Senior Actuary/Senior Managing Actuary Pricing

Liberty Mutual Holding Company Inc. Boston , MA 02298

Posted Yesterday

Advance your Actuarial career at Liberty Mutual Insurance- A Fortune 100 Company!

As a member of the Corporate Pricing and Planning function within Corporate Actuarial, assist in ensuring consistency of actuarial assumptions relating to pricing and planning across the business units of Liberty Mutual. Responsibilities include working with Chief Actuary, Pricing to define and maintain best practices relating to pricing tools, monitors, and implementations and the identification of key segments for independent review and coordinating key assumptions, methodologies, and controls used for loss ratio planning across business units. Apply an understanding of the business implications and influence the courses of action taken and consult with business leaders, staff and other groups regarding actuarial, financial, strategic, business planning, and other matters. Direct and contribute to complex cross-functional and organizational projects having broad impact for business decision-making; Contribute to the setting of standards and models for best practices. Support large actuarial projects that may be outside of regular responsibilities.

Responsibilities:

  • Coordinate and support activity between large Actuarial groups and operating units and across SBUs, i.e. pricing standards and planning assumptions.

  • Regularly interacts with business leaders; conversations are broader than the actuarial function.

  • Support development of the Liberty Mutual pricing strategy.

  • Become expert on matters relating to pricing and planning for assigned areas and advise Corporate Actuarial leadership and other business leaders.

  • Conduct independent assessment of the adequacy of pricing tools and strategy.

  • Performs independent reviews for key planning segments and appropriateness of key assumptions, methodologies, and controls used for loss ratio planning.

  • Conduct research and development on topics including pricing and planning methodologies.

  • Stays abreast of competitors' pricing strategies and methodologies.

  • Contribute to development and maintenance of policies and procedures that advance our Actuarial pricing and planning capabilities company-wide.

  • Boston preferred but open to additional locations.

This is a range posting for a grade 20 Senior Actuary or a grade 21 Senior Managing Actuary

Qualifications:

  • Bachelor's degree required. Insurance designations desirable.

  • Demonstrated expertise in financial management of a P&C business.

  • Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience.

  • Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions.

  • Strong knowledge of insurance operations, procedures and P&C insurance business.

  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.

  • Demonstrated ability to anticipate areas of management concern, integrate different perspectives, and respond accordingly.

  • Exceptional interpersonal and communication skills required to establish and build effective relationships within and outside the organization.

  • Ability to give effective training and presentations to management and other groups.

  • Demonstrated ability to organize, lead, and get work done through others.

  • Demonstrated ability to exert influence over senior managers, operating managers, and others on matters of importance to the SBU.

  • Ability to navigate and willingness to work ambiguous situations.

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, it's our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit:


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Senior Actuary/Senior Managing Actuary Pricing

Liberty Mutual Holding Company Inc.