Job Description

Liberty Mutual Global Retail Markets Actuarial is seeking an Assistant Actuary for the Business Lines Loss Trend Analytics team. This individual will be responsible for performing deep dives into emerging loss trend risks; using advanced analytical and multivariate techniques to forecast claim frequency and severity for both Liberty Mutual and the industry; and communicating the results of their work to senior management and other stakeholders.

The successful candidate will have good business judgment and influencing skills, enjoy identifying and solving complex analytical problems, be comfortable owning and independently driving projects that receive significant visibility, and possess the ability to explain such work in non-technical (business) contexts. Good communication and collaboration skills are essential as there will be a significant level of interaction with other functional areas (e.g., Product, Claims, and Reserving).

Responsibilities:

* Perform in-depth analytical analyses, using univariate and multivariate approaches, to explain historical frequency and severity and forecast future loss trends for Business Lines
* Stay current on forces that could impact loss trends today or in the future (e.g., supply chain effects on auto and property materials, medical inflation, economic pressures)
* Build and enhance working relationships with cross-functional areas such as Product, Reserving, and Claims to share best practices and provide a consistent loss trend narrative
* Example projects include developing or maintaining generalized linear models for trend projections, deep dives into drivers of loss trend changes, and participation on cross-functional working groups
* Provide clear and concise communication of technical actuarial work to technical and non-technical audiences, cross-functionally, and to senior leadership
* Maintain clear and concise project documentation explaining analysis process, techniques, and assumptions
* Interact with and provide technical assistance and information to peers, senior managers, and others within and outside of the organization
* Mentor, motivate, and train less experienced staff and peers
Qualifications:
* Minimum 35 years relevant experience required.
* Passing grades on a minimum of 7 Casualty Actuarial Exams is required; ACAS preferred.
* Commitment to achieving Fellowship in the Casualty Actuarial Society (FCAS).
* Bachelors degree required.
* Sound knowledge of actuarial techniques and standards, as well as other business operations including finance, product management, and claims.
* Strong 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.
* Strong advanced analytical and problem-solving skills, preferably familiarity with multivariate modeling techniques.
* Ability to work independently and drive projects from inception to completion.
* Strong MS Office Excel and SAS skills preferred; Ability to build complex models.