Actuarial Analyst Jobs in Massachusetts

Job Title: Actuarial Analyst, Spanish Bilingual Company: Liberty Mutual Group Location: Boston, MA Description: Job Functions: Market Research/Statistics, Other - Boston-based Liberty Mutual Group is a diversified global insurer and fifth largest property and casualty insurer in the U.S. based on 2008 direct written premium. The Company also ranks 86th on the Fortune 500 list of largest corporations in the U.S. based on 2008 revenue. As of December 31, 2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities and $28.9 billion in annual consolidated revenue.   Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety. Liberty Mutual Group employs over 45,000 people in more than 900 offices throughout the world.  Advance your Actuarial career at Liberty Mutual - A Fortune 100 Company!  As a Liberty Mutual Actuarial Analyst, you will use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You will work in a collaborative and dynamic work environment where the challenges are on going. But with Liberty Mutual's training and management support, you will be ready.  Responsibilities:  * Participate in the actuarial analysis of the company pricing posture for each state and develops rate level indications  * Participate in the actuarial analysis and development of premium, loss and loss expense reserves.  * Assist in the preparation of actuarial support for rate filings.  * Assist in the preparation of special reports and studies.  * Provide technical assistance and information to other departments.  * Assist in the creation and maintenance of computer software and data.  * Pursue actuarial exams. Qualifications:   * Math and analytical skills; normally acquired through a BS in math, statistics or related field.  * Knowledge of insurance principles and basic rate-making procedures desired.  * Effective oral and written communication skills.  * PC and programming skills desirable in facilitating report productions.  * Completion of first CAS exam desired.   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 suc

Job Title: Health Management Actuary Company: Hewitt Associates Location: Boston, MA Description: For over 65 years, Hewitt has been helping leading companies around the world get a great return on their most important investment-their people. Weve earned our reputation for HR excellence through the thought leadership of Hewitt Consulting and the administrative leadership of Human Resources Outsourcing.Clients look to us for best-of-breed solutions to specific problems as well as fully integrated solutions that bring together our broad range of services. We enable our clients to build shareholder value by helping them hire, develop, motivate, retain and reward the employees who create that value every day.Hewitt began as an HR consulting firm-and our thought leadership, innovative consulting solutions, and client-intimate service remain the cornerstone of who we are. Our broad-based and unique consulting capabilities give companies worldwide the experience, creativity, and resources they need to take on their biggest human resources and organizational challenges.Key Responsibilities:Conduct or lead strategy development discussions and costing of scenarios related to strategy discussionsAssist in client relationships from actuarial perspective.Work with client to identify relevant cost measures and budgetary goalsReview health care budget rate setting for self-insured plans; present results to clientReview employee contribution rate development; present results to clientsWhere appropriate, involved with:· Benchmarking· RFPs (medical, dental, life, etc)· FAS 106 Assumption Development· IBNP· Rate delivery to client/benefits administrator· Medicare Part D Attestations· MA projectsMentor actuarial students and delegate work as appropriateSeek and provide peer review for high-quality client deliverablesSign Actuarial Opinions and lead analysis behind them

Job Title: Assistant Actuary Job Company: Fidelity Location: Boston, MA Description: Assistant Actuary Job Assistant Actuary - 1000402DescriptionThe Assistant Actuary is responsible for mitigating, managing and monitoring insurance risks generated by the products developed and maintained by the Fidelity Investments Insurance and Annuity Group. Reinsurance will be a primary tool in mitigating insurance risk. Significant components of this position include pricing reinsurance, contributing to reinsurance treaty negotiation, implementing reinsurance agreements, overseeing reinsurance administration, and maintaining and developing reinsurance relationships. The position will also contribute to department and company goals with insurance product knowledge and technical expertise.This position assists the company in managing insurance risk for a block of business with more than $16 billion of assets, $4 billion of annual sales and 150,000 customers. The product line consists of both deferred and immediate annuities as well as life insurance, which entail insurance risks related to mortality, investments, policyholder behavior and expenses.Personal and Workplace Investing (PWI) helps millions of people save and invest through individual retail accounts and workplace savings plans. PWI builds lifetime relationships with customers and provides employers with cost-effective, integrated employee benefit solutions. The company serves customers online, over the phone, and through a nationwide network of investor centers. Fidelity Investments Life Insurance Company (FILI) is part of PWI.Primary Responsibilities* Responsible for reinsurance pricing work and insurance risk mitigation performed by this position ultimately determines a significant portion of Fidelity's insurance operations profitability.* Responsible for the insurance risks assumed by the company are managed and monitored by this position through reinsurance, self insurance and hedging activities. The associated risks and mitigation solutions are extremely complex.* Oversee monthly reinsurance administration activity. Current treaties cover mortality risk in term insurance, variable universal life insurance; deferred annuity guaranteed minimum death benefits, immediate annuity longevity risk and the risks inherent in a variable annuity with guaranteed lifetime withdrawal benefits.* Provides management and leadership to one person that is responsible for reinsurance administration.* Ensure insurance risks are mitigated through reinsurance, hedging and prudent investment management. Make risk mitigation recommendations to senior management for new products as well as existing products.* Develop complex mathematical models to assess reinsurance proposals and related activity. Prepare comparisons to alternatives to determine most suitable mitigation solution.* Play a key role in designing reinsurance administration system specifications, implementation and testing for new agreements as well as modifications to existing treaties. Oversee reinsurance administration with more than $10 million of annual premiums. Incorrect administration of these treaties can lead to lack of coverage and the potential for multi-million dollar uninsured claims against Fidelity.* Monitor product experience including lapses, withdrawal rates, mortality, expenses, and policyholder behavior to identify trends and benchmark against pricing assumptions. Provide information pertaining to recent initiatives, current products and insurance risks to senior management on a monthly basis. Use this analysis to recommend alternatives to mitigate risk and improve financials.* Maintain close working relationships with reinsurers and foster trust and respect in communications with reinsurance partners.* Participate in the negotiation of reinsurance treaties. Maintain balance with reinsurance partners by creating win/win scenarios for both FILI and the partner.* Provide direction, expertise and development to a small staff as well as assist others in the actuarial area to ensure the organization has the support it needs to be successful.QualificationsEducation and Experience* BS in Actuarial Science, Mathematics, Finance or comparable* 4+ years of insurance industry experience* Fellow of the Society of Actuaries or related knowledge* Member of the American Academy of Actuaries* Broad based insurance background including exposure to sales, marketing, systems, client services, and finance with a clear understanding of the interactions between these areas.* Experience with individual life and/or annuity products.Skills and Knowledge* Strong technical and analytical skills* Strong communication skills* Ability to explain complex concepts to non-technical people at all levels of the organization* Good leadership and management skills* Reputation for integrity in the organization and the industryCompany OverviewFidelity Investments is one of the world's largest providers of financial services. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to over 20 million individuals and institutions as well as thousands of financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, a leading online brokerage firm and one of the largest providers of custody and clearing services to financial professionals. For more information about Fidelity Investments, visit www.fidelity.com.Job: Benefit ConsultingPrimary Location: MA-BostonSchedule:: Full-timeJob Level:: DirectorEducation Level: Bachelor's Degree (16 years)Job Type: StandardShift:: Day JobOvertime Status:: ExemptTravel:: No