Actuary

Job Category: Actuarial

Minimum Salary: $117,000.00

Maximum Salary: $225,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Description:

Liberty Mutual, North America Actuarial & Analytics, Property Pricing Design & Analysis - Actuary

Job Summary:

North America Specialty Property Pricing is looking for an Actuary to advance the pricing of Majors Inland Marine business. Responsibilities span several product lines, including Builders Risk, Contractors Equipment, and other specialty Marine products.

In this role, you will drive the business segment's profit, growth, and operational objectives by performing actuarial analyses for these growing and evolving lines of business. You will be responsible for traditional actuarial rate making analysis, including rate indications, profit reviews, and new product pricing & filings.

This position will act as direct support for the Property segment leaders, helping drive the strategic vision through partnerships with various internal customers, including DSS, Product, Reserving, and systems groups.

Role requires a highly organized, self-motivated individual with strong technical skills as well as collaboration & communication. The ideal candidate will have Property, DOI engagement, systems engagement, and coding expertise.

Responsibilities:

• Act as trusted advisor and direct partner to Property segment leaders & teams.
• Build deep expertise and insight into Marine portfolios and data.
• Ownership of pricing models, filed rating algorithms, data, and processes.
• Oversee annual indication & profit review process for influencing pricing levels.
• Provide insights necessary to support the effective use of rating models & areas of opportunity.
• Review, revamp and/or create rate change methods & processes for individual segments.
• Directly support pricing requirements for new products and coverages, including rate filings.
• Collaborate cross-functionally to achieve business objectives and meet field demands.
• Support product ratemaking, underwriting, and operations with data-driven analytics.
• Translate the vision and strategic priorities of Majors P&M into impactful projects that enable underwriters to effectively select and price risks.
• Develop and revise strategic and tactical plans as necessary to meet segment objectives and respond to environmental changes.
• Partner closely with Property Segment Support lead to influence pricing strategy & execution.
• Identify data requirements for analysis, tool development, reporting, and decision making.

Qualifications:

• Bachelor's degree required. Insurance designations desirable.
• Minimum 5-7 years relevant experience required.
• Associateship/Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation required, or comparable actuarial education combined with relevant experience.
• Strong analytical skills with a solid understanding of actuarial techniques and assumptions.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
• Specialty Property knowledge or Marine lines experience preferred.
• Strong technical skills and tool building capabilities (R, Python, or other coding expertise is preferred).

Fair Chance Notices:

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco