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Business Analyst, Actuarial and Analytics
Liberty Mutual
Boston, MA, United States
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Description
Advance your career at Liberty Mutual Insurance- A Fortune 100 Company!
The Underwriting Strategy & Performance team manages Global Risk Solution’s underwriting strategy and risk appetite. USP also helps achieve underwriting excellence through the creation of risk selection and portfolio optimization tools that utilize advanced stastical techniques.
The Actuarial & Analytics team within USP analyzes balance sheet liabilities for a wide variety of direct and reinsurance exposures, including Liberty Mututal Insurance legacy asbestos and environmental claim types.
As a Business Analyst II within USP’s Actuarial & Analytics Department, you will:
• Gather, organize, and reconcile data needed for the asbestos and environmental reserve reviews.
• Assist in actuarial projections of asbestos, environmental and reinsurance claim liabilities.
• Construct and update exhibits to support actuarial studies.
• Conduct various ad hoc analyses requiring financial modeling skills.
• This position reports to the Asbestos Actuary within the Actuarial & Analytics Department.
Job Responsibilities:
• Create and maintain baseline data and reports to support the Asbestos Ground-Up Study and the LMIC Pollution Study.
• Assist in projecting unpaid loss and ALAE for selected asbestos accounts and other asbestos and environmental (A&E) liabilities, using Liberty Mutual’s proprietary Ground-Up Asbestos model and various aggregate methods.
• Compile claims financial data and analysis for A&E Actuarial Reports. Conduct appropriate follow-up and data verification, as needed.
• Compare actual to expected A&Eresults.
• Support the external audit of A&E reserves by providing data and analysis as needed.
• Work with Resolute Management, a third-party administrator appointed to adjust Liberty’s A&E claims, to coordinate inter-departmental activities which will support achieving business objectives. Resolve problems as needed to ensure prompt, efficient service in accordance with company policies.
• Streamline, improve, and document processes for gathering and analyzing data, and for reporting results.
• Perform special projects as requested.
Qualifications:
• Bachelor’s degree and at least three years of relevant experience.
• Strong analytical skills and lively curiosity, while maintaining close attention to detail and accuracy.
• Good communication skills to explain analytical assumptions, methodologies and results to technical and non-technical audiences.
• Ability to perform analytical work both independently and collaboratively as a project team member or leader.
• Demonstrated proficiency in using Microsoft Excel (VBA, complex formulas, data manipulation)
• Demonstrated proficiency manipulating data in SAS, SQL, MS Access, or similar environment. Experience with the listed software packages are preferred, but not required.
• Java experience a plus, but not required.
• Knowledge of asbestos, pollution, and other toxic tort claim adjustment practices preferred, but not required.
Benefits:
We value your hard work, integrity and commitment to positive change. In return for your service, it’s our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Overview:
At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.
We’re dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.