Research Analyst
Under limited supervision, assists in providing technical and analytical assessments of issues that SBU faces. Provides support in researching industry topics to identify and proactively respond to industry developments. Utilizing statistical analysis and predictive modeling, participates in developing strategic responses to current and anticipated market conditions/ changes, including new underwriting and pricing programs. Responsibilities may also include:
1.Assists in development of new underwriting and rating programs and initiative as well as product development.
2.Provides statistical analytical support to Research team on special projects or gathering competitive intelligence. This includes gathering, summarizing data, and formulating initial findings.
3.Assists in monitoring new programs and provides summary of findings regarding key metrics. May participate in training field on tools.
4.Provides statistical analysis by assessing the impact on loss experience, placement and closure rates. Utilizes predictive modeling to determine the impact on the business of various scenarios. Summarizes findings in various report formats as requested by management.
5.Supports the regions with issues or questions that arise. Gathers data, analyzes problem and proposes recommendations to supervisor for approval.
6.Performs additional duties as required.
REQUIREMENTS
Bachelor's degree in Statistics, Mathematics, Finance, Economics or Insurance preferred; or equivalent experience. Approximately 2 to 4 yrs related work experience. Proficient in Excel & PowerPoint. Basic knowledge of insurance principles/ laws/ regulations are preferred. Must have good planning, organizational, analytical, decision-making and communication skills. Must be able to complete assigned projects with little supervision. Understanding of functions of various departments such as claims, sales, and underwriting are desired.
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 retirement plan, Accidental death & dismemberment insurance, Credit Union membership, Dental coverage, Dependent life insurance, Disability insurance, Discounts on automobile and homeowner's insurance, Employee life insurance, Long-term care insurance, Medical coverage, Paid time-off, Pay-for-Performance, Reimbursement accounts, Tuition reimbursement, Vision care coverage, and Work/Life resources.
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Group (libertymutual.com) is a leading global multi-line group of insurance companies whose largest line of business is private passenger auto, based on 2004 net written premium.
As of December 31, 2005, Liberty Mutual Group had $78.8 billion in consolidated assets and $21.2 billion in consolidated revenue. Liberty Mutual ranks 102nd on the Fortune 500 list of largest U.S. corporations based on 2005 revenue, and is the eighth-largest personal lines writer and fifth-largest commercial lines writer in the U.S. based on 2004 direct written premium. Liberty Mutual Group today employs more than 39,000 people in more than 900 offices throughout the world.
The company has received financial strength ratings of "Excellent" (A) from the A.M. Best Company, "Good" (A2) from Moody's Investors Service and "Strong" (A) from Standard & Poor's.
Liberty Mutual Group operates under a mutual holding company structure, owned by its policyholders. The three principal insurance companies of the group, Liberty Mutual Insurance Company, Liberty Mutual Fire Insurance Company and Employers Insurance Company of Wausau, each are stock insurance companies under the ownership of Liberty Mutual Holding Company Inc.
Liberty Mutual Group operates through four strategic business units with no single unit contributing more than 30 percent of net premium written: Personal Market, Commercial Markets, Agency Markets, and Liberty International.
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