Actuarial Assistant, Life - Dover, NH at Liberty Mutual Insurance, Portsmouth, NH

Liberty Mutual Insurance “Helping people live safer, more secure lives” since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and third largest property and casualty insurer in the U.S. based on A.M. Best Company’s report of 2010 net written premium. Liberty Mutual also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue. Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutual.com) employs over 45,000 people in more than 900 offices throughout the world. Advance your Actuarial career at Liberty Mutual - A Fortune 100 Company!
 
Under direct supervision the Acturial Assistant will assist in providing actuarial services, including product development and pricing, dividend and rate setting, illustration testing, reserving, cash flow testing, experience studies, and financial reporting.  May work in the Product Management or Actuarial teams.
 
Responsibilities:

• Maintain status in Actuarial Student Development Program
• Performs routine pricing, dividend, cash value, or reserve calculations
• Assists in the preparation of reports or studies
• Acquires a working knowledge of individual products and systems; develops proficiency in current spreadsheets, computer languages, and actuarial modeling software
• Answers routine queries from other departments in support of managing products and solvency
• Assists in development and completion of special projects

Job Results
Effectively communicate results of projects, studies and analyses to technical and non-technical audiences
Answers questions and provides guidance related to assigned projects for peers, manager, senior management, and others within and outside the organization
Produces work product that has meaningful impact on business results
Maintains a high level of customer support with high level work
Generates new ideas to improve current processes
Ensures work produced with high level of accuracy
 
Communication and Contacts
Position may deal directly with Policyholder Services, Marketing and Distribution, Claims, IT, Compliance, New Business, Underwriting, and Financial areas.

    

• 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 Fellowship in the Society of Actuaries. 
  
• Passing grades on a minimum of 1-2 Society of Actuaries exams is required. 
  
• Solid oral and written communication skills as well as 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.
  
• Strong computing skills; familiarity with Microsoft Office applications and actuarial software 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?