Manager, Actuary, Property & Specialty Analytics, Home State Indications

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.

Description
The US Retail Markets (USRM) Personal Lines (PL) Property & Specialty Analytics team is seeking a Manager, Actuary to lead our Home State Indications team. The team will help manage property products that account for over $10B in premium each year. Responsibilities include the development of accurate state-level indications, close partnership with Home State Management to understand aspects of the state-specific environment that would impact profitability, and gaining buy-in by helping partners understand their analysis. Their work will help drive appropriate state actions across USRM and ultimately contribute to our goal of delivering target profitability or better in every state. This position will report directly to the PL Home State Analytics Senior Director and will lead a team of 4 direct reports.

The successful candidate must have excellent analytical and problem-solving skills and experience managing moderate to complex projects. They will also have strong technical as well as verbal and written communication skills and the ability to explain their work in non-technical (business) contexts. There will be a significant level of interaction with other functional areas (e.g., HO State Management, CW Indications, and State Actuarial Support).

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

Responsibilities:

• Creates loss development projections by state.
• Leverages internal and external information to inform both historical and projected frequency, severity, and premium trend projections.
• Gathers feedback on the state environment from State Management and other partners.
• Evaluates and controls for non-rate initiatives and state mix shift.
• Clearly explains relationship between the indication and actual loss experience, changes in the indication over time, helps gain buy-in for its accuracy so that it can be used to drive decisions in market.
• Create a culture of innovation to build and enhance models, analysis, and tools, as well as create efficiencies in our processes.
• Model inclusiveness by living our Values, fostering an inclusive culture, and proactively seeking out all forms of diversity.
• Develop talent by building and elevating capabilities within the team, including development and talent evaluation and forming resilient teams that can attract talent with wide backgrounds that contribute to diversity of thought.

Qualifications

• Bachelor's degree required; Masters degree preferred
• Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred
• 5-10 years progressively responsible experience, including supervisory experience
• Ability to foster teamwork and relationships across organizational line
• Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
• Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization
• Advanced decision making, problem solving and analytical skills
• Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences

About Us
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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