Senior Actuarial Analyst, Personal Lines

For more than 160 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, ESG initiatives and IDE journey.

Our Personal Lines Actuarial team is seeking a Senior Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

POSITION OVERVIEW:

The role within the Personal Lines Actuarial team is responsible for leading ongoing analysis of performance of all lines of business and states. The personal lines team supports lines of business that comprise roughly $2B in annual earned premium. 

This position offers a dynamic opportunity to own the indication process, communicate AvE results and facilitate top and bottom-line planning. Driving these key business initiatives includes collaboration with many business partners, including exposure to upper management. You will own and participate in advanced analytic projects that make a meaningful impact to our business success. All of this while actively pursuing your professional actuarial designation with the support of our Actuarial program.

This is a Full-time, Exempt role.

IN THIS ROLE, YOU WILL:

• Ownership of all aspects of semi-annual actuarial rate indications and actuarial assumption updates including communication to business partners countrywide and by state

• Communication of results of Actual vs. Expected loss performance and drill into favorable and unfavorable variances

• Support pricing team and business partners in top and bottom-line planning and forecasting results

• Development of technical reports to drill into key financials to understand and answer key business trends

• Monitor and analyze profitability drivers and provide thoughtful recommendations to business partners

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree or equivalent.
• Two or more years of experience in property/casualty insurance.
• Three or more Casualty Actuarial Exams.
• Intermediate programming skills, including the ability to develop and automate processes (SQL, VBA).
• Able to influence decision making and support recommendations.
• 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.
• 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.
• Communication for Results - Expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand and/or are persuaded to act. Creates an environment that encourages and values the opinions of others and promotes sharing of information and ideas. Promotes and encourages people to speak up.
• Conceptual Thinking - Synthesizes facts, trends, inferences, and key issues and/or themes in complex situations. Recognizes patterns and relationships between apparently unrelated entities or situations.

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

Vaccination Status:

Hanover has enacted policies and protocols throughout the COVID-19 pandemic to promote employee health and safety. To that end, all employees are expected to provide true and accurate information regarding their vaccine status, and when requested, employees are expected to provide proof of such status. Hanover recognizes employee privacy concerns and only provides vaccine status information on a need-to-know basis.  The Hanover complies with all federal, state and local laws, and with respect to such laws related to COVID-19 health and safety, it is typical for there to be a distinction in compliance obligations between vaccinated and unvaccinated individuals. Therefore, various Hanover policies and requirements are connected to vaccine status, including but not limited to, the company’s Facial Coverings and Social Distancing policy.  Employees declining to provide information related to their vaccine status, will be considered unvaccinated or not fully vaccinated for the purposes of The Hanover’s COVID-19 health and safety policies and protocols.

Please be advised that while Hanover does not expect to institute a vaccine mandate at this time, Hanover encourages employees to get vaccinated and boosted, and provides paid time off to both obtain and recover from the vaccine(s) and booster(s).

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. Apply Now