Actuarial Analyst, Actuarial Development Program

Summary

Liberty Mutual Insurance is seeking an Actuarial Analyst to join its rotational Actuarial Development Program. The role provides actuarial and analytical support for the Pet Insurance line, including rate indications, filings, product performance evaluation, profitability analysis, and crossline initiatives.

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

Skills

• 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

Qualifications

Must Haves

• 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

Benefits

• Flexible Time Off Annual Accrual - days: 15
• Workplace flexibility
• Professional development opportunities
• Opportunities provided through our Employee Resource Groups
• 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.