Boston MA

Chicago IL

New York NY

Philadelphia PA

Remote

Seattle WA

Stamford CT

Part Qualified

Associate

Qualified

Life

Property & Casualty

Reserving

Reporting

Data

Risk

Python

Data Science

Pricing

Machine Learning

Excel

ResQ

Liberty Mutual is an American insurance company founded in 1912. It offers a range of insurance products including auto, home, and life insurance. Liberty Mutual is known for its "Liberty Stands with You" slogan and its commitment to customer service. It operates in over 30 countries and employs thousands of people worldwide.

Liberty Mutual

Job DescriptionJob Category: ActuarialTypical Starting Salary: $239,800 - $319,300Minimum Salary: $200,000.00Maximum Salary: $359,000.00Schedule: Full-TimeFlexible Time Off Annual Accrual: 25 daysApplication Deadline: 6/10/2025Description:To lead and manage the global LMRe casualty actuarial team. Reporting to the LMRe Chief Actuary, you will drive actuarial pricing and business planning support that develops portfolio and risk level insights to improve underwriting performance, drive profitable growth, and deliver against operational and strategic goals.You’ll be expected to apply a comprehensive understanding of the casualty reinsurance market to influence underwriting and risk selection. You’ll be responsible for developing global casualty pricing capabilities, ensuring consistent approaches, and collaborating with stakeholders within and outside of LMRe.This team requires alignment and partnering with Global Actuarial Solutions and Reserving teams to provide a unified Actuarial Function to business stakeholders that enables clear and effective decision making.This role leads a team of student and qualified actuaries, with regional leads in Stamford, London, and Paris.Key Responsibilities:<ul><li>Manages a team of actuaries delivering individual account pricing support to underwriting, including new business and performance monitoring versus target return criteria.</li><li>Partners with underwriting, claims, and portfolio management to identify areas in which actuarial can have the greatest impact and provide trusted advice to deliver top-quartile business performance.</li><li>Delivers trend studies and development priorities for LMRe’s casualty pricing tools.</li><li>Owns the actuarial selected loss ratios within the financial plan.</li><li>Delivers portfolio profitability “deep dives” to prospectively inform the risk vs reward impact on financial planning, underwriting postures and appetite, remediation, and growth strategies.</li><li>Collaborates with and influences aligned business support functions across GRS and LMRe to deliver an aligned go-to market strategy.</li><li>Compliance and reporting against internal and regulatory pricing and underwriting risk management principles and standards.</li></ul>Qualifications:<ul><li>Proven track record in leadership, influencing, innovation, and people development upskilling.</li><li>Qualified Actuary with extensive post-qualification experience in US and international reinsurance casualty markets.</li><li>Familiarity with the corporate and regulatory requirements governing the major markets in US, Europe, AsiaPac, Lloyd’s, and Bermuda.</li><li>Extensive reinsurance pricing experience, covering the best practice techniques used to price US and international casualty treaties.</li><li>Desirable to have experience in complex, multi-year, global pricing transformation programmes working across different cultures.</li><li>Excellent IT skills – with experience in Hx and Python advantageous.</li><li>Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise, and appreciation of actuarial techniques.</li><li>Commercially minded, with gravitas to influence and negotiate on well-considered risk-based decision making.</li></ul>Fair Chance Notices:We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers.<ul><li>California</li><li>Los Angeles Incorporated</li><li>Los Angeles Unincorporated</li><li>Philadelphia</li><li>San Francisco</li></ul>

Job Category: ActuarialMinimum Salary: $136,850.00Maximum Salary: $166,100.00Schedule: Full-TimeFlexible Time Off Annual Accrual: 20 daysPay 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.Description:<ul><li>Develop detailed reserve estimates for the Commercial General Liability (CGL) book of business in a timely manner.</li><li>Present selections quarterly to senior management throughout the actuarial and finance departments.</li><li>Recognize internal and external changes that influence unpaid loss estimates, and incorporate into analyses.</li><li>Effectively document assumptions and highlight ranges and sources of risk.</li><li>Build strong relationships and collaborate closely with the claims, finance, and information management departments.</li><li>Prepare analyses to support the financial plan for the CGL book of business.</li><li>Assist in various internal and external reporting requirements.</li><li>Build and implement process improvement initiatives in collaboration with other actuarial teams and cross-functional stakeholders.</li><li>Telecommuting permitted up to 60%.</li></ul>Qualifications:The position requires a Bachelor’s degree (or foreign equivalent) in Mathematics, Statistics, Economics, Actuarial Science, or related field plus 3 years of experience in the job offered or a Senior Actuarial Analyst-related position.Position requires passing grades on a minimum of 4 Casualty Actuarial Society exams.Position also requires demonstrable experience with the following:<ul><li>Basic actuarial techniques and standards, as well as other business operations including financial, underwriting, and claims.</li><li>Building models of moderate complexity for the purposes of analyzing insurance data and estimating unpaid claim liabilities. Software tools including ResQ, SAS, and SQL.</li></ul>Fair Chance Notices:As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits, and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.We are proud to support a diverse, equitable, and inclusive workplace, where all employees feel a sense of community, belonging, and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn, and engage.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.Fair Chance Notices:<ul><li>California</li><li>Los Angeles Incorporated</li><li>Los Angeles Unincorporated</li><li>Philadelphia</li><li>San Francisco</li></ul>

