Actuary Job at Liberty Mutual, Remote

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Job Description

Description

**This position may have 2 days per week in-office requirements depending on candidate location.**


The Auto Analytics team within GRM Product Economics conducts critical analysis and provide recommendations to drive profitable growth in the $12B US PL Auto line of business. The key responsibilities for this role will be to produce accurate PL auto profit guidance and quantitative forecasting of prospective profitability, clearly communicate internal and external trends that impact bottom-line results and recommend strategic approaches to achieve profitable growth. This role will require a strong depth of knowledge in the Auto product and industry, close collaboration with analytical teams throughout the organization, and the ability to clearly set and communicate our go-forward LOB strategy. This role will be part of a team of 5 analysts and report to the Auto Analytics manager.


This team is involved in a wide variety of PL auto projects that require both strong technical and soft skills. Some project examples may include developing predictive models for forecasting loss trends and profit results, building innovative solutions to understand customer mix implications driven by pricing and marketing strategies, tracking macroeconomic supply and demand data to ultimately opine on how complex global trends may impact the insurance industry, and proactively identifying and quantifying new tactical solutions to achieve profitable growth for PL auto.


Responsibilities


  • Deliver US PL auto internal indications/profit guidance, which bring together the impacts of profitability results, trends, rate strategy and other product actions into a holistic perspective on PL auto profit health.
  • Build and leverage a deep understanding of the PL Auto line of business and components of profitable growth. Identify threats and opportunities, generate insights into relevant metrics, and develop and deliver recommendations to achieve and maintain target returns.
  • Advocate for the Auto Product throughout all levels of the organization and serve as a primary subject matter expert of the line. Partner with relevant teams to discuss key questions and exchange information to best achieve your objectives.
  • Build expertise on PL auto loss development methodology and opine on ultimate selections by collaborating closely with Claims, Reserving and Product partners.
  • Determine a range of reasonable outcomes given assumption uncertainty and support our pricing selections to Product leadership and stakeholders.
  • Challenge existing methodologies and develop new approaches to test and enhance the accuracy of our projections.
  • Design improved tools and processes to facilitate increased efficiency.
  • Mentor and assist more junior team members.


Qualifications
  • Highly technical and inquisitive with the ability to create complex analyses and advance strategic proposals despite significant uncertainty. Advanced degree and/or Fellowship in the Casualty Actuarial Society (FCAS) designation a benefit, but not required
  • 5+ years progressively responsible experience
  • Solid understanding of relevant analytical techniques with the demonstrated ability to turn observations into actionable findings
  • Strong willingness to challenge existing methodologies and develop new approaches to test and enhance our deliverables
  • Ability to identify new questions coupled with the technical and analytical ability to answer them
  • Demonstrated ability to communicate technical concepts to broad audiences
  • Ability to establish and build effective relationships within the organization
  • Demonstrated commitment to Liberty’s Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion
About Us

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” 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-equity-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.

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