Actuary-Farm/Inland Marine

Location
Somerville, Massachusetts
Salary
Open
Posted
Apr 06, 2021
Closes
Jun 05, 2021
Ref
81903943#GIJ--LibertyMutual.1
Category
Actuary
Job Type
Not Specified
Career Level
Not Specified

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.  

 

Liberty Mutual has proudly been recognized as a “Great Place to Work” by Great Place to Work® US for the past several years. We were also selected as one of the “100 Best Places to Work in IT” onIDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates—as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion 

 

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. 

Job Summary:

 

The Global Retail Market Product team is looking for an Assistant Actuary to assess the overall book profitability and growth of our Business Lines Specialty Farm, Inland Marine, and our Partnerships distribution channel. With $650M+ in inforce BL Specialty premium, this individual will support GRM's growth and profitability goals by producing accurate, trusted and holistic assessment of financial health and proactively identifying solutions to ensure the path to profitable growth.

 

This individual will be required to work closely with Actuarial, Product and UW teams. As such, the successful candidate will possess excellent analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.  This position will report to US BL Profitability Specialty Director.

 

Job Responsibilities:

 

  • Lead regular LOB & segment deep dives to identify driver of performance and develop actionable rate and non-rate recommendations to ensure the path to target returns.
  • Collaborate with BL Profit Guidance Manager to review reasonability of combined ratio forecasts that reflect recent opinions of experience, trends and product initiatives.
  • Proactively identify emerging issues or new variables with predictive power to create and improve risk segmentation
  • Demonstrate strong subject matter expertise and build effective stakeholder relationships across Actuarial, Product and UW to gain cross-functional consensus on recommended product strategies.
  • Build and implement process/data improvements in collaboration with LOB teams and cross-functional stakeholders.

  • 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;
  • 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 and SAS required; VBA skills preferred); Ability to build complex models.
  • Background in Farm or Inland Marine lines of business preferred

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