DescriptionIn this position, you will be leading a team whose mission is critical to both top-line and bottom-line performance. You will support profit, growth and operational objectives by providing external actuarial support for key filed product initiatives for the Personal Auto line of business, including state-level rate changes, targeted rate changes, and support of various new products and programs. This involves the initial submission of actuarial justifications, and continued verbal and written negotiations with regulators throughout the objection and approval process. Strong interpersonal and communication skills are essential for interactions both externally and internally.
In this role, you will perform analysis in pricing and product development and partner with various other functions such as state analytics, planning, rate revision, and countrywide rollout teams. In addition to state level assignments, we establish and promote subject matter expertise in areas such as various data sources and processes used within our group. The candidate will need to be able to provide data and analytical support for projects independently and be a thought partner to internal stakeholders.
**This role may have in-office requirements dependent upon candidate location.**
Responsibilities:
- Provide actuarial support for state filings for rate and other new initiatives.
- Lead team of five actuaries / analysts.
- Provide analytical insight and recommendations to State Directors to inform business decisions.
- Track state-level requirements for actuarial assumptions in filings and apply them appropriately.
- Develop subject matter expertise which can be leveraged countrywide.
- Own continuous improvement of processes to ensure efficiency, accuracy, and effectiveness of external actuarial support that are quickly integrated in daily work routines.
- Queries data for requests outside of base rate support and drive deep dives on an ad-hoc basis.
- Communicate effectively with external regulators in writing and verbally, to support business outcomes.
Qualifications
- Bachelor's degree required; Masters degree preferred.
- Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred.
- 5-10 years progressively responsible experience, including supervisory experience.
- Ability to foster teamwork and relationships across organizational line.
- Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
- Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization.
- Advanced decision making, problem solving and analytical skills.
- Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences.
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.
- California
- Los Angeles Incorporated
- Los Angeles Unincorporated
- Philadelphia
- San Francisco