Actuarial Development Program.

• Positive progress towards pursuing and passing of required actuarial exams.

• Intermediate R SQL or SAS programming for data analysis and tool development preferred.

Qualifications

The person hired into this role will become a part of our Actuarial Development Program and will rotate within the first two years of hire as part of the Development Program. A requirement of this program is to make positive progress towards achieving ACAS/FCAS.

As an Actuarial Development Program participant you’ll be a valued member of a collaborative community of actuarial teammates.  In this entry-level rotational program you’ll complete two rotations across a variety of disciplines including reserving pricing modelling and analytics. This role will count as your first rotation.

• 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 Associateship 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.

About Us

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 for this role reflects the competitive labor market value for all employees in these positions across the national market and 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. At Liberty Mutual our goal is to create a workplace where everyone feels valued supported and can thrive. We build an environment that welcomes a wide range of perspectives and experiences with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits workplace flexibility professional development opportunities and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture which supports every individual to do their best work. Together we cultivate a community where everyone can make a meaningful impact for our business our customers and the communities we serve. We value your hard work integrity and commitment to make things better and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race color national origin sex sexual orientation gender identity religion age disability veteran's status pregnancy genetic information or on any basis prohibited by federal state or local law. Fair Chance Notices

• California

• Los Angeles Incorporated

• Los Angeles Unincorporated

• Philadelphia

• San Francisco