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Actuary - Property Pricing - Remote

Company: Liberty Mutual
Location: Somerville
Posted on: May 11, 2022

Job Description:

The NA Property Design & Analysis team is looking for a Senior Technical Professional to advance the pricing of large Property & Marine business. In this role you will support the business group's profit, growth, and operational objectives by performing advanced actuarial analyses related to a variety of Single Carrier, Shared & layered and Marine projects. Scope of responsibilities will include but are not limited to CAT and Reinsurance pricing analysis and driving predictive model updates. Identifying opportunities to align and drive consistency of pricing methodology and approach across segments will be an initial focus, and ownership of overarching concepts & coordination with partners on rate change and trend will be critical. This position will help drive the strategic vision of Property pricing through partnerships with a variety of internal customers, including product, Corporate ERM, and system groups. Role requires a highly organized, self-motivated individual with strong technical as well as verbal and written communication skills. The candidate must also have superior problem-solving skills and experience managing moderate complexity projects. Experience in large commercial property and proficiency in one programming language (SAS, SQL, or R) preferred. Responsibilities:

  • Build expert knowledge of Property pricing models including in-depth understanding of predictive model concepts and structure.
  • Proactively identify and address emerging trends, including new CAT peril pricing in partnership with Corporate ERM. Review of technical inputs, reasonability of results and impacts to portfolio.
  • Strong collaboration with broader GRS/NA Property Board priorities and initiatives, focusing on driving top projects forward.
  • Support pricing requirements for new or unique products, including Marine and EB Lines.
  • Ownership of overarching concepts across Property segments, such as rate change.
  • Engage regularly with partner groups & peers to influence pricing and cross-segment initiatives.
  • Supports product ratemaking, underwriting and analytics operations with data driven analytics.
  • Provides consultation to senior managers and other groups on issues such as pricing, trends and the development and use of pricing models/tools.
  • Develops and revises strategic and tactical plans as necessary to meet segment objectives and respond to environmental changes.
  • Identifies requirements for analysis, tool development, reporting and decision making.
    • Bachelor's degree required. Insurance designations desirable.
    • Proficiency in one programming language, including SAS, SQL, R or Python.
    • Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience.
    • Typically, 0-2 years post-fellowship with overall 5-7 years of progressively more responsible experience, including supervisory experience.
    • Strong analytical skills with solid understanding of actuarial techniques, standards, and assumptions.
    • Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments.
    • 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 and outside the organization. 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 Graduates-as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: 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: 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.

Keywords: Liberty Mutual, Somerville , Actuary - Property Pricing - Remote, Other , Somerville, Massachusetts

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