Associate Actuary (HYBRID)

The Hanover Insurance Group; Worcester (MA); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

On-site medical/wellness center (Worc.

401K with company match

Tuition reimbursement

PTO

Company paid holidays

Flexible work arrangements

Job summary

The Hanover Insurance Group in Worcester, MA seeks an experienced actuarial professional to lead projects, perform advanced analyses, and guide junior staff. This exempt, full-time role emphasizes collaboration with business partners, accurate problem solving, and effective communication of results to management.

FCAS designation is preferred; five+ years of technical actuarial experience across multiple lines of business is required.

Qualifications

• Bachelor’s Degree is required.
• Five+ years of technical actuarial experience across multiple lines of business.
• ACAS or higher designation or equivalent work experience.
• Strong understanding of actuarial concepts and methods.
• Advanced Excel skills; intermediate SQL programming ability.
• Excellent communication and ability to influence stakeholders.

Responsibilities

• Lead actuarial projects and present results and recommendations.
• Independently solve analytical problems and apply new techniques as needed.
• Provide guidance to junior team members and mentor colleagues.
• Develop experience exhibits and analyses to inform business strategy.
• Support regulatory inquiries and state/federal compliance.
• Collaborate with business partners to identify root causes of trends.
• Lead or participate in community recruiting and training activities.
• Communicate results to upper management clearly and effectively.

Skills

ACAS designation

Actuarial analysis

Excel

SQL

Communication

Problem solving

Multi-LOB experience

Mentoring

Collaboration

Results orientation

Education

Bachelor’s Degree

Tools

Microsoft Office

Job description

For more than 170 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, Sustainability initiatives and inclusive corporate culture.

This is a full-time, exempt role.

POSITION OVERVIEW:

Takes a lead role on actuarial projects. Independently conduct analytical problem solving. Employees new techniques depending on project requirements, leveraging advanced analytics where appropriate. Present results and recommended actions consistent with the business strategy of the organization. Provides guidance to junior team members in the fulfillment of their duties.

Pursuit of FCAS professional designation preferred.

IN THIS ROLE, YOU WILL:

• Collaborates with other business members to identify and solve business problems.
• Leads meetings, able to influence business partners and articulate findings.
• Able to understand data and identify root causes behind trends.
• Recommends improvements to ratemaking processes, reserve methods, or other equivalent processes and procedures.
• Recommends, designs, and develops experience exhibits and analyses to interpret results, determine business strategies or solve business problems.
• Performs projects/analysis that require knowledge of advanced actuarial concepts/methods and/or advanced analytic approaches.
• Prepares necessary systems specifications.
• Accountable for responding to insurance department inquiries.
• Takes initiative to ensure compliance with various state and federal regulations.
• Capable of testifying at a rate hearing if necessary.
• Responsible for communicating results/issues to upper-level management.
• Develops leadership skills and provides coaching, mentoring and/or technical guidance to junior team members.
• May lead or participate in community recruiting and/or training activities.
• Employees are expected to meet the essential functions of their role, including maintaining regular, predictable and reliable attendance and adhering to their assigned work schedules.
• Onsite attendance requirements may vary by position and are subject to change based on business needs consistent with applicable law.
• Communicate effectively with internal and external stakeholders using appropriate channels, including phone, email, teams, and in person interactions as required.
• Ability to maintain sound judgement and attention to detail while managing multiple priorities under pressure in a fast-paced environment.

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree
• Five or more years of technical experience in multiple LOB and/or actuarial disciplines, such as pricing, reserving or predictive modeling.
• ACAS Designation or higher or equivalent work experience.
• Possesses a detailed understanding of actuarial concepts/methods and the 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.
• Ability to multitask and meet all deadlines with quality product.
• Intermediate programming skills preferably SQL, including the ability to develop and automate processes
• Communication for Results - Expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand 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.
• Mentoring/Developing Others - Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Creates an environment where employee ownership of self-development is encouraged. Supports continual development of staff through assignments, coaching, and training.
• Collaboration - Involves others to leverage additional knowledge or skills that lead to increased understanding. Obtains shared commitment to the improvement or success of an event or project.
• 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.

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: [e-mail] 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.

Compensation:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.