Job title: Senior Actuarial Analyst, Personal Auto Liability Reserving
Company: State Auto
Job description: DescriptionU.S. Retail Markets (USRM) Actuarial Reserving team is looking for a Senior Actuarial Analyst to support the Personal Auto Liability quarterly reserve review process. This position is responsible for internal assessments of reserves with a focus on protecting the USRM balance sheet via early and effective recognition and communication of key trends and risks. Other responsibilities include participation with innovation efforts focused on improving reserving analyses and the implementation of process improvement initiatives to support reserving unit goals and cross-functional needs.A successful candidate displays leadership and possesses strong analytical, critical thinking, and communication skills and is able to synthesize information from multiple sources to piece together a clear, cohesive reserve opinion and present to senior leadership.**This role may have in-office requirements based on candidate location.**Responsibilities:
- Own the quarterly reserve review for assigned Personal Auto Liability coverage(s) and communicate results to Senior Management
- Partner with stakeholders in Claims, Trends, and Product to understand impact from internal and external factors on reserves, loss development patterns, and trends
- Monitor and analyze USRM and industry trends to ensure reserve estimates incorporate the impact of ongoing changes in the legal and operational environment
- Execute deep-dive analyses on Personal Auto Liability segment(s) to uncover impactful analytics and insights
- Build and improve on existing diagnostics to effectively and efficiently execute on quarterly reserve reviews
- Explore and develop technical skills to improve analytics sophistication (SAS, PowerBI, etc.)
- Champion innovation and continuous improvement efforts within USRM Actuarial Reserving, as well as across SBUs
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**This position may have in-office requirements depending on candidate location.**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 has proudly been recognized as a “Great Place to Work” by Great Place to Work® US for the past several years. We were also selected as one of the “100 Best Places to Work in IT” on IDG’s Insider Pro and Computerworld’s 2020 list. For many years running, we have been named by Forbes as one of America’s Best Employers for Women and one of America’s Best Employers for New Graduates as well as one of America’s Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: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: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
Expected salary: $176000 per year
Location: Boston, MA – Seattle, WA
Job date: Thu, 16 Jan 2025 08:15:36 GMT
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