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Position: Assistant Actuary, Disability Pricing - Liberty Mutual Benefits
Institution: Liberty Mutual Insurance
Location: Boston, Massachusetts, United States
Duties: Liberty Mutual is looking for an Assistant Actuary to support the Group Disability pricing team. This role will focus on Long-Term Disability pricing, including both new business pricing and renewals. Responsibilities also include management of the pricing assumption setting process with particular emphasis on communicating the rationale used to set assumptions. Close collaboration with underwriting is also an important part of the pricing team’s approach
Requirements: Bachelor's degree in Mathematics, Statistics, Finance, or other quantitative field. Demonstrated ability to apply the depth/breadth of actuarial skills and business acumen that often comes from 3 or more years of actuarial experience. Strong analytical skills with solid understanding of actuarial techniques, standards, and assumptions. Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments. Strong verbal and written communication skills. Track record for building effective relationships with both internal and external business partners. Demonstrated ability to exert influence and drive decision marking at the senior manager/executive level
   
Text: Advance your Actuarial career at Liberty Mutual Insurance - A Fortune 100 Company! Liberty Mutual Benefits (LMB) is a new and exciting unit within Liberty Mutual that specializes in Employee Benefits and Individual Life products. LMB Product Management is charged with delivering the products and pricing that drives profitable growth. Within LMB Product, the Disability & Group Life product team has responsibility for a $1.5B block of business. This business has grown rapidly and profitably over the past 5 years. Liberty Mutual is looking for an Assistant Actuary to support the Group Disability pricing team. This role will focus on Long-Term Disability pricing, including both new business pricing and renewals. Responsibilities also include management of the pricing assumption setting process with particular emphasis on communicating the rationale used to set assumptions. Close collaboration with underwriting is also an important part of the pricing team’s approach. This position reports to the Senior Director responsible for Group Disability Pricing. This position will interact with several other teams and be expected to build a strong relationship with partners in underwriting. Group Disability pricing experience and an ASA designation are preferred. Responsibilities: Responsible for pricing of LMB’s Group Long-Term Disability. Leads efforts to set pricing targets for new business and renewals. Performs complex and creative actuarial analyses and cross-functional assignments Assists in developing departmental policies and procedures Collaborates with Underwriting on pricing and renewal processes. Helps communicate the impact of changes to pricing assumptions and tools used by Underwriting Initiates, defines, and manages to completion, studies that underlie actuarial assumptions and are designed to improve risk selection and pricing Develops and integrates predictive modeling capabilities into existing pricing processes Identifies data requirements for analysis, pricing tool development and decision making. Ensures organization uses data effectively to reach profit and growth objectives Provides consultation to senior managers and other managers and staff regarding actuarial, finance, planning, or other analysis for areas impacting the business. Stays abreast of developments in actuarial techniques. Researches relevant laws and regulations. Analyzes developments in the marketplace. Represents the Company on industry and professional committees ',' Advance your Actuarial career at Liberty Mutual Insurance - A Fortune 100 Company! Liberty Mutual Benefits (LMB) is a new and exciting unit within Liberty Mutual that specializes in Employee Benefits and Individual Life products. LMB Product Management is charged with delivering the products and pricing that drives profitable growth. Within LMB Product, the Disability & Group Life product team has responsibility for a $1.5B block of business. This business has grown rapidly and profitably over the past 5 years. Liberty Mutual is looking for an Assistant Actuary to support the Group Disability pricing team. This role will focus on Long-Term Disability pricing, including both new business pricing and renewals. Responsibilities also include management of the pricing assumption setting process with particular emphasis on communicating the rationale used to set assumptions. Close collaboration with underwriting is also an important part of the pricing team’s approach. This position reports to the Senior Director responsible for Group Disability Pricing. This position will interact with several other teams and be expected to build a strong relationship with partners in underwriting. Group Disability pricing experience and an ASA designation are preferred. Responsibilities: Responsible for pricing of LMB’s Group Long-Term Disability. Leads efforts to set pricing targets for new business and renewals. Performs complex and creative actuarial analyses and cross-functional assignments Assists in developing departmental policies and procedures Collaborates with Underwriting on pricing and renewal processes. Helps communicate the impact of changes to pricing assumptions and tools used by Underwriting Initiates, defines, and manages to completion, studies that underlie actuarial assumptions and are designed to improve risk selection and pricing Develops and integrates predictive modeling capabilities into existing pricing processes Identifies data requirements for analysis, pricing tool development and decision making. Ensures organization uses data effectively to reach profit and growth objectives Provides consultation to senior managers and other managers and staff regarding actuarial, finance, planning, or other analysis for areas impacting the business. Stays abreast of developments in actuarial techniques. Researches relevant laws and regulations. Analyzes developments in the marketplace. Represents the Company on industry and professional committees ',' Qualifications: Bachelor's degree in Mathematics, Statistics, Finance, or other quantitative field Associate of the Society of Actuaries (ASA) is preferred Experience with Group Disability insurance pricing is preferred Demonstrated ability to apply the depth/breadth of actuarial skills and business acumen that often comes from 3 or more years of actuarial experience Strong analytical skills with solid understanding of actuarial techniques, standards, and assumptions Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments Strong verbal and written communication skills Track record for building effective relationships with both internal and external business partners Demonstrated ability to exert influence and drive decision marking at the senior manager / executive level 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 homeowner's insurance Discount fitness memberships Flexible spending accounts Tuition reimbursement Vision care coverage Work/Life resources Credit Union membership Employee and Dependent life insurance Disability insurance Accidental death & dismemberment 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 Company's 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. 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