Liberty Mutual Actuary – Life Pricing, Liberty Mutual Benefits in Boston, Massachusetts

Advance your Actuarial career at Liberty Mutual Insurance - A Fortune 100 Company!

Job Summary:

Liberty Mutual Benefits (LMB) is a 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 $2B block of business.

Liberty Mutual is looking for an Actuary to lead its Group Life pricing team. This team is responsible for pricing the Group Life and AD&D lines of business. Responsibilities 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 Actuary and Head of Pricing, Disability & Group Life and is a member of the pricing department’s management team. He/she will manage a staff of actuaries and actuarial students. This position will interact with several other teams and be expected to build a strong relationship with partners in underwriting. Employee Benefits pricing experience and a FSA designation are required.


  • Manages a team of two actuarial students. Includes hiring, development of team members, establishing priorities and assigning work

  • Responsible for pricing of LMB’s Group Life and AD&D products. Leads efforts to set new business and renewal pricing levels

  • Performs and/or directs 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


  • Bachelor's degree in Mathematics, Statistics, Finance, or other quantitative field

  • Fellowship in the Society of Actuaries (FSA) is required

  • Significant experience with Employee Benefits insurance pricing

  • Minimum of 7 years of progressively more responsible experience, including management

  • Demonstrated ability to apply the depth/breadth of actuarial skills and business acumen that often comes from 3 or more years of highly technical Employee Benefits insurance experience

  • Strong analytical skills with solid understanding of all disability 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


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


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.

Job: *Actuarial

Title: Actuary – Life Pricing, Liberty Mutual Benefits

Location: MA-Boston

Requisition ID: 87345

Other Locations: US-NH-Dover, US-NY-New York