Professional Development Program Jobs in Massachusetts

This position may have in-office requirements dependent upon candidate location.

Job Summary:

In this role, you will be a key piece of the team that provides full economic and analytical support and drives the profitable growth of the multi-billion personal specialty lines of business. Specifically, you will lead the actuarial work of the newly launched Pet Insurance line by working closely with a wide range of stakeholders throughout the organization. The key responsibilities of this role are to perform actuarial rate indications of the pet insurance products, provide external actuarial support to Departments of Insurance, construct rate strategies, evaluate and monitor product performance, and provide other analytical services with actuarial and line-of-business expertise. As a member of the Specialty Economics organization, you will also work with a group of talented analysts on impactful crossline initiatives and develop subject matter expertise.

Responsibilities:

• Maintain status in Actuarial Development Program
• Produce Actuarial rate level indications for the Pet Insurance products.
• Research and identify drivers of performance and trends and develop actionable rate and non-rate recommendations to drive profit improvement and profitable growth.
• Provide actuarial support for pet insurance filings for rate and other new initiatives
• Develop line-of-business expertise for the pet products and deliver robust profitability views that reflect the latest opinions on experience, trends, and initiatives.
• Effectively communicate project/analysis findings and recommendations to team members and stakeholders throughout the organization.
• Build effective stakeholder relationships and influence decisions and actions on recommended product strategies.
• Retrieve, understands and manipulates data as it relates to assigned and related actuarial projects.
• Lead and support crossline initiatives and other ad hoc projects as necessary.
• Proactively identify and act on method and process improvement opportunities.
• Practice and promote analytical, documentation, and other actuarial best practices.
• Positive progress towards pursuing and passing of required actuarial exams.

The person hired into this role will become a part of our Actuarial Development Program and will rotate within the first two years of hire as part of the Development Program. A requirement of this program is to make positive progress towards achieving ACAS/FCAS.

As an Actuarial Development Program participant, you'll be a valued member of a collaborative community of actuarial teammates.  In this entry-level rotational program, you'll complete two rotations across a variety of disciplines, including reserving, pricing, modelling, and analytics. This role will count as your first rotation.

• 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 in the Casualty Actuarial Society.
• Passing grades on a minimum of 2 Casualty Actuarial Exams is required.
• Minimum 2-4 years relevant experience required.
• Prior experience and knowledge of basic actuarial techniques and standards and insurance operations.
• Solid oral and written and presentation communication skills.
• Solid interpersonal skills and the ability to work in a team environment as well as independently.
• Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments.
• Ability to balance multiple projects with some direction.
• Intermediate MS Office Excel and SAS skills
• Ability to build simple models; Programming skills are desirable.

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.At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve. 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: https://www.libertymutualgroup.com/about-lm/careers/benefitsLiberty 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

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