Remote Associate Actuary, Capital Modeling

Hanover Insurance Group, Inc.; Worcester, Northern (MA, KY); Hybrid; USD 120,000 - 190,000; Full time

Benefits offered by this job

Medical, dental, vision, life, anddis&

Job summary

The Hanover Insurance Group is seeking an Associate Actuary to join the Economic Capital Modeling (ECM) team. This remote-friendly role can be based at our Worcester, MA headquarters or work from home, with collaboration across Finance, ERM, Investments, and Treasury.

The successful candidate will maintain and enhance the ECM, analyze model inputs, perform risk quantification, and support capital allocation and performance measurement initiatives across underwriting, reserving, and market risks.

Qualifications

• Bachelor's degree in a technical or quantitative field.
• ACAS or equivalent actuarial experience preferred.
• Five+ years of actuarial or capital modeling experience.
• Strong knowledge of ECM concepts and enterprise risk principles.
• Proficient in Excel, PowerPoint, and data tools.

Responsibilities

• Maintain and enhance the Economic Capital Model (ECM).
• Analyze model assumptions and outputs to improve accuracy and value.
• Conduct enterprise risk quantification across underwriting, reserving, market and operational risks.
• Perform stress tests and scenario analyses on capital requirements.
• Communicate results to technical and non-technical stakeholders.
• Collaborate with Finance, ERM, Investments, Treasury and leadership.
• Support capital allocation and performance measurement frameworks.

Skills

Actuarial modeling

ACAS experience

Python

R

SQL

Excel

Communication skills

Project management

Education

Bachelor's degree in technical/quantitative field

Tools

Python

R

SQL

Excel

Job description

The Hanover Insurance Group is seeking an Associate Actuary to join the Economic Capital Modeling (ECM) team. This remote-friendly role can be based at our Worcester, MA headquarters or work from home, with collaboration across Finance, ERM, Investments, and Treasury.

The successful candidate will maintain and enhance the ECM, analyze model inputs, perform risk quantification, and support capital allocation and performance measurement initiatives across underwriting, reserving, and market risks.