Actuary, Demand Modeling - Global Retail Markets
- Employer
- Liberty Mutual Insurance
- Location
- Seattle, Washington State
- Salary
- Not Specified
- Closing date
- Aug 23, 2019
View more
- Category
- Actuary
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
The Demand Modeling Team builds complex demand models (customer retention, conversion, price elasticity, lifetime value, and cost-benefit analyses) for all GRM lines of business.
As the Actuary for this team, you will lead model development and application, incorporate demand models into business decisions, and pursue challenging strategic questions related to customer demand and lifetime value. The team has global responsibility spanning the 16 markets we operate in, including support for Price Optimization initiatives.
You will be the best fit for our team if you have the desire and ability to:
Build complex retention, conversion, and price elasticity models across Auto, Property and Specialty products, as well as adjacent products
Generate data-driven answers to open-ended strategic questions related to customer demand (e.g., price presentation, endorsement pricing, capping strategy)
Model cost-benefit analyses (CBAs) related to the impact of new initiatives (e.g. telematics, OEM proposals) on customer demand.
Create customer-centric lifetime value models that account for value of cross-sold policies and future likelihood to cross-sell
Develop methodology for accurately projecting financial impacts of pricing actions
Use competitor price data to improve price elasticity models and projection tools
Share research with other departments to improve demand-related decision-making throughout the organization
Develop demand models for international operations
Qualifications:
Bachelors degree or equivalent in mathematics, economics, statistics, or other quantitative field. FCAS required.
5-7 years of progressively more responsible experience.
Strong analytical skills with validated understanding of predictive modeling. Advanced Excel, PowerPoint, and statistical software packages (e.g., R, SAS, Emblem) highly desired.
Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments.
High-level knowledge of data sources, tools, and the business (lines, systems, pricing plans)
Shown 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.
Ability to give effective training and presentations to senior management and other partners.
Ability to lead and get work done with others. Ability to mentor others in Demand Modeling
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.
Liberty Mutual is an equal opportunity employer. We embrace an environment that is free from all discrimination in the workplace, in its business, or by its vendors. Liberty Mutual values diversity and the differences and similarities of our employees. We foster a diverse and inclusive work environment that leads to better ideas, stronger teams and more innovative products and services for our customers. Learn more
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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