Actuary, Personal Lines Economics, New Business State Tactics
Liberty Mutual
Somerville, Massachusetts
strategy
technical
profitable growth
growth
liberty
america
team
marketing
indications
consultation
rate
tools
communication
March 22, 2023
Liberty Mutual
Somerville, Massachusetts
Join the exciting New Business Analytics team within the Personal Lines Economics State Tactics team, dedicated to driving profitable growth through state-specific new business strategies in the Personal Lines Auto/Homeowners' lines.
In this role, you will play a pivotal role in influencing pricing, underwriting, marketing, and capital strategy through timely and robust analyses and tailored guidance. You will be leading state-level new business indications reviews, guiding and evaluating underwriting initiatives, optimizing channel portfolio, and providing consultation on new program launch rate level. In addition, you will drive the development of innovative actuarial tools to identify untapped opportunities and guide our profitable growth strategy.
This position is able to be remote/hybrid.
Responsibilities:
* State level reviews of new business indications and adjustments.
* Provide new program consultation and rate calibration, including by-coverage and by-peril recommendations.
* Serve as a subject matter expert on NB strategy and provide guidance to state management partners.
* Develop NB strategy based on profit positions, identify new opportunities, and propose tailored actions to achieve profitable growth in each individual market.
* Understand life time value of a policy and provide state profit guidance to influence state level marketing spend.
* 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.
* Experience with Personal Lines insurance preferred.
Qualifications
* Bachelor's degree required; Master's degree preferred.
* Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred 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.
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: [Link available when viewing the job] />
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: [Link available when viewing the job] />
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.
In this role, you will play a pivotal role in influencing pricing, underwriting, marketing, and capital strategy through timely and robust analyses and tailored guidance. You will be leading state-level new business indications reviews, guiding and evaluating underwriting initiatives, optimizing channel portfolio, and providing consultation on new program launch rate level. In addition, you will drive the development of innovative actuarial tools to identify untapped opportunities and guide our profitable growth strategy.
This position is able to be remote/hybrid.
Responsibilities:
* State level reviews of new business indications and adjustments.
* Provide new program consultation and rate calibration, including by-coverage and by-peril recommendations.
* Serve as a subject matter expert on NB strategy and provide guidance to state management partners.
* Develop NB strategy based on profit positions, identify new opportunities, and propose tailored actions to achieve profitable growth in each individual market.
* Understand life time value of a policy and provide state profit guidance to influence state level marketing spend.
* 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.
* Experience with Personal Lines insurance preferred.
Qualifications
* Bachelor's degree required; Master's degree preferred.
* Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred 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.
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: [Link available when viewing the job] />
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: [Link available when viewing the job] />
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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