Actuary- North American Speciality
Develop and maintain rating tools for North American Specialty environmental business
Support the North American Specialty Environmental business's profit, growth, and operational objectives by performing advanced actuarial pricing analyses. Work closely with the Senior Actuary and Underwriters to understand business performance drivers and develop portfolio-level pricing strategies. Complete profitability reviews semi-annually, develop and enhance rating tools, and produce monitoring tools to assess business health.
Why This Role?
Participate in reinsurance placement process and strategic discussions with lead underwriters and claims personnel
Key Responsibilities
- Complete semi-annual profitability reviews of the portfolio
- Develop, maintain, and enhance existing rating models
- Conduct periodic data-driven parameter studies for pricing
- Communicate actuarial analysis results to underwriters, finance, management, and claims
- Participate in discussions with lead underwriters and claims on profitability and strategy
- Respond to ad hoc analysis requests from underwriting, claims, and senior management
Requirements
- Bachelor's degree required
- Associateship or Fellowship in Casualty Actuarial Society (ACAS/FCAS) or Society of Actuaries (ASA/FSA) preferred
- Minimum 5-7 years of relevant actuarial experience
- Advanced computing skills including MS Office Excel and SAS
- Strong analytical and communication skills
- Ability to build relationships and interact effectively within and outside the organization
Required Skills
Indonesia Context
- Working Hours Overlap:
- Flexible — work your own hours
Keywords
View Original Description from The Muse
Original description from The Muse
Description Support the North American Specialty (NAS) Environmental business's profit, growth and operational objectives by performing advanced actuarial pricing analyses. The role will involve working closely with the Senior Actuary and Underwriters to understand drivers of business performance and develop appropriate portfolio level pricing strategies accordingly. Primary responsibilities will include completing profitability reviews, semi-annually, developing, maintaining, and enhancing rating tools, and producing a consistent set of monitoring tools to assess the health of the business. The successful candidate will possess strong analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment. Responsibilities Portfolio analysis: in-depth reviews of the portfolio's composition and profitability Rating models: maintenance and enhancement of existing models and development of new models as necessary Parameter studies: periodic data-driven reviews of pricing parameters Clear communication of results of actuarial analyses to underwriters, finance, management, and claims personnel Participation in discussions with lead Underwriters and Claims personnel regarding profitability and strategic direction Participation in the reinsurance placement process as necessary Responding to ad hoc analysis requests from Underwriting, Claims, and senior management Qualifications Bachelor's degree required; Master's degree preferred. Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or in Society of Actuaries (ASA/FSA) designation preferred or comparable education/designation with relevant experience. Minimum 5-7 years relevant experience required. Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc. Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization. Ability to motivate and mentor peers and motivate and train subordinates. Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models. 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. At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve. 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://www.libertymutualgroup.com/about-lm/careers/benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national orig
Openness not stated by employer — check the listing
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