Actuarial Analyst (REMOTE OR HYBRID TO MA)

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.

Our Corporate Actuarial department is seeking a Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters or remote work location.

POSITION SUMMARY:

This role within the Corporate Actuarial department will be responsible for helping to ensure the strength of Hanover’s balance sheet and providing management with critical insights through the Reserving analysis process. Various forms of analysis include a formal quarterly review of the loss and DCCE reserves by accident and/or report year, appropriate business unit segmentation of carried reserves, an annual ULAE reserve review, a forecast of the ex-cat loss and ALAE ratios for the corporate financial plan, and various “deep dives.” An effective candidate will also be able to suggest ways to improve our current processes by identifying enhancements and efficiencies.

Effective communication skills are critical, as a high level of collaboration with the Business (Underwriting & Pricing), as well as Claims, Accounting, Finance is expected.

Additionally, this role provides a high degree of exposure to executive leaders. The person who takes on this role would also be an active member of the Actuarial and Analytics community. This is a Full-time, Exempt role.

IN THIS ROLE, YOU WILL:

• Ensure execution of deliverables
• Be accountable for deadlines associated with the financial quarterly close
• Monitor reserve adequacy and communicating of trends to executive leadership
• Be responsible for exploring ways to continually improve processes and enhance efficiencies
• Perform analysis that requires knowledge of fundamental actuarial concepts/methods and/or analytic approaches
• Partner with the Business (Underwriting & Pricing), as well as Claims, Finance and Accounting across the organization to build credibility of the actuarial department and make appropriate decisions
• May participate in community recruiting and/or training activities
• Other duties as assigned

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree or equivalent.
• One or more Casualty Actuarial Exams.
• Programming skills, including the ability to debug and automate processes (SQL, VBA).
• Experience using Microsoft Office, including Excel and PowerPoint
• Understands fundamental analytical concepts, practices and procedures
• Ability to multitask and meet all deadlines with quality analysis.
• Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.
• Analytical Thinking - Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues. •
• Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team.
• Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion
• Communication for Results - Ability to expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand.
• Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes and constantly seeks to learn.
• Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards.

CAREER DEVELOPMENT:

It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement

• PTO

• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)
• Click here for the full list of Benefits

EEO statement:

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.”

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:HRServices@hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:

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Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here.

Compensation:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.