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Actuary, Global Risk Solutions National Insurance Pricing National Insurance Specialty

Employer
Liberty Mutual Insurance
Location
Chicago Illinois
Salary
Not Specified
Closing date
Jan 31, 2019

View more

Category
Actuary
Job Type
Not Specified
Career Level
Not Specified

Job Details

Advance your Actuarial career at Liberty Mutual Insurance- A Fortune 100 Company!

National Insurance Pricing is seeking an Actuary who will be responsible for providing pricing support to the Public Entity and Healthcare business segments within the NI Specialty segment. This position also supports new product & coverage pricing across all of NIS, as well as creation & maintenance of specialized vertical tools, particularly for newly formed verticals such as the Life Sciences vertical launching in 2019. This candidate will be a key resource and trusted advisor to the Specialty management teams. This position will manage a team of 4-5 actuarial students and business analysts that provide account level pricing support to Public Entity, Healthcare, and Life Sciences underwriters. The role will focus on providing high quality analyses and effectively recognizing and communicating key outcomes to support profit, growth, and operational objectives for these verticals. The successful actuary will possess strong analytical and communication skills, as well as a demonstrated ability to develop creative solutions to unique and complex problems. This position may be located in either Boston or Chicago and will report to Molly Arens, FCAS, and Segment Actuary for NI Specialty.

Responsibilities:

  • Provide clear and concise communication of technical actuarial work to senior level management within National Insurance
  • Perform complex actuarial analyses to assist business decision making and strategy development.
  • Work with underwriting to provide account level support such as loss forecasts, security calculations, rate change calculations, LPT/buyouts, pricing model support, etc.
  • Provide pricing support for specialized products & coverages, as well as vertical specific pricing tools across NI Specialty, particularly for the more recently launched verticals
  • Perform regular analyses on our reinsurance partners and use for financial monitoring, planning and booking.
  • Collaborate with National Insurance Actuarial Reserving on planning, as well as their evaluation of Public Entity, Healthcare, & Life Sciences
  • Collaborate with Casualty and Cross Lines Pricing Teams on tools used by Underwriting.
  • Manage staff of business analysts and/or actuarial students

Qualifications:

  • Bachelor's degree required
  • Fellowship in the Casualty Actuarial Society (FCAS) required
  • Typically 0-2 years post-fellowship. Overall 5-7 years of progressively more responsible experience, including supervisory experience.
  • Sound knowledge of actuarial techniques and standards, as well as business operations
  • Strong communication skills; demonstrated ability to exchange ideas and convey complex information clearly and concisely, and ability to influence senior management and stakeholders
  • Desire to work in a fast paced and dynamic environment, responding to business demands and a changing marketplace.
  • Ability to develop creative solutions to unique and complex problems
  • Ability to drive teamwork and collaboration across departments and functions
  • Ability to lead and get work done through others; selects and develops staff members
  • Ability to establish and build effective relationships within and outside the organization.

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, its 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

Overview:

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.

Were 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.


Job: Actuarial
Primary Location: United States-Illinois-Chicago
Schedule: Full-time
Salary: $150,000-$198,000
Education Level: Bachelor's Degree (16 years)
Travel: Yes, 10 % of the Time

Company

When people have a sense of security, they are free to relax, venture out, and live their lives. This is the feeling Liberty Mutual brings to the world every day. Founded in 1912, we are a global leader in property and casualty insurance, focused on protecting and preserving the lives and dreams of customers in more than 30 countries. With over 50,000 employees throughout the world, we offer you the chance to work for an evolving, growing company with a deep sense of humanity and a commitment to diversity and philanthropy. Join our team and go to work knowing that what you do matters. Because really it does.

 

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