Associate Actuary (HYBRID)

Hanover Insurance Group, Inc.; Worcester, Northern (MA, KY); Hybrid; USD 120,000 - 170,000; Full time

Job summary

The Hanover Insurance Group, Inc. in Massachusetts (Worcester area) is seeking an Associate Actuary in a hybrid work arrangement. The role leads actuarial projects, analyzes data, and guides junior team members.

Responsibilities include collaborating with partners, presenting findings, enhancing ratemaking and reserve methods, and ensuring regulatory compliance. FCAS pursuit preferred.

Qualifications

• Bachelor’s Degree.
• 5+ years of technical actuarial experience across multiple LOBs (pricing, reserving, or predictive modeling).
• ACAS designation or higher (or equivalent experience).
• Strong understanding of actuarial concepts and ability to apply new techniques.
• Proven ability to diagnose business problems.
• Advanced MS Office skills, especially Excel.
• Intermediate programming skills to develop/automate processes.
• Multitasking and meeting deadlines with quality.
• Experience with SQL programming to develop and automate processes.
• Strong communication to present results to stakeholders.
• Strong conceptual thinking to synthesize data and patterns.
• Mentoring and developing others.
• Collaborative mindset to work with cross-functional teams.
• Relationship building across levels.
• Influencing and persuading stakeholders.
• Results-driven with a track record of reaching goals.

Responsibilities

• Collaborates with other business members to identify and solve business problems.
• Leads meetings, able to influence business partners and articulate findings.
• Understand data and identify root causes behind trends.
• Recommends improvements to ratemaking processes, reserve methods, or other related processes.
• Designs and develops experience exhibits and analyses to interpret results and guide strategy.
• Performs projects requiring advanced actuarial concepts and analytics.
• Prepares systems specifications.
• Responds to insurance department inquiries.
• Ensures compliance with state and federal regulations.
• May testify at rate hearings if necessary.
• Communicates results to upper management.
• Develops leadership skills; mentors junior staff.
• May participate in community recruiting/training activities.
• Maintains regular attendance and adheres to schedule.
• Communicate effectively with stakeholders via phone, email, Teams, in person.
• Manage multiple priorities under pressure in a fast-paced environment.

Skills

ACAS designation

Actuarial modeling

Communication skills

SQL programming

Mentoring others

Education

Bachelor's Degree

FCAS pursuit preferred

Tools

Excel

SQL

Job description

Our Personal Lines team is currently seeking an Associate Actuary in our CT, MA or MI offices in a hybrid work arrangement.

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.