Actuarial Analyst (REMOTE OR HYBRID TO MA)

Hanover Insurance Group • Worcester, MA

1d • Hybrid

About The Position

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.

Requirements

• 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.
• 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.

Responsibilities

• 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level