Manager, Actuary, Usrm General Liability Indications - Chicago, United States - Liberty Mutual

Liberty Mutual

Verified Company

Chicago, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

Description

The Small Commercial indications team within USRM Risk Analytics is seeking a manager to lead the General Liability indications team.

This team is responsible for rate indication, profitability, and trend analysis for Liberty Mutual and State Auto GL, including BOP 2.0 and the liability part of BOP 3.0.

You will research and analyze internal and industry data to form a holistic assessment of profitability. You will drive process, method, and data improvements. You will work closely with a variety of groups, including Risk Analytics, Small Commercial Product, and the Data Office.

Responsibilities:

Oversee semiannual rate indication analysis, and present findings and recommendations to stakeholders.
Manage rate indications for both the Liberty and State Auto brands, and lead line of business methodology alignment.
Manage a team of 4 analysts and support their development.
Analyze all levers affecting profitability, including loss and exposure trend, rate levels, mix of business, large losses, claim patterns, and loss development.
Research industry trends, and compare indications and trends to other internal and external metrics.
Provide loss ratio and trend estimates in support of profit guidance and the financial plan.
Deliver, maintain, and enhance granular profitability database for both Liberty and State Auto.
Build out indications and data/analytical infrastructure to support BOP 3.0 Liability. Collaborate with other teams and provide input on topics such as rate levels and trends.
Lead research and development of methodology and process improvements.
Use line of business expertise to provide actionable guidance to the business on questions, projects, and initiatives in support of profit and growth.
Present to leaders on research, recommendations, and business impact.

Qualifications

Bachelor's degree required; Masters degree preferred
Fellowship in the Casualty Actuarial Society (FCAS) or nearFCAS designation preferred
510 years progressively responsible experience, including supervisory experience
Ability to foster teamwork and relationships across organizational line
Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to nontechnical individuals internal and external to the organization
Advanced decision making, problem solving and analytical skills
Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences

About Us
At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect.

Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

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.