Associate Actuary (REMOTE OR HYBRID)

The Hanover Insurance Group•Worcester, MA

49d•$112,000 - $140,000•Remote

About The Position

The Hanover’s Personal Lines team is seeking an Associate Actuary for its Connecticut, Massachusetts, or Michigan offices, with a hybrid work arrangement or remote work consideration. This is a full-time, exempt role. The Associate Actuary takes a lead role on actuarial projects, independently conducts analytical problem solving, and employs techniques suited to project requirements, including advanced analytics where appropriate. The role presents results and recommended actions consistent with business strategy and provides guidance to junior team members. The position collaborates with business partners to identify and solve problems, interprets data and trends, and recommends improvements to actuarial and business processes. It performs analyses using advanced actuarial concepts or analytical approaches, prepares system specifications, responds to insurance department inquiries, and supports regulatory compliance. The Associate Actuary may testify at rate hearings, communicates results and issues to upper-level management, and coaches or mentors junior colleagues. The position may also participate in community recruiting or training activities. Employees are expected to maintain regular, predictable and reliable attendance and adhere to assigned schedules. Onsite attendance requirements may vary and can change based on business needs and applicable law. The role requires effective communication with internal and external stakeholders through appropriate channels, sound judgment, attention to detail, and the ability to manage multiple priorities under pressure.

Requirements

Bachelor’s degree.
Five or more years of technical experience in multiple lines of business and/or actuarial disciplines, such as pricing, reserving, or predictive modeling.
ACAS designation or higher, or equivalent work experience.
Detailed understanding of actuarial concepts and methods, and ability to research and employ new techniques depending on project requirements.
Demonstrated ability to diagnose business problems.
Advanced skills using Microsoft Office, including Excel.
Intermediate programming skills, including the ability to develop and automate processes; SQL is preferred.
Ability to multitask and meet deadlines while delivering quality work.
Communication for Results: express technical and business concepts so others understand or are persuaded to act, while encouraging and valuing others’ contributions and information sharing.
Conceptual Thinking: synthesize facts, trends, inferences, and key issues in complex situations and recognize patterns and relationships.
Mentoring/Developing Others: share expertise, coach others, encourage learning and growth, and support staff development through assignments, coaching, and training.
Collaboration: involve others to leverage knowledge and skills and obtain shared commitment to project or event success.
Relationship Building: develop cooperative relationships across organizational levels and build positive relationships to accomplish goals.
Influencing Others: communicate persuasively to build support, agreement, commitment, and trust without damaging relationships.
Results Orientation: pursue challenging goals, exceed standards, and take calculated risks to achieve objectives.

Nice To Haves

Pursuit of the FCAS professional designation is preferred.
Intermediate programming skills, preferably SQL.

Responsibilities

Collaborate with business members to identify and solve business problems.
Lead meetings, influence business partners, and articulate findings.
Interpret data and identify root causes behind trends.
Recommend improvements to ratemaking processes, reserve methods, or equivalent processes and procedures.
Recommend, design, and develop experience exhibits and analyses to interpret results, determine business strategies, or solve business problems.
Perform projects and analyses requiring advanced actuarial concepts, methods, or analytical approaches.
Prepare necessary systems specifications.
Respond to insurance department inquiries.
Take initiative to ensure compliance with state and federal regulations.
Be capable of testifying at a rate hearing if necessary.
Communicate results and issues to upper-level management.
Develop leadership skills and provide coaching, mentoring, or technical guidance to junior team members.
May lead or participate in community recruiting or training activities.
Maintain regular, predictable and reliable attendance and adhere to assigned work schedules.
Communicate effectively with internal and external stakeholders using appropriate channels.
Manage multiple priorities under pressure while maintaining sound judgment and attention to detail.