Actuary STP I

Company: Liberty Mutual Insurance
Location: Somerville
Posted on: March 20, 2023

Job Description:

GRS Actuarial Planning, Performance, and Portfolio Management is seeking an inquisitive and innovative Actuary I STP to join the Actuarial Enablement team! In this role, you will work to enhance our global actuarial capabilities, and advance solutions and insights to enable better decision-making across GRS. This is a unique opportunity to have visibility and access across all of GRS and its diverse segments and operations, to advance pricing capabilities across the organization, and drive consistency and transparency to the way in which we operate. Candidates should have strong analytical capabilities, be independent, motivated, organized, have strong communication skills, and be comfortable challenging other actuaries.
Responsibilities

• Direct and contribute to complex cross-functional and organizational projects having broad impact for business decision-making.
• Contribute to the setting of standards and best practices related to actuarial exercises.
• Support BU efforts and projects that advance actuarial capabilities and address identified gaps.
• Investigate and understand pricing methodologies across GRS, evaluate consistency and adequacy, and recommend changes to business leaders.
• Collaborate with BU Actuaries to advance pricing sophistication and drive consistency and transparency of key segments' methodologies & calculations, including the build-up of Technical Premium, rate change, and other pricing metrics.
• Consult with business leaders, staff, and other groups regarding actuarial, financial, strategic, business planning, and other matters.
• Conduct research and development on topics of interest, including staying abreast of standard industry and/or competitors' pricing strategies and methodologies.
• Support actuarial projects that may be outside of regular responsibilities.
  • Bachelor`s degree required
  • Insurance designations desirable
  • Fellowship in the Casualty Actuarial Society (FCAS) or Fellowship in the Society of Actuaries (FSA) designation preferred, or comparable actuarial education/designation combined with relevant experience
  • Typically 0-2 years post-fellowship
  • Minimum of 7 years of progressively more responsible experience (typically 10 or more) in an actuarial role, some of which may include experience as an actuarial candidate taking exams
  • Requires detailed knowledge of the operations and processes associated with the operational group
  • Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions
  • This position requires an experienced and knowledgeable actuarial viewpoint in a wide variety of actuarial subjects, and in company, industry, and regulatory practices
  • Knowledge should include data, methodologies, systems and platforms
  • Advanced to expert knowledge of specialized software, actuarial and statistical methods, tools, and the existence of programming languages
  • Ability to learn as needed
  • Able to undertake new processes/analysis based on cutting edge research and technologies, within and outside the insurance industry
  • Focus efforts on staying competitive in the market
  • Ability to grasp theoretical concepts
  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing
  • Ability to make decisions with incomplete information
  • Ability to establish and build effective relationships within and outside the organization
  • Ability to give effective training and presentations to senior management and other groupsAt 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" on IDG'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.
    Bachelor's Degree
    19

Keywords: Liberty Mutual Insurance, Somerville , Actuary STP I, Accounting, Auditing , Somerville, Massachusetts