Senior Actuarial Analyst (REMOTE)

The Hanover Insurance Group

4.6

(63)

Worcester, MA (Remote)

Why you should apply for a job to The Hanover Insurance Group:

  • 4.6/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 90% say women are treated fairly and equally to men
  • 94% would recommend this company to other women
  • 92% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Paid time off for family support.
  • Adoption assistance benefit.
  • Annual hands-on volunteer opportunities to give back to the community.
  • #25896

    Position summary

    nd business-oriented actuarial approach.

    In this position you will be responsible for countrywide loss and premium analysis including rate indications, loss and premium trends, projecting IBNR and loss development, and forecasting top and bottom-line plans You will conduct analytical problem solving, develop new techniques depending on project requirements and leverage analytics where appropriate.

    Additionally, this role collaborates and presents profitability insights to key business partners (Finance, State Pricing, State Management, Reserving) in order to influence Personal Lines strategic direction.

    IN THIS ROLE, YOU WILL:

    • Use technical actuarial pricing methods to develop and communicate semi-annual rate indications including premium trend assumption updates
    • Project ultimate loss results for usage in Personal Lines Pricing decision including tracking of IBNR development against actual emergence
    • Monitor and project frequency and severity projections combining internal data, industry data, and macro-economic benchmarks
    • Collaborate with business partners including Actuarial State Pricing team in strategy and profitability analyses
    • Effectively communicate technical analysis to business partners and executive leadership
    • Build efficiencies and improvements into existing processes

    WHAT YOU NEED TO APPLY:

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

    • 2 to 3 years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics

    • 3 or more Casualty Actuarial exams

    • Understands fundamental concepts, practices, and procedures relevant to core actuarial discipline.

    • Strong communication skills; ability to communicate technical concepts to non-technical audiences

    • Intermediate skills using Microsoft Office, including Excel.

    • Basic to intermediate programming skills preferably SQL, including the ability to develop and automate processes.

    • Applies project management skills to balance conflicting priorities and complete projects accurately and on time.

    • Relationship Building - Builds positive cooperative relationships with others to accomplish organizational goals.

    • Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment.

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

    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 **.
    **

    Other details

    • Job Function Actuarial
    • Pay Type Salary
    • Required Education Bachelor's Degree

    Why you should apply for a job to The Hanover Insurance Group:

  • 4.6/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 90% say women are treated fairly and equally to men
  • 94% would recommend this company to other women
  • 92% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Paid time off for family support.
  • Adoption assistance benefit.
  • Annual hands-on volunteer opportunities to give back to the community.