Actuary, Casualty Reinsurance

CLM Dallas Chapter; Chicago (IL); On-site; USD 120,000 - 160,000; Full time

Job summary

Liberty Mutual Insurance in Chicago, IL seeks a Pricing Reinsurance Actuary to apply advanced actuarial analyses in pricing Casualty Reinsurance placements across Umbrella, Professional Liability, and Multi-line business. The role supports profit and growth goals and requires strong communication skills and cross-functional collaboration.

The ideal candidate will have a Bachelor's degree (Masters preferred), ACAS/FCAS or equivalent, 5–7 years of relevant experience, and advanced modeling skills

Qualifications

• Bachelor's degree required; Masters degree preferred.
• ACAS/FCAS or comparable education/designation with relevant experience.
• Minimum 5–7 years relevant experience.
• Sound knowledge of actuarial techniques and standards, as well as other business operations.
• Advanced communication and interpersonal skills and ability to build relationships with others.
• Ability to motivate and mentor peers and subordinates.
• Advanced computing skills (MS Office Excel, SAS) with ability to build complex models.

Responsibilities

• Perform complex actuarial analysis to assist business decision making and strategy development.
• Prepare actuarial research and complex reports; present findings and recommendations.
• Communicate technical actuarial work clearly to technical and non-technical audiences.
• Maintain documentation of methods and activities.
• Interact with peers, senior managers, and others within and outside the organization.
• Mentor, motivate, and train less experienced staff and peers.
• Direct the development of actuarial tools.

Skills

Actuarial techniques

Communication skills

Mentor staff

Cross-functional collaboration

Education

Bachelor's degree

Masters degree preferred

Tools

MS Office Excel

SAS

Job description

Position

Company : Liberty Mutual Insurance

Location : Chicago, Illinois

Description

As a Liberty Mutual Pricing Reinsurance Actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.

In this position, you will support a business group or company's profit, growth and operational objectives by performing and reviewing advanced actuarial analyses in pricing Casualty Reinsurance placements supporting various lines of business including Umbrella, Professional Liability, and Multi-line business.

The ideal candidate will be based in one of our key hub locations: Boston, MA; New York, NY; Stamford, CT; or Chicago, IL. Relocation assistance may be available for the right candidate.

Responsibilities

• Perform complex actuarial analysis within a designated business segment/s to assist business decision making, financial planning, and strategy development.
• Prepare actuarial research and complex reports and projects present findings and recommendations.
• Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, and on cross functional teams.
• Maintain clear and concise documentation of methods and activities.
• Interact with and provide actuarial technical assistance and information to peers, senior managers, and others within and outside of the organization.
• Mentor, motivate, and train less experienced staff and peers.
• Direct the development of actuarial tools.

Qualifications

• Bachelor's degree required; Masters degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or comparable education/designation with relevant experience.
• 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.) with ability to build complex models.

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