• Company:
    Liberty Mutual Group
  • Location:
    Boston, MA 02108
  • Job Category:
    Education/Training
  • Industry:
    All
  • Status:
    Full Time, Employee
  • Career Level:
    Manager (Manager/Supervisor of Staff)
  • Reference ID:
    09420
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Manager of Research - Property Research
Job Description

Boston-based Liberty Mutual Group is a diversified global insurer and fifth largest property and casualty insurer in the U.S. based on 2008 direct written premium. The Company also ranks 86th on the Fortune 500 list of largest corporations in the U.S. based on 2008 revenue. As of December 31, 2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities and $28.9 billion in annual consolidated revenue.

Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety.

Liberty Mutual Group (www.libertymutualgroup.com) employs over 45,000 people in more than 900 offices throughout the world.

Advance your career at Liberty Mutual - A Fortune 100 Company!
 
Liberty Mutual Personal Markets sells auto, property, and specialty lines business through a multi-channel direct operating model.  The SBU's strategy focuses on distributing personal lines insurance through affinity relationships and developing best in class countrywide pricing plans and products that are flexible enough to adapt to each state's regulatory and competitive marketplace.
 
Personal Markets - Product Management Property Research has an opening for an Actuary of Property Risk Analytics/Loss Modeling in the Property Strategic Research group. The group is at the forefront of driving product innovation and price sophistication for the Property product. The position is highly analytical and quantitative in nature and requires experience in Predictive Modeling and a solid understanding of statistical modeling techniques. Comfort with working on large datasets is a must. Supervisory experience is preferred but not required. FCAS or PhD (in a quantitative discipline like Statistics, Mathematics, Economics etc.) is preferred.
 
Responsibilities:
  • Support the business group's profit and growth objectives by establishing the strategy/ objectives for the research group, managing/ performing advanced actuarial analyses and predictive modeling in the areas of Property Pricing, Peril loss modeling etc and by partnering with Underwriting/ Claims/ IT teams in the Personal Markets organization.

  • Develop new underwriting and pricing programs to assist meeting SBU goal of being an industry leader in pricing sophistication. Manage the innovation cycle of generating insights, championing ideas, implementing projects and delivering results. Expected to leverage both a) cutting-edge modeling & analysis and b) partnerships with other PM organizations like Claims to generate ideas and insights.

  • Lead, coach and mentor a group of highly talented research analysts involved in performing price modeling/ predictive analysis for Property product. Hire top talent and motivate the team to advance the agenda

  • Provide consultation to senior managers and underwriting staff on actuarial, financial, and product planning.  Manage or participate in analysis & research to identify variables that are predictive of differences in loss costs, retention and conversion. Make recommendations to change pricing and improve risk selection

  • Monitor developments in predictive modeling techniques and industry research;  Engage with external vendors; Researches laws and regulations; Analyze developments in the marketplace.


Qualifications:


  • Strong analytical skills with solid understanding of Predictive Modeling/ Statistical techniques (GLM's etc.) and their application to pricing strategies.

  • 4 -6 years progressively responsible experience in a Fortune 500 company; P & C Insurance industry experience preferred; Financial services industry experience a must

  • Ability to communicate highly analytical and complex ideas to broad spectrum of audience both verbally and orally; Ability to influence Senior Management and partner organizations.

  • Knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments is preferred.

  • Ability to establish and build effective relationships within and outside the organization.

  • Education: FCAS or PhD (in a quantitative discipline) preferred

 


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

  • Long-term care 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.
 
Responsibility. What's your policy?



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