Associate Actuary (REMOTE)

Hanover Insurance Group•Worcester, MA

2d•Remote

About The Position

The Associate Actuary will work in the Commercial Lines Actuarial department and have pricing responsibility for Commercial Auto across Small Commercial and Middle Market. The role supports a Commercial Auto book of business exceeding $300 million and applies an innovative, analytical, and business-oriented actuarial approach to a profitability-challenged line. Responsibilities include ratemaking work such as rate indications, loss trends, loss ratio projections, account segmentation, and other initiatives. The Associate Actuary will lead state rate revisions, forecast IBNR, and use predictive analytics to help implement a new product and pricing platform. The role involves substantial collaboration with State Management, Underwriting, field leadership, and other business partners to support profitable growth across the Core Commercial organization. This is a full-time, exempt position and may be based at the Worcester, Massachusetts corporate headquarters or at a remote work location.

Requirements

Bachelor’s degree or higher in a relevant technical field.
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, with the ability to research and employ new techniques based on project requirements.
Advanced skills using Microsoft Office, including Excel.
Intermediate programming skills, including the ability to develop and automate processes; SQL is preferred.
Advanced communication skills and the ability to communicate technical concepts to non-technical audiences.
Ability to multitask and meet deadlines while producing quality work.

Nice To Haves

Experience with predictive modeling.

Responsibilities

Be responsible for actuarial rate indications and actuarial assumptions.
Lead annual rate revision analyses, filings, and objection management.
Leverage predictive analytics to implement a new auto product and pricing platform.
Monitor and analyze profitability and provide recommendations to business partners.
Communicate technical analysis effectively to business partners and upper management.
Analyze the book of business and collaborate with field leadership to understand relevant activities and trends.
Collaborate with other Commercial Lines actuarial pricing teams.
Incorporate industry and other external benchmarks into analyses.
Build efficiencies and improvements into existing processes.
May lead or participate in community recruiting and/or training activities.