Intern - Actuarial Analyst

The Hanover Insurance Group; Massachusetts; On-site; USD 28,000 - 41,000; Full time

Job summary

The Hanover Insurance Group is offering a 10-week summer internship in Massachusetts designed for college students to work on critical business assignments and apply academic knowledge. You will be mentored by leaders and collaborate across teams on a philanthropy-focused project, with weekly development workshops and intern activities.

In this role you will perform quantitative tasks, learn actuarial fundamentals, and use pricing and risk-management tools.

Qualifications

• Cumulative GPA of 3.0 or higher preferred.
• Ability to commit to a full time 10-week internship program.
• Ability to work in the U.S. without requiring sponsorship now or in the future.
• 0-2 years of professional working experience.
• Understands fundamental analytical concepts, practices and procedures.
• MS Office, Excel and SQL.
• Bonus points for R, Python and Power BI.

Responsibilities

• Perform tasks of a mathematical and quantitative nature using established procedures.
• Learn fundamental actuarial concepts, practices and procedures.
• Become familiar with company operations, systems and actuarial methodologies.
• Utilize actuarial tools and modeling software for pricing, valuation, and/or risk management.
• Analyze industry trends to identify impact on financials, reserves, and pricing processes.
• Create and present a final presentation for management and leadership members at the close of the internship program highlighting the work you accomplished throughout the summer.

Skills

MS Office

Excel

SQL

R

Python

Power BI

Education

Pursuing degree

Tools

Power BI

SQL

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.

SUMMER INTERNSHIP OVERVIEW:

The Hanover’s Internship Program provides college students with the opportunity to work on a variety of critical business assignments, test your skills, use your academic knowledge, and match your interests to a real job.

Through the 10-week summer program (June – mid August), You will:

• Take on meaningful projects and work alongside some of the very best talent in the industry
• Be supported and mentored by a community of exceptional talent (leaders, managers, subject matter experts and recent graduates)
• Participate in a cross-functional team building project focused on corporate philanthropy
• Attend weekly development workshops with your intern peers
• Join in engagement and social activities with other interns

We recruit highly skilled students for potential future full-time employment opportunities, upon graduation.

IN THIS ROLE, YOU WILL:

• Perform tasks of a mathematical and quantitative nature using established procedures
• Learn fundamental actuarial concepts, practices and procedures
• Become familiar with company operations, systems and actuarial methodologies
• Utilize actuarial tools and modeling software for pricing, valuation, and/or risk management
• Analyze industry trends to identify impact on financials, reserves, and pricing processes
• Create and present a final presentation for management and leadership members at the close of the internship program highlighting the work you accomplished throughout the summer

WHAT YOU NEED TO APPLY:

• Cumulative GPA of 3.0 or higher preferred
• Ability to commit to a full time 10-week internship program
• Ability to work in the U.S. without requiring sponsorship now or in the future
• 0-2 years of professional working experience
• Understands fundamental analytical concepts, practices and procedures
• Strong analytical, strategic thinking and decision-making skills
• A high degree of self-motivation and demonstrates high attention to detailIntellectual curiosity and creativity
• MS Office, Excel and SQL
• Bonus points for R, Python and Power BI

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.”"

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.