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Senior Actuarial Analyst or Assistant Actuary, GRM - Business Lines Planning, Risk and Capital

Employer
Liberty Mutual Insurance
Location
Chicago Illinois
Salary
Not Specified
Closing date
Feb 18, 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!

We are seeking an innovative Senior Actuarial Analyst or Assistant Actuary to join Global Retail Markets (GRM) U.S. Business Lines Planning, Risk and Capital team. Our teams vision is to produce a holistic planning and forecasting experience integrated with risk-reward analytics for small commercial products. We serve as the most trusted partners and actuarial experts connecting all decision makers to the future of the business. You will develop and drive forward strong relationships with our wide operational network of internal customers, such as Reserving, Product Management, Trends Analytics, Finance and Claims. You will leverage our centralized position and business knowledge to synthesize and challenge actuarial projections, balancing depth with breadth of understanding. The ideal candidate will have strong business judgment, thrive in a highly visible and interactive role, and have the passion to drive continuous improvement to delight customers with evolving business needs.

Responsibilities:

  • Collaborate across functional areas to analyze loss and ALAE drivers such as pure premiums, loss trends, Product and Claims initiatives.
  • Integrate the results of loss, capital and business analysis, synthesizing them into a coherent story and communicating results to internal customers.
  • Provide a consistent customer experience to stakeholders by aligning the direct plan L&ALAE, Reinsurance pricing and Capital planning deliverables.
  • Partner with stakeholders to develop ranges around the plan and underlying assumptions to enable informed risk/reward decisions and implied conservatism/aggression in strategy.
  • Perform reinsurance benchmark pricing analysis for property per risk and umbrella treaties.
  • Assess reinsurance efficiency by analyzing capital tradeoffs with reinsurance placements.
  • Lead relationships with various cross-functional customers by facilitating communications, coordinating deliverables, proactively anticipating customer needs, and driving the partnerships forward through dedicated customer service.
  • Analyze data and build models, reports, and documentation using tools such as Excel, R, Shiny, TM1, Essbase, and SAS.
  • Drive expense and efficiency improvements through cross-functional identification of opportunities, prioritization of improvements and development of solutions.

****This is a range posting for a grade 16, Senior Actuarial Analyst or a grade 18, Assistant Actuary**** Location is open for the right person

Qualifications:

  • Proven math and analytical skills, as normally acquired through the pursuit of a bachelors degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
  • Minimum 35 years relevant experience required and commitment to achieving Fellowship in the Casualty Actuarial Society.
  • 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.

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: $132,000-$173,000
Education Level: Bachelor's Degree (16 years)
Travel: No

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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