Actuarial Director - CL

legacy product slated to convert onto the new product in the near future.

The Actuarial Director of the BOP line provides overall management and technical oversight to a team of analysts with varying degrees of experience, as well as being expected to complete their own hands-on assignments. The manager partners with other actuaries and business/field leaders to support profitable growth across the commercial organization. Direct responsibilities include managing rate reviews with an eye towards process improvement, forecasting IBNR as part of the CLAY process, monitoring the new BOP Advantage product, and maintaining the existing BOP legacy product ahead of conversion .

This is a Full-time, Exempt role.

IN THIS ROLE, YOU WILL:

• Manage and lead a team of actuarial analysts, ensuring execution of deliverables alongside personal growth of entire team

• A ccountable for executing state level rate reviews

• Lead the forecasting of IBNR balances in CLAY Profitability framework for BOP line

• Monitor the profitability and communicating of trends to executive leadership

• Responsible for continuous review and improvement of operations and managing unanticipated situations

• Leverage predictive analytics to monitor new BOP product

• Partner with Data Science to enhance the BOA tiering model

• Partner with field and business leaders across the Commercial organization to build the credibility of actuarial department and consult on strategic direction

• Influence and negotiate the appropriate actions to support strategic goals of the organization

• Capable of testifying at a rate hearing if necessary

• Responsible for communicating results/issues to upper-level management

• Responsible for performance and compensation management for team

• May lead or participate in community recruiting and/or training activities

WHAT YOU NEED TO APPLY:

• Bachelor's Degree or higher in a relevant technical field

• Seven+ years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics

• Experience with predictive modeling preferred

• Management experience preferred

• ACAS required , FCAS preferred

• Advanced communication skills

• Advanced skills using Microsoft Office, including Excel and SQL

• Intermediate programming skills, including the ability to develop and automate processes

• Demonstrated knowledge of all techniques used to model various assumptions

• Able to apply and interpret company policies and procedures

• Able to direct activities of others, motivate and develop staff

• Growth Mindset - Embraces a creative approach and a changing environment.

• Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way

• Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals.

• Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships.

• 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. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards.

• Talent Management - Proactively fosters building, mobilizing and evaluating the organizations' human assets. Establishes performance goals and measures in order to accomplish organizational goals.

• Authorizes individuals to take initiative and make expedient, practical decisions that impact the performance or success of an event or project. Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Supports continual development of staff through assignments, coaching, and training.

• Business Enterprise Knowledge - Understands how one's own function adds value to the organization and to customers. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals, reflecting an awareness of external dynamics. Demonstrates awareness by providing clear explanations for actions taken relative to customer requirements, needs, and industry trends.

• Strategic Thinking - Examines issues and plans with a long-term perspective. Able to critically evaluate external and internal factors.

• Change Management - Designs and transforms an organization based on assumptions of human capability and resiliency. Understands the basic human patterns that operate during change, and effectively focuses the organization's capability on an effective transformation. Focuses and energizes a group to accomplish change together and holds them accountable to common goals.

• Decisiveness - Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Determines appropriate options based on the situation.

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: [email protected] 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 **.
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Other details

• Pay Type Salary
• Required Education Bachelor's Degree