Senior Actuarial Analyst - Auto Topline Planning
Description
The Auto Topline Planning team within US Retail Markets PL Auto Analytics, Auto Planning and Monitoring is looking for a Senior Actuarial Analyst. The team is responsible for forecasting premium trend and retention, key components of USRM's ~$10 billion Auto DWP Plan. This individual will own analysis, monitoring, and projection of renewal business premium trend drivers & policy retention metrics and will have a direct impact on the PL Auto Plan.
The successful candidate will have strong technical skills, an innate curiosity, be able to independently work across departments, and have the ability to communicate effectively to a variety of audiences.
**This position may have in-office requirements based on candidate location.**
Responsibilities:
Perform complex actuarial analysis for the USRM PL Auto line of business to assist business decision making, financial planning, and strategy development.
Produce quarterly Financial Plan & Reforecast analyses to forecast key metrics for premium trend and retention and report out via presentations and memos on findings, selections, and implications.
Collaborate with business partners from a wide variety of functions including Finance, State Management, Indications, and Loss Planning.
Serve as the subject matter expert and point of contact for partners on premium trend and retention.
Help estimate impacts of product initiatives for premium trend and retention.
Monitor monthly topline results, investigating drivers of variance when comparing to forecast, and report out in MORs on insights explaining significant movements and implications to USRM Chief Actuary.
If applicable, positive progress toward pursuing and passing of required actuarial exams.
Qualifications
Proven math and analytical skills, as normally acquired through the pursuit of a 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 is required.
Minimum 3-5 years relevant experience required.
Prior experience and solid knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
Solid oral and written and presentation communication skills and ability to interact effectively within and outside the organization.
Solid interpersonal skills and the ability to work in a team environment as well as independently.
Ability to motivate and mentor peers and motivate and train subordinates.
Ability to exercise discretion, and apply independent judgment and 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.); Ability to build models of moderate complexity.
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. 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 dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers. 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
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Senior Actuarial Analyst - Auto Topline Planning
Description
The Auto Topline Planning team within US Retail Markets PL Auto Analytics, Auto Planning and Monitoring is looking for a Senior Actuarial Analyst. The team is responsible for forecasting premium trend and retention, key components of USRM's ~$10 billion Auto DWP Plan. This individual will own analysis, monitoring, and projection of renewal business premium trend drivers & policy retention metrics and will have a direct impact on the PL Auto Plan.
The successful candidate will have strong technical skills, an innate curiosity, be able to independently work across departments, and have the ability to communicate effectively to a variety of audiences.
**This position may have in-office requirements based on candidate location.**
Responsibilities:
Perform complex actuarial analysis for the USRM PL Auto line of business to assist business decision making, financial planning, and strategy development.
Produce quarterly Financial Plan & Reforecast analyses to forecast key metrics for premium trend and retention and report out via presentations and memos on findings, selections, and implications.
Collaborate with business partners from a wide variety of functions including Finance, State Management, Indications, and Loss Planning.
Serve as the subject matter expert and point of contact for partners on premium trend and retention.
Help estimate impacts of product initiatives for premium trend and retention.
Monitor monthly topline results, investigating drivers of variance when comparing to forecast, and report out in MORs on insights explaining significant movements and implications to USRM Chief Actuary.
If applicable, positive progress toward pursuing and passing of required actuarial exams.
Qualifications
Proven math and analytical skills, as normally acquired through the pursuit of a 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 is required.
Minimum 3-5 years relevant experience required.
Prior experience and solid knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
Solid oral and written and presentation communication skills and ability to interact effectively within and outside the organization.
Solid interpersonal skills and the ability to work in a team environment as well as independently.
Ability to motivate and mentor peers and motivate and train subordinates.
Ability to exercise discretion, and apply independent judgment and 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.); Ability to build models of moderate complexity.
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. 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 dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers. 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