Actuarial Development Program

Job Description

Actuarial Development Program | Liberty Mutual Insurance

The Tone:
This is an entry-level, full-time rotational program at Liberty Mutual Insurance. Liberty Mutual helps individuals analyze the financial costs of risk and uncertainty, aiming to solve challenging business problems and bring value to the consumer experience. This program is critical for driving the future of the company by developing well-rounded actuaries skilled in today’s and tomorrow’s actuarial practices. Participants will gain comprehensive experience and training, preparing them to conquer complex business problems within the insurance industry.

The TL;DR
• Role: Early Career
• Type: Full-time

• Team: A collaborative community of actuarial teammates supported by a mentoring program.
• Mission: To analyze the financial costs of risk and uncertainty, solving challenging business problems and enhancing the consumer experience.

What You’ll Actually Do
• Rotations: Complete three distinct 18-month rotations across various actuarial disciplines including reserving, pricing, modeling, and analytics.
• Exposure: Gain hands-on experience and insights into both personal and commercial lines of business.
• Mentorship: Learn from experienced actuaries in the industry through a structured mentoring program.
• Development: Broaden your business knowledge through practical assignments and technical training.
• Problem Solving: Prepare to address and resolve complex business challenges as a well-rounded actuary upon program completion.

The Must-Haves
• Background: Entry-level candidates who hold, or will be completing, a Bachelor’s Degree in Mathematics, Economics, Actuarial Science, or a related discipline.
• Experience: Commitment to achieving the ACAS designation from the Casualty Actuarial Society; a desire to work across a variety of actuarial functions and environments; proven leadership skills demonstrated in a student organization, academic project, or community service.
• Skills: Strong analytical reasoning and mathematical concepts; problem-solving abilities; excellent written and interpersonal communication skills; natural curiosity and a passion for learning; a passing score on at least one Actuarial Exam.
• Bonus: A cumulative GPA of 3.0 or higher is preferred.