Manager, Actuary - Personal Lines Economics

Location
Somerville, Massachusetts
Salary
Open
Posted
Nov 19, 2021
Closes
Jan 18, 2022
Ref
95583068#GIJ--LibertyMutual.2
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 Graduatesas 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. 

Are you looking to have a significant impact on the financial results of a Fortune 100 company?  In this position, you will manage a team of 5 responsible for indications, loss development, combined ratio targets, expense allocation and more for our Personal Auto and Homeowners lines of business.

 

The position requires strong analytical abilities and creativity in problem solving. It is also necessary to be able to take on full ownership and drive projects forward to completion. Communication skills are important to the role as there will be many interactions with other functional areas (e.g. State Management, Finance, Actuarial) and opportunities to present to senior management. This position plays a critical role in assessing the profitability of programs and coverages for all states and providing information to State Directors that will enable them to lead their states to profitable growth.

 

Responsibilities:

  • Produce actuarially sound indications for PL lead lines at a state level for the in-force Auto and Homeowners books
  • Research and develop alternative methodologies to forecast profitability at the state and countrywide level (includes loss/premium trends, credibility adjustments, large loss normalization, etc.).
  • Partner with the Auto and Home Analytics teams to deliver calendar-year rate guidance to the organization.
  • Collaborate with Actuarial, Finance and other teams in Econ to determine and refresh target combined ratios
  • Review and check data to ensure accuracy of indications and assumptions
  • Leverage information from Product, Claims, and Actuarial to develop by-coverage losses for countrywide and states
  • Communicates findings and emerging trends to stakeholders
  • Attracts, manages and develops top talent.

  • Bachelor's degree required. Insurance designations desirable.
  • Fellowship in the Casualty Actuarial Society (FCAS) designation strongly preferred, or comparable actuarial education/designation combined with relevant experience.
  • Typically 7+ years of progressively more responsible experience, including supervisory experience.
  • Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions.
  • Strong knowledge of insurance operations
  • 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 the organization.

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