The Actuarial Planning, Performance, and Portfolio Management team is seeking an Actuary to work in the Planning function. This role offers opportunities to expand your knowledge of diverse insurance products, collaborate with colleagues across various groups, gain big picture awareness of financial metrics, and influence prospective loss ratio Plans.As an Actuary on the Planning team, you will conduct independent reviews of Plan loss ratios, identify risks to Plan across GRS business segments, and coordinate the assembly and delivery of key information to leaders and stakeholders. Candidates should be independent and motivated, organized, have strong communication skills, and be comfortable challenging other actuaries.<ul>Responsibilities:<li>Conduct independent reviews of Plan loss ratios for GRS Planning classes, assess a variety of internal assumptions and supplementary analyses/information, and document support for selections</li><li>Build relationships with local Planning actuaries; drive discussions, challenge assumptions, explain your alternative approach and rationale if applicable, and work together to minimize differences of loss ratio opinion</li><li>Collaborate with other teams within GRS to leverage existing work, and drive consistency in data and methods</li><li>Aggregate information across GRS for management views, Planning presentations, and data insight that will support actuarial analyses within and outside of the team</li><li>Proactively identify opportunities to strengthen our team’s output, including building and enhancing tools and methods for Planning and related processes</li></ul>Qualifications:<ul><li>Bachelor’s degree required; Master’s degree preferred.</li><li>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.</li><li>Minimum 5-7 years relevant experience required.</li><li>Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.</li><li>Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.</li><li>Ability to motivate and mentor peers and motivate and train subordinates.</li><li>Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.</li></ul>

