Actuarial Consultant / Associate Actuary (Remote OR MA Based)

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, ESG initiatives and IDE journey.

Our Personal Lines Actuarial department is seeking an Actuarial Consultant or Associate Actuary* to join our growing team in our Worcester, MA Corporate Headquarters, or remote work location.

• open to various levels

This is a full time, exempt role.

POSITION OVERVIEW:

The Profitability (REPLAY) team is responsible for forecasting and monitoring personal lines profitability by analyzing frequency and severity results combining internal data, industry data, and macro-economic benchmarks.

The Personal Lines portfolio is over $2 billion of premium across 20 states for Auto, Home, and Other Personal Lines requiring an innovative, analytical, and business-oriented actuarial approach.

In this position you will take a lead role on countrywide loss and premium analysis including rate indications, loss and premium trends, projecting IBNR and loss development, and forecasting top and bottom-line plans You will independently conduct analytical problem solving, develop new techniques depending on project requirements and leverage advanced analytics where appropriate.

Additionally, this role collaborates and presents profitability insights to key business partners (Executive Leadership, Finance, State Pricing, State Management, Reserving) in order to influence Personal Lines strategic direction.

IN THIS ROLE, YOU WILL:

• Forecast and monitor frequency and severity projections combining internal data, industry data, and macro-economic benchmarks.

• Use technical actuarial pricing methods to develop and communicate semi-annual rate indications.

• Project ultimate loss results for usage in Personal Lines Pricing decisions including tracking of IBNR development against actual emergence.

• Effectively communicate technical analysis to business partners and executive leadership.

• Collaborate with business partners including Actuarial State Pricing team in strategy and profitability analyses.

• Build efficiencies and improvements into existing processes.

• May lead or participate in community training activities

WHAT YOU NEED TO APPLY:

• Bachelor's Degree or higher in a relevant technical field

• 3 to 5 years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics*

• 4 or more Casualty Actuarial exams*

• Understands fundamental concepts, practices, and procedures relevant to core actuarial discipline.

• Intermediate communication skills; ability to communicate technical concepts to non-technical audiences

• Advanced skills using Microsoft Office, including Excel.

• Intermediate programming skills preferably SQL, including the ability to develop and automate processes.

• Applies project management skills to balance conflicting priorities and complete projects accurately and on time.

• Relationship Building

• Builds positive cooperative relationships with others to accomplish organizational goals.

• Influencing Others

• Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment.

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:

To view our privacy policy and online privacy statement, click here.

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.

Other details

• Pay Type Salary

• Required Education Bachelor's Degree

Apply Now

• Worcester, MA, USA
• Virtual