Pricing Actuary- Majors Account

Liberty Mutual Insurance • Boston, MA

10d

About The Position

North America Majors Segment Support is seeking an Actuary to help drive and evolve large account pricing. In this role you’ll be responsible for supporting the Risk Management Underwriting teams and with both account & portfolio support to drive risk selection and pricing. You will be part of a larger team driving complex risk pricing and business strategy development, training underwriters on model usage and improving insights into portfolio performance. This position focuses on providing high-quality analyses and effectively communicating key outcomes to support achieving profit, growth, and operational objectives for Risk Management. 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.

Requirements

• Bachelor's degree required; Masters Degree preferred.
• Fellowship in the Casualty Actuarial Society (FCAS) or in Society of Actuaries (FSA) designation preferred or comparable education/designation with relevant experience.
• Attaining Associateship alone is not a sufficient criterion to operate at this level, especially if exams have been passed very rapidly.
• Minimum 5-7 years relevant experience required for Actuary
• Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
• Ability to motivate and mentor peers and motivate and train subordinates
• Advanced computing skills (MS Office Excel, SAS, etc.); Ability to build complex models.

Nice To Haves

• 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.
• Minimum 3-5 years relevant experience required for Senior Actuarial Analyst.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred.
• Sound knowledge of actuarial techniques and standards, as well as business operations including underwriting, financial, claims, legal etc.
• Ability to work in a fast paced and dynamic environment, responding to business demands in a changing marketplace.
• Strong communication and interpersonal skills. Ability to deliver effective training and presentations to field staff and senior management.
• Ability to establish and build effective relationships within and outside the organization.
• Strong data manipulation skills including the ability to query, consolidate, and test for reasonability needed.
• Advanced computing skills (MS Office Excel, SAS, etc.) required.

Responsibilities

• Partner with Underwriting to provide account-level pricing support for Casualty lines of business including Auto, GL, and Workers Compensation.
• Perform complex actuarial analyses to support business decision making, strategy development and results monitoring at the segment level.
• Directly influence, interpret and communicate quarterly profitability reviews.
• Provide clear and concise communication of technical concepts and work products to underwriters, managers, and senior leadership within Majors Accounts and Actuarial and Analytics.
• Collaborate with Reserving teams to support and influence reserve deep dives.
• Collaborate with Pricing LOB, DSS Modeling, and Technology teams on tools and projects to enhance pricing and influence underwriting strategy.
• Coach and mentor junior colleagues and perform peer review on work products to maintain high standard of quality.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees