Actuary FCAS at Boston

Liberty Mutual Insurance At Liberty Mutual Insurance, doing the right thing is essential to all that we do. Our commitment to building and sustaining a talented and diverse workforce has helped us to become a global leader in property and casualty insurance. As of December 31, 2012, Liberty Mutual Insurance had $36.9 billion in annual consolidated revenue. Our financial strength and profitability rely on the skills, knowledge, and creativity of our more than 50,000 employees in over 900 offices worldwide. As number 81 on Fortune Magazines list of the 100 largest corporations in the U.S., we have the resources and training our employees need to drive our business forward and be successful in an ever-evolving, complex world. Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutual.com) employs over 45,000 people in more than 900 offices throughout the world.

Advance your actuarial career at Liberty Mutual - A Fortune 100 Company!

Are you looking for a position where you can directly influence and impact the business? Our Property Research group is seeking talent to join their growing and highly visible Product Management group. Come join an amazing team where you can utilize your actuarial skills and more!

Personal Insurance Property StrategicResearch teamhas an opening for an Actuary or Director II position. This person manages a team of 4 to 5 direct reports and will be responsible for a variety of tasks. The position requires strong analytical skills, with creativity in problem solving. This person must demonstrate ability to take on full ownership and drive projects forward to completion. Solid communication skills are essential as there will be many interactions with other functional areas (e.g. Finance, Marketing, Distribution, Claims) and opportunities to present to senior management. Much of the work will involve SAS and/or predictive modeling, so experience in these areas (or a desire to learn) is required.

Responsibilities:

Inform strategic decision-making for the personal Property book of business
Provide thought leadership in advancing the Property pricing, underwriting or product agenda
Provide CW guidance in key business areas (i.e. Retention, Conversion, Rate, etc.)
Develop frameworks to forecast the impacts of various initiatives and recommend optimal strategies
Manage the innovation cycle of generating insights, championing ideas, implementing projects and delivering results
Manage 3rd party distribution channel relationship, support Distribution with efficient acquisition strategy
Perform complex ad hoc analyses
Support the business groups profit and growth objectives by managing/ performing advanced analyses and predictive modeling
Test innovative approaches to traditional business challenges
Develop and implement new tools or processes that optimize economic value within our business model
Critical leadership responsibilities
Attend industry and internal meetings; represent company at external meetings as necessary
Develop project plans, execute on deliverables within agreed upon timeframes, communicate results and make recommendations to address issues
Provide guidance to actuarial analysts, management and other internal customers
Mentor and develop actuarial and research analysts
Strong analytical skills with some understanding of Predictive Modeling/ Statistical techniques (GLMs etc.) and their application to pricing strategies.

 Requirements

Qualifications:

4 -6 years progressively responsible experience in a Fortune 500 company; P & C Insurance industry experience preferred; Financial services industry experience a must
Ability to communicate highly analytical and complex ideas to broad spectrum of audience both verbally and orally; Ability to influence Senior Management and partner organizations.
Knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments is preferred.
Ability to establish and build effective relationships within and outside the organization.
Education: FCAS or M.S. (in a quantitative discipline) preferred

Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:

• 401K and Company paid pension plan
• Medical coverage
• Dental coverage
• Paid time-off
• Pay-for-Performance
• Discounts on automobile and homeowners insurance
• Discountfitness memberships
• Flexible spending accounts
• Tuition reimbursement
• Vision care coverage
• Work/Life resources
• Credit Union membership
• Employee and Dependent life insurance
• Disability insurance
• Long-term care insurance

Overview:
We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way.

We believe that the Companys success is inextricably linked to our employees satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success.

We believe our employees take pride in knowing that they help people live safer more secure lives everyday.

Responsibility. Whats your policy?

Country: USA, State: Massachusetts, City: Boston, Company: Liberty Mutual Insurance.