<ul><li>Partners with the Head of Underwriting Performance to design, implement and operate a mechanism to drive the business toward GRS performance objectives and achievement of our $1 billion underwriting profit opportunity.</li><li>Build and advance the Actuarial capabilities to identify drivers of and actionable insights into our underwriting performance.</li><li>Develop capabilities to have a robust house view on trend, profitability and other actuarial areas.</li><li>Works with the Chief Actuary, Planning, Performance &amp; Portfolio Management to design and build out a high performing team.</li></ul>Strategy &amp; Planning:<ul><li>Partners with the Head of Underwriting Performance to create a standardized approach and process for underwriting performance management.</li><li>With Chief Actuary, Planning, Performance &amp; Portfolio Management, leads and creates development of Actuarial strategy around performance management.</li><li>Works with counterparts to build, maintain and monitor the framework for setting underwriting Objectives and Key Results (OKRs), including developing a GRS-wide standards for Key Performance Indicators (KPIs) and associate metrics.</li><li>Supports development and maintenance of a house view framework to inform strategies and portfolio decisions, leading for Actuarial own topics (e.g., rate and trend).</li></ul>Execution:<ul><li>Supports formulation of a consistent performance management framework and process across GRS, standardizing core metrics and visualizations and reporting cadence, as well as efforts to roll-out and reinforce.</li><li>With counterparts in Actuarial Planning, Performance &amp; Portfolio Management, determines and defines standardized metrics and supports roll-out and adoption across segments.</li><li>Partners to gather and synthesize underwriting data and analytics requirements.</li><li>Regularly aggregates and monitors business performance across GRS segments and products, identifies risks and opportunities, and collaborates to provide insights to senior leadership and contributes to exchange and discussions in business performance discussions.</li><li>Develops insight and analytics on loss trend and profitability drivers (internal and external), formulating and regularly communicating a house view to inform business decisions and strategies, working to advance and innovate our capabilities.</li><li>Establish a structure, process and cadence for reporting out on Actuarially owned metrics and trend.</li><li>Collaborate with cross-functional areas such as Underwiring, Finance, and Claims, as well as across business units, to understand and isolate drivers.</li><li>Conducts research and analysis to identify opportunities and support strategic initiatives.</li><li>Develop and maintain the appropriate capabilities, tools and processes to monitor and report results and insights at the GRS level.</li><li>Create a culture of innovation to build and enhance models, analysis, and tools, as well as create efficiencies in our processes.</li><li>Provides insights and guidance to actuarial and cross-functional peers.</li><li>Acts as an actuarial thought leader on trend and related topics for GRS.</li></ul>Talent Management<ul><li>Develops and nurtures key talent and supports effort to enhance actuarial capabilities across GRS Actuarial.</li><li>Keeps abreast of new actuarial methodologies, trends and product/ tort reforms and other external issues.</li></ul>Responsibilities<ul><li>Oversees work on unusually complex cross-functional and/or cross-organizational problems and provides solutions that are creative strategic.</li><li>Develops departmental policies procedures.</li><li>Sets vision, goals and direction of team/organization.</li><li>Exerts organization wide influence.</li><li>Manages the actuarial operations for the group by establishing priorities, scheduling, and assigning work, Adjusts schedules when necessary to meet completion dates, and assists others with resolving complex problems while ensuring adherence to policies, procedures, and objectives.</li><li>Directs and performs actuarial analyses for a business segment and determines courses of action on issues such as pricing, reserves, or product development May oversee the preparation and interpretation of the data used to support rate filings with state departments of insurance.</li><li>Initiates, manages, and/or participates in, studies that underlie actuarial assumptions and that are designed to improve risk selection, pricing, reserve setting, etc..</li><li>Provides consultation to senior managers and other groups regarding actuarial, financial, strategic, business planning or other matters. Applies a comprehensive understanding of the business implications and exerts significant influence over the courses of action taken.</li><li>Uses the objective setting and performance evaluation processes to ensure employees understand the expectations, receive regular feedback, and are appropriately developed and rewarded. Deals decisively with performance and/or conduct issues using the performance management process.</li><li>Identifies data requirements for analysis, tool development, reporting, and decision making. Ensures the organization uses it effectively to reach profit and growth objectives.</li></ul>Qualifications<ul><li>Bachelor’s degree required</li><li>Insurance designations desirable</li><li>Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience</li><li>Demonstrated ability to apply the depth/breadth of actuarial skill and business acumen that often comes from at least 3-5 years of highly technical casualty insurance and management experience since attaining fellowship in the CAS</li><li>(Overall) 10 or more years of progressively more responsible experience, including managerial experience</li><li>Analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions</li><li>Expert knowledge of insurance operations and P&amp;C insurance business</li><li>Ability to manage a mix of assignments that tend to be more strategic than tactical</li><li>Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing</li><li>Demonstrated ability to anticipate areas of senior management concern, integrate different perspectives, and respond accordingly</li><li>Exceptional interpersonal and communication skills required to establish and build effective relationships within and outside the organization</li><li>Ability to give effective training and presentations to senior management and other groups</li><li>Demonstrated ability to organize, lead, and get work done through others</li><li>Demonstrated ability to select and develop staff members</li><li>Demonstrated ability to exert influence among operating managers on matters of importance</li><li>Demonstrated ability to influence senior managers on matters of significant importance</li></ul>

The Global Retail Markets (GRM) Reserving Special Projects Actuary will have two primary responsibilities that exemplify the risk-based reserving and innovation focus of the broader department. The first is to be a versatile reserving expert, uncovering deep insights into problem lines and coverages.This will require having a broad spectrum of industry and internal knowledge across all of GRM. The second is to constantly elevate the reserving practice of the department into the future by continually researching and implementing advanced method and solutions to broad scope problems from data start to process finish. Experience with Data Science is strongly preferred.Ideal candidate will have:<ul><li>Data science modeling experience with Generalized Linear Models (GLM) or Time Series within R or Python.</li><li>Prior reserving experience.</li><li>ACAS/FCAS.</li><li>Self-starter, initiative for innovation.</li></ul>Responsibilities:<ul><li>Ability to synthesize a broad array of information.</li><li>Natural curiosity to research, explore, and implement new areas of interest pertinent to reserving and modeling.</li><li>Ability to independently ideate and execute successful deep dives into areas of interest and value-add for given coverages of high-activity.</li><li>Knowledge of, or ability to quickly learn, various modeling methodologies (including, but not limited to, Time Series, GLMs, and Machine Learning techniques) and ability to design and build models from the ground up based on broader specifications.</li><li>Comprehensive knowledge of reserving practices and techniques including more advanced methodologies.</li><li>Comprehensive understanding of all lines and coverages in the LTL business with respects to claims initiatives history, data nuances, and industry trends.</li><li>Ability to lead and mentor others through short and long-term projects.</li><li>Clear and concise communication and presentation of advanced topics to a broad audience.</li></ul>Qualifications<ul><li>Bachelor’s degree required; Master’s degree preferred.</li><li>Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred or comparable education/designation with relevant experience.</li><li>Minimum 5-7 years relevant experience required.</li><li>Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.</li><li>Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.</li><li>Ability to motivate and mentor peers and motivate and train subordinates.</li><li>Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.</li></ul>

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