Actuary - Commercial Auto Liability Loss Reserving
Liberty Mutual Global Risk Solutions is seeking an Actuary to lead loss reserving for North America Commercial Auto Liability. In this role, you will have direct accountability for $1.8 billion of reserves in a growing and challenging book of business. You will play a critical role in ensuring the integrity of the balance sheet, using your analytical talents to solve complex reserving problems, and providing insights to leaders in order to influence business decisions. You'll work in a collaborative and dynamic work environment, across multiple functions including claims, underwriting, pricing, and finance, as well as across business units with reserving peers.
This job is able to be remote/hybrid.
Responsibilities:
- Perform periodic reserve studies and ad hoc analyses; recommend appropriate reserve levels in accordance with all related Actuarial Standards of Practice.
- Produce diagnostics and leading indicators sufficient to identify changes in claims handling, business mix, and internal and external trends that can impact reserve estimates. Ensure reserve estimates are appropriately responsive to emerging developments and trends.
- Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, effectively influence key stakeholders.
- Support development of annual business plans for Auto Liability.
- Maintain clear and concise documentation of critical assumptions and work products.
- Interact with and provide actuarial technical assistance, information, and support to peers, senior managers, and others within and outside of the organization.
- Direct the development of actuarial reserving tools.
- Mentor, motivate, and train less experienced staff and peers.
Qualifications
- Bachelor's degree required; Master's degree preferred.
- Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) 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: 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.