Director, Actuary

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.

Description
Job Summary:

North America Actuarial & Analytics is looking for an innovative actuarial leader to advance General Liability pricing for a $900M book of business. In this position, you will own the end to end pricing strategy, including rate indications and pricing model development for Primary General Liability. You will serve as the actuarial subject matter expert and provide thought leadership alongside underwriting, product, and actuarial experts to develop new ideas to improve pricing sophistication and process throughout North America General Liability including evaluation of pricing and supporting models that effectively and efficiently differentiate risk. This role will influence a wide group of underwriting organizations through effective communication of their analytical insights and to ensure effective underwriter use of models. In addition, this role has direct responsibility to support the Specialty Casualty primary underwriting group, including evaluation of strategic direction. Successful candidates will collaborate effectively across varied groups to drive actions and consistency where

warranted.

Responsibilities:

• Work across functions to lead complex and creative actuarial pricing analyses for primary General Liability
• Owns end-to-end General Liability pricing and sought out as a subject matter expert
• Performs actuarial analyses for North America General Liability and makes recommendations concerning valuation/reserving, pricing, product development, research/support, business planning, finance or other business area; May prepare and interpret the data used to support rate filings with state departments of insurance.
• Thought partner to the Specialty Casualty primary leadership; fosters partnerships across the North America organization to improve primary General Liability profitability
• Collaborate effectively across casualty teams to deliver a consistent approach to pricing accounts
• Manages or participates in studies that underlie actuarial assumptions and are designed to improve risk selection and pricing including but not limited to rate indications, increased limits analysis and predictive models
• Provides consultation to senior leaders and other groups on issues such as pricing, rates, and related matters, the development and use of pricing models/tools, business planning, contingency plans, or other financial studies.
• Foster partnerships across the North America organization to improve General Liability profitability
• Monitors and analyzes financial results in order to communicate the impact of strategic and operational plans. Develops and revises strategic and tactical plans as necessary to meet corporate objectives and respond to environmental changes.
• Identifies data requirements for analysis, tool development, reporting and decision making; Ensures the organization uses it effectively to reach profit and growth objectives.
• Partner with IT and Data Science Solutions to implement pricing models
• Manages a staff of 4-6 individual contributors

Qualifications

• Bachelor's degree required. Fellowship in the Casualty Actuarial Society (FCAS) designation required, or comparable actuarial education/designation combined with relevant experience.
• Demonstrated ability to apply the depth/breadth of actuarial skills and business acumen with 7 or more years of progressively responsible actuarial experience, including managerial experience.
• Analytical skills with expert understanding of all actuarial techniques, standards, and assumptions.
• Ability to manage a mix of assignments that will be both strategic and tactical.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
• Exceptional ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing, to all levels of management.
• Solid interpersonal and communication skills required to establish and build effective relationships within and outside the organization.
• Demonstrated commitment to Liberty's Values, including a focus on continuous improvement and creating a culture of diversity, equity, and inclusion

About Us
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. 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

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