Associate Actuary (REMOTE)

Hanover Insurance Group, Inc.; Worcester (MA); A distancia; USD 120.000 - 160.000; Jornada completa

Descripción de la vacante

Hanover Insurance Group, Inc. seeks an Associate Actuary for Commercial Auto to lead pricing efforts for Small Commercial and Middle Market from Worcester, MA or remote locations. The role involves rate indications, filings, predictive analytics, and profitability analysis to support growth.

The ideal candidate has a technical actuarial background, ACAS or higher, and strong communication skills to present to management and business partners. This is a full-time, exempt position.

Formación

• Bachelor’s degree or higher in a relevant technical field.
• Five or more years of technical actuarial experience across pricing, reserving or predictive modeling.
• ACAS designation or higher, or equivalent work experience.
• Strong communication skills and ability to explain technical concepts to non-technical audiences.
• Proficient in Excel and SQL; able to automate processes.

Responsabilidades

• Actuarial rate indications and assumptions.
• Lead annual rate revision analyses, filings, and objection management.
• Use predictive analytics to implement new auto pricing platform.
• Monitor profitability and advise business partners.
• Communicate technical analysis to management and partners.
• Analyze the book and work with field leadership on trends.
• Collaborate with other Commercial Lines pricing teams.
• Incorporate external benchmarks into analyses.
• Build efficiencies into existing processes.
• May participate in community recruiting or training activities.

Conocimientos

Pricing

Reserving

Predictive modeling

Communication

Multitasking

Educación

Bachelor’s Degree or higher in a relevant technical field

ACAS Designation or higher

Herramientas

SQL

Excel

Microsoft Office

Descripción del empleo

Our Commercial Lines Actuarial department is seeking an Associate Actuary for Commercial Auto to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

POSITION OVERVIEW:

This role within the Commercial Lines Actuarial department will have pricing responsibility for the Commercial Auto line of business for Small Commercial and Middle Market. This role will report to the Actuarial Manager of Commercial Auto. The Commercial Auto book is over $300 Million and is one of the most profitability-challenged lines in the industry, requiring an innovative, analytical, and business-oriented actuarial approach.

This role will have ratemaking responsibilities including rate indications, loss trend, loss ratio projections, account segmentation, and other initiatives. Additionally, this role will be responsible for leading several state rate revisions, forecasting IBNR, and leveraging predictive analytics to implement a new product and pricing platform. This role requires effective communication skills as there will be a high level of collaboration with the business (State Management, Underwriting, field leadership etc.) to support profitable growth across the Core Commercial organization.

This is a Full-time, Exempt role.

IN THIS ROLE, YOU WILL:

• Be responsible for actuarial rate indications and actuarial assumptions
• Lead annual rate revision analyses, filings, and objection management
• Leverage predictive analytics to implement new auto product and pricing platform
• Monitor and analyze profitability and provide thoughtful recommendations to business partners
• Effectively communicate technical analysis to business partners and upper management
• Analyze the book of business and collaborate with field leadership to understand relevant activities and trends
• Collaborate with other Commercial Lines actuarial pricing teams
• Incorporate industry and other external benchmarks into analyses
• Build efficiencies and improvements into existing processes
• 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
• Five or more years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling.
• Experience with predictive modeling preferred
• 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.
• Advanced skills using Microsoft Office, including Excel
• Intermediate programming skills (SQL preferred), including the ability to develop and automate processes
• Advanced communication skills; ability to communicate technical concepts to non-technical audiences
• Ability to multitask and meet all deadlines with quality product