Actuarial Analyst (Hybrid to MA or REMOTE)

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 Personal Lines Actuarial team is seeking an Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

POSITION OVERVIEW:

The Actuarial Analyst role within the Personal Lines Actuarial state pricing team is responsible for supporting the ongoing analysis of results for all personal lines of business in 1-3 states. The personal lines state pricing team supports lines of business that comprise roughly $2.5B in annual earned premium.

As an Actuarial Analyst, you will perform tasks of mathematical and quantitative nature using established procedures, working under immediate supervision. You will learn fundamental actuarial concepts, practices and procedures. You will have opportunities to collaborate with and present your work to internal business partners. You will also become familiar with company operations, systems and actuarial methodologies. All of this while actively pursuing your professional actuarial designation with the support of our Actuarial program.

This is a Full-time, Exempt role.

WHAT YOU WILL DO:

• Acquire knowledge of basic actuarial concepts and methods pertinent to area of actuarial focus
• Obtain proficiency in the various software applications required to perform daily work
• Become comfortable with company data structure and definitions
• Compile and categorize data and prepare exhibits
• Prepare and/or assist in the preparation of system specifications to implement required rate actions
• Work on maintenance of rules and rating factors according to a rate review schedule, loss development analysis in support of rate indications, and pricing models to produce more accurate and better segmented individual risk pricing
• Provide actuarial support on routine insurance department inquiries as needed
• Effectively communicate technical analysis to business partners and upper management
• Build relationships within and across functional areas
• Collaborate effectively with team members and business partners in the completion of tasks  

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree
• Zero to two years of experience in the actuarial or related discipline.
• One or more Casualty Actuarial Exams. 
• Experience with modeling, coding, and using Microsoft Office, Excel preferred.
• Understands fundamental analytical concepts, practices and procedures.
• Familiar with external agencies that influence and/or impact core actuarial discipline.
• Performs assigned tasks using established procedures and working under immediate supervision.
• Instructed on most assignments and refers unusual situations to a more experienced team member or supervisor. 
• Openness to Learning - Expands knowledge base through traditional and non-traditional education to improve personal skills and abilities.
• 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.

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.

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.