The Hanover Insurance Group logo
The Hanover Insurance Group

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.

Actuarial Analyst

Product AnalystProduct AnalystFull TimeRemoteMid LevelTeam 5,001-10,000

Location

United States

Posted

8 days ago

Salary

$61K - $76K / year

Seniority

Mid Level

No structured requirement data.

Job Description

Actuarial Analyst

The Hanover Insurance Group

Role Description This role within the Corporate Actuarial department will be responsible for helping to ensure the strength of Hanover’s balance sheet and providing management with critical insights through the Reserving analysis process. Various forms of analysis include: - A formal quarterly review of the loss and DCCE reserves by accident and/or report year - Appropriate business unit segmentation of carried reserves - An annual ULAE reserve review - A forecast of the ex-cat loss and ALAE ratios for the corporate financial plan - Various “deep dives” An effective candidate will also be able to suggest ways to improve our current processes by identifying enhancements and efficiencies. Effective communication skills are critical, as a high level of collaboration with the Business (Underwriting & Pricing), Claims, Accounting, and Finance is expected. Additionally, this role provides a high degree of exposure to executive leaders. The person who takes on this role would also be an active member of the Actuarial and Analytics community. This is a Full-time, Exempt role. Qualifications - Bachelor’s Degree or equivalent - One or more Casualty Actuarial Exams - Programming skills, including the ability to debug and automate processes (SQL, VBA) - Experience using Microsoft Office, including Excel and PowerPoint - Understands fundamental analytical concepts, practices, and procedures Requirements - Ability to multitask and meet all deadlines with quality analysis - Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion - Analytical Thinking - Applies analytical techniques to resolve problems or issues - Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal - Communication for Results - Ability to express technical and business concepts clearly - Growth Mindset - Embraces a creative approach and a changing environment - Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence Benefits - 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)

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