Assistant Actuary

Location
19462, Plymouth Meeting
Salary
Open
Posted
Nov 22, 2022
Closes
Jan 21, 2023
Ref
117767355#GIJ--LibertyMutual.1
Category
Actuary
Job Type
Not Specified
Career Level
Not Specified

Description:


Global Surety has an exciting opportunity for an Actuary to join our Actuarial & Analytics team, striving to seamlessly integrate cutting-edge analytics into every Surety decision. In this role, you will perform and review non-traditional applications of actuarial concepts to support the profitability, growth, and operational objectives of Global Surety. You will be a valued thought leader for analytical projects that support both domestic and international business, which includes developing & maintaining a suite of pricing models. You will work directly with Surety leaders in Underwriting, Operations, Finance, and Suretys international organization. This is a chance to perform industry-leading analytical work in a collaborative and dynamic work environment!


Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world's largest global Surety, including in the United States. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service. Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce in more than 16 countries.

 

Responsibilities:


  • Develop and maintain risk-based pricing (RBP) tools, design and implement enhancements to underlying RBP methodology, and develop new tool functionality.
  • Communicate quarterly price adequacy insights for various aggregations of the Surety portfolio across the relevant levels of underwriting leadership.
  • Cultivate collaborative business relationships with culturally diverse underwriting teams through actuarial support related to pricing decisions.
  • Enhance underwriting capabilities by providing training to underwriters on RBP tools.
  • Work with partners in IT to build, test, and implement innovative pricing tools for the underwriting organization.
  • Collaborate with actuarial peers across GRS to ensure consistent pricing and reporting practices when appropriate.
  • Develop and implement controls and documentation of assumptions, methods, and processes, and streamline current recurring processes.
  • Apply actuarial techniques beyond the traditional environment to continuously improve upon existing practices and conduct ad hoc analyses, including the efficient use of platforms like SQL, SAS, PowerBI, Python, PowerApps, and VBA.

  • 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, SAS, etc.); Ability to build complex models.

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. Thats why we provide an environment focused on openness, inclusion, trust and respect. Here, youll 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 on IDGs Insider Pro and Computerworlds 2020 list. For many years running, we have been named by Forbes as one of Americas Best Employers for Women and one of Americas Best Employers for New Graduatesas well as one of Americas 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, veterans status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

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