Actuarial Analyst, Actuarial Development Program

Liberty Mutual Insurance; United States; Hybrid; USD 80,000 - 110,000; Full time

Job summary

Liberty Mutual Insurance seeks a professional to join its Actuarial Development Program, leading actuarial rate indications for Pet Insurance and supporting filings across the organization. You will collaborate with stakeholders to drive profitable growth while developing expertise in pet products within the Specialty Economics group.

You will advance through exams (MAS I/II and Exam 5/6) while applying analytical methods, modeling, and data manipulation to deliver robust profitability insights

Qualifications

• Bachelor's degree in mathematics, statistics, economics, actuarial science, or related field.
• Commitment to achieving Associateship in the Casualty Actuarial Society.
• Passing grades on a minimum of 2 Casualty Actuarial Exams (MAS I/II, Exam 5/6).
• Minimum 2–4 years relevant experience.
• Experience with actuarial techniques and insurance operations.
• Strong oral and written communication; presentation skills.
• Interpersonal skills and ability to work in teams and independently.
• Ability to exercise discretion and apply independent judgment.
• Ability to balance multiple projects with some direction.
• Proficiency in MS Office Excel and SAS; programming skills desirable.

Responsibilities

• Maintain status in Actuarial Development Program.
• Produce actuarial rate indications for Pet Insurance products.
• Research drivers of performance and develop rate and non-rate recommendations.
• Support pet insurance filings for rate and initiatives.
• Develop line-of-business expertise and profitability views.
• Communicate findings and recommendations to stakeholders.
• Build stakeholder relationships and influence product strategies.
• Retrieve and manipulate data for actuarial projects.
• Lead crossline initiatives and ad hoc projects.
• Identify and implement method and process improvements.
• Apply actuarial best practices and document analyses.

Skills

Mathematics

Analytical Skills

Communication Skills

MS Excel

SAS

Programming Basics

Education

Bachelor's degree in Mathematics/Statistics/Economics/Actuarial Science

Associate in Casualty Actuarial Society (CAS)

Tools

SAS

Job description

Description

This is an exciting opportunity to join our rotational Actuarial Development Program as an experienced professional! In this role, you will be a key piece of the team that provides full economic and analytical support and drives the profitable growth of the multi-billion personal specialty lines of business. Specifically, you will lead the actuarial work of the newly launched Pet Insurance line by working closely with a wide range of stakeholders throughout the organization. The key responsibilities of this role are to perform actuarial rate indications of the pet insurance products, provide external actuarial support to Departments of Insurance, construct rate strategies, evaluate and monitor product performance, and provide other analytical services with actuarial and line-of-business expertise. As a member of the Specialty Economics organization, you will also work with a group of talented analysts on impactful crossline initiatives and develop subject matter expertise.

• This position may have in-office requirements dependent upon candidate location. **

Responsibilities

• Maintain status in Actuarial Development Program


• Produce Actuarial rate level indications for the Pet Insurance products.


• Research and identify drivers of performance and trends and develop actionable rate and non-rate recommendations to drive profit improvement and profitable growth.


• Provide actuarial support for pet insurance filings for rate and other new initiatives


• Develop line-of-business expertise for the pet products and deliver robust profitability views that reflect the latest opinions on experience, trends, and initiatives.


• Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.


• Build effective stakeholder relationships and influence decisions and actions on recommended product strategies.


• Retrieve, understands and manipulates data as it relates to assigned and related actuarial projects.


• Lead and support crossline initiatives and other ad hoc projects as necessary.


• Proactively identify and act on method and process improvement opportunities.


• Practice and promote analytical, documentation, and other actuarial best practices.


• Positive progress towards pursuing and passing of required actuarial exams.

Qualifications

• Proven math and analytical skills, as normally acquired through the pursuit of a bachelor\'s degree in mathematics, Statistics, Economics, Actuarial Science, or related field.


• Commitment to achieving Associateship in the Casualty Actuarial Society.


• Passing grades on a minimum of 2 Casualty Actuarial Exams is required (MAS I, MAS II, Exam 5, Exam 6).


• Minimum 2-4 years relevant experience required.


• Prior experience and knowledge of basic actuarial techniques and standards and insurance operations.


• Solid oral and written and presentation communication skills.


• Solid interpersonal skills and the ability to work in a team environment as well as independently.


• Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments.


• Ability to balance multiple projects with some direction.


• Intermediate MS Office Excel and SAS skills


• Ability to build simple models; Programming skills are desirable.

Employees may apply for a new role after completing 12 months of employment in their current position.

Employees should review all role requirements and apply only for positions for which they are eligible. Hiring processes may vary by country, including differences in procedures, requirements, and timelines. For country-specific details, please consult your local recruiting / HR team.

About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

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://www.libertymutualgroup.com/about-lm/careers/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.

Fair Chance Notices

• California


• Los Angeles Incorporated


• Los Angeles Unincorporated


• Philadelphia


• San Francisco