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Pricing Actuary- Majors Account
full-timeBoston

Summary

Location

Boston

Type

full-time

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About this role


Description

North America Majors Segment Support is seeking an Actuary to help drive and evolve large account pricing. In this role you’ll be responsible for supporting the Risk Management Underwriting teams and with both account & portfolio support to drive risk selection and pricing.  You will be part of a larger team driving complex risk pricing and business strategy development, training underwriters on model usage and improving insights into portfolio performance. This position focuses on providing high-quality analyses and effectively communicating key outcomes to support achieving profit, growth, and operational objectives for Risk Management. As such, the successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

 

Responsibilities:

 

  • Partner with Underwriting to provide account-level pricing support for Casualty lines of business including Auto, GL, and Workers Compensation. 
  • Perform complex actuarial analyses to support business decision making, strategy development and results monitoring at the segment level.
  • Directly influence, interpret and communicate quarterly profitability reviews.
  • Provide clear and concise communication of technical concepts and work products to underwriters, managers, and senior leadership within Majors Accounts and Actuarial and Analytics.
  • Collaborate with Reserving teams to support and influence reserve deep dives.
  • Collaborate with Pricing LOB, DSS Modeling, and Technology teams on tools and projects to enhance pricing and influence underwriting strategy.
  • Coach and mentor junior colleagues and perform peer review on work products to maintain high standard of quality.

 

We are open to fill as a Senior Actuary Analyst or Actuary depending on candidate experience

 

Preferred Qualifications:

  • 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.
  • Minimum 3-5 years relevant experience required for Senior Actuarial Analyst.
  • Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred.
  • Sound knowledge of actuarial techniques and standards, as well as business operations including underwriting, financial, claims, legal etc.
  •  Ability to work in a fast paced and dynamic environment, responding to business demands in a changing marketplace.
  • Strong communication and interpersonal skills. Ability to deliver effective training and presentations to field staff and senior management.
  •  Ability to establish and build effective relationships within and outside the organization.
  •  Strong data manipulation skills including the ability to query, consolidate, and test for reasonability needed.
  •   Advanced computing skills (MS Office Excel, SAS, etc.) required.
Qualifications
  • Bachelor's degree required; Masters Degree preferred.
  • Fellowship in the Casualty Actuarial Society (FCAS) or in Society of Actuaries (FSA) designation preferred or comparable education/designation with relevant experience.
  • Attaining Associateship alone is not a sufficient criterion to operate at this level, especially if exams have been passed very rapidly.
  • Minimum 5-7 years relevant experience required for Actuary
  • 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.); Ability to build complex models.
About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. 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. 

 

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

  

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.  
  
Fair Chance Notices  

Other facts

Tech stack
Analytical Skills,Communication Skills,Actuarial Techniques,Data Manipulation,Modeling Skills,Mentoring Skills,Collaboration,Problem Solving

About Liberty Mutual Insurance

At Liberty Mutual, we believe progress happens when people feel secure. For more than 110 years we have helped people and businesses embrace today and confidently pursue tomorrow by providing protection for the unexpected and delivering it with care.

A Fortune 100 company with more than 40,000 employees in 28 countries and economies, we are the ninth largest global property and casualty insurer and generate more than $50 billion in annual consolidated revenue.

We operate through three strategic business units: US Retail Markets, providing auto, home, renters and other personal and small commercial lines property and casualty insurance to individuals and small businesses countrywide; Global Risk Solutions, delivering a full range of comprehensive commercial and specialty insurance, reinsurance and surety solutions to mid-size and large businesses worldwide; and Liberty Mutual Investments, deploying more than $100 billion of long-term capital globally across its integrated platform to drive economic growth, power innovation and secure Liberty Mutual’s promises.

For more information, visit www.libertymutualinsurance.com.

Team size: 10,001+ employees
LinkedIn: Visit
Industry: Insurance

What you'll do

  • The Pricing Actuary will support Risk Management Underwriting teams by providing account-level pricing support and performing complex actuarial analyses. The role involves collaborating with various teams to enhance pricing strategies and mentoring junior colleagues.

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Frequently Asked Questions

What does a Pricing Actuary- Majors Account do at Liberty Mutual Insurance?

As a Pricing Actuary- Majors Account at Liberty Mutual Insurance, you will: the Pricing Actuary will support Risk Management Underwriting teams by providing account-level pricing support and performing complex actuarial analyses. The role involves collaborating with various teams to enhance pricing strategies and mentoring junior colleagues..

Why join Liberty Mutual Insurance as a Pricing Actuary- Majors Account?

Liberty Mutual Insurance is a leading Insurance company.

Is the Pricing Actuary- Majors Account position at Liberty Mutual Insurance remote?

The Pricing Actuary- Majors Account position at Liberty Mutual Insurance is based in Boston, Massachusetts, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Pricing Actuary- Majors Account position at Liberty Mutual Insurance?

You can apply for the Pricing Actuary- Majors Account position at Liberty Mutual Insurance directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Liberty Mutual Insurance on their website.