Actuarial and Analytics Business Analyst (Worcester or Remote)

The Hanover Insurance Group•Worcester, MA

36d•$70,000 - $83,000•Hybrid

About The Position

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 Actuarial team is currently seeking an Actuarial and Analytics Business Analyst in our Worcester, MA office or remote work location. This is a full time, exempt role. POSITION OVERVIEW: Independently completes routine actuarial and/or analytics processes with limited supervision. Provides quantitative support for product development, financial analysis, management reporting, and other actuarial and/or analytics research, with direction. Extracts and integrates data from various databases to analyze and develop reports and spreadsheets. Capable of independently handling all aspects of routine filing preparation where standard actuarial support is required.

Requirements

Bachelor’s degree
At least 3 years of experience in Property/Casualty actuarial and/or analytics work
Quantitative background
Familiar with Property/Casualty insurance rate making and reserving concepts
Adept in desktop applications and software tools
Analytical Thinking - Applies analytical techniques (e.g., separating a complex whole into its parts or elements to resolve problems or issues).
Communication of Results - Ability to express concepts (e.g. business, technical, and other), ideas, insights, opinions, and conclusions, so that others understand or are persuaded to act.
Create an environment that encourages and values the opinions of others and promotes sharing of information and ideas.
Information seeking - Thoroughly investigates and researches multiple sources to expose details and complete information about resources, issues, problems, and so forth.
Conducts in-depth research, asks probing questions, and transcends surface issues.
Self-Management - Effectively plans and organizes their work to achieve desired outcomes.
Demonstrates flexibility in applying different approaches to changing work demands.
Shows confidence in own abilities to meet challenges and can maintain performance under stress.
Seeks improvement through learning, development, and feedback.

Responsibilities

Assist in the training and development of other actuarial and/or analytics talent and may act as a peer mentor.
Analyze pricing, reserving, or corporate profitability and capital management data.
Analyze company and industry experience as required.
Design and prepare special reports and other data compilations as requested.
Understands and draws inferences from data being collected.
Communicate with internal and external customers to discuss analysis results.
Analyze, compile, and perform competitive analysis.
Prepare preliminary recommendations under supervision.
Prepare and present actuarial and/or analytics findings to management and business partners.
Provide support on routine insurance department inquiries.
Monitor compliance with ISO, NCCI, State Rating Bureau filings, and SOX and recommend actions.
Maintain pricing, reserving, or corporate capital management systems.
Perform liaison function between systems and actuarial department.
Prepare and maintain documentation for existing processes.
Adhere to peer review guidelines.
Perform other projects and assignments as directed.
Communicate effectively with internal and external stakeholders using appropriate channels, including phone, email, teams, and in person interactions as required.
Ability to maintain sound judgement and attention to detail while managing multiple priorities under pressure in a fast-paced environment.