Unclassified

$91,800 - $166,100/Yr

Liberty Mutual - New York, NY

Full-time

New York, NY

10,001+ employees

Insurance Carriers and Related Activities

About the position

The Senior Actuarial Analyst position at Liberty Mutual Insurance involves supporting pricing for US Financial Lines and Mortgage profit centers. The selected candidate will engage in portfolio analysis, conducting in-depth reviews of portfolio composition and profitability. This includes participating in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction, as well as clearly communicating the results of actuarial analyses to underwriters, finance, management, and claims personnel. The role also requires the maintenance and enhancement of existing rating models and the development of new models as necessary, including periodic data-driven reviews of pricing parameters. Additionally, the Senior Actuarial Analyst will develop a consistent set of monitoring tools to assess the profitability of the business, aiming to provide timely and actionable insights. The integration of analytical models into actuarial analyses to drive business profitability is a key responsibility, along with participation in the reinsurance placement process as necessary. The analyst will also respond to ad hoc analysis requests from Underwriting, Claims, IT, and senior management, retrieving, understanding, and manipulating data related to assigned and related projects while maintaining clear and concise documentation of methods and activities. The position requires a commitment to pursuing and passing required actuarial exams, with a strong preference for candidates living in the Eastern Standard Time (EST) zone. The role is designed for individuals with proven math and analytical skills, typically acquired through a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or a related field. Candidates should have a minimum of 3-5 years of relevant experience and a solid understanding of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, and claims.

Responsibilities

• Support pricing for US Financial Lines and Mortgage profit centers.
• Conduct in-depth portfolio analysis and participate in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction.
• Communicate results of actuarial analyses to underwriters, finance, management, and claims personnel.
• Maintain and enhance existing rating models and develop new models as necessary.
• Conduct periodic data-driven reviews of pricing parameters.
• Develop monitoring tools to assess business profitability and provide actionable insights.
• Integrate analytical models into actuarial analyses to drive business profitability.
• Participate in the reinsurance placement process as necessary.
• Respond to ad hoc analysis requests from Underwriting, Claims, IT, and senior management.
• Retrieve, understand, and manipulate data related to assigned projects while maintaining documentation of methods and activities.

Requirements

• Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
• Commitment to achieving Associateship or Fellowship in the Casualty Actuarial Society.
• Passing grades on a minimum of 5 Casualty Actuarial Exams.
• Minimum 3-5 years relevant experience required.
• Prior experience and solid knowledge of actuarial techniques and standards.
• Solid oral and written communication skills.
• Ability to interact effectively within and outside the organization.
• Solid interpersonal skills and ability to work in a team environment as well as independently.
• Ability to motivate and mentor peers and train subordinates.
• Ability to exercise discretion and apply independent judgment.
• Well-developed critical thinking skills in execution of assignments and projects.
• Ability to balance multiple projects with minimal direction.
• Advanced computing skills (MS Office Excel, SAS, etc.).

Nice-to-haves

• Experience with financial, underwriting, legal, statistics, and claims operations.

Benefits

• Comprehensive benefits package including health insurance, dental insurance, and vision insurance.
• Opportunities for continuous learning and professional development.
• Support for a diverse, equitable, and inclusive workplace.
• Employee Resource Groups (ERGs) for community and engagement.