For more than 160 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.
Our Personal Lines team is currently seeking a Senior Actuarial Analyst in our Worcester, MA location. This is a full time, exempt role.
The Senior Actuarial Analyst role within Personal Lines State Pricing is responsible for the ongoing analysis of results for all personal lines of business for 2-3 states within The Hanover’s personal lines footprint. The Senior Actuarial Analyst draws upon their expert knowledge of their states to develop rate filing proposals in collaboration with their manager, other actuarial analysts, and internal business partners. Other key responsibilities include monitoring, analyzing, and providing insights into close rate and retention; developing and owning reports shared with a variety of internal business partners; and earned rate forecasting.
IN THIS ROLE, YOU WILL:
Apply actuarial knowledge to compile and analyze data.
Understand and draw inferences from data being collected.
Communicate with internal and external customers to discuss analysis results.
Participate in development and continual improvement of rate/price recommendations.
Take ownership of assignments pertaining to maintenance of rules and rating factors according to a rate review schedule, loss development analysis, and/or development of pricing models and profitability analyses.
Provide actuarial support on routine insurance department inquiries.
WHAT YOU NEED TO APPLY:
Three plus years of experience in core discipline
Three or more Casualty Actuarial Exams
Proficient using Microsoft Office, including Excel.
Possesses a detailed understanding of the data sources used within the core discipline.
Understands fundamental concepts, practices and procedures relevant to core actuarial discipline.
Applies project management skills to schedule, organize and complete assigned tasks accurately and on time.
Intermediate programming skills preferably SQL, including the ability to develop and automate processes
Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way
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.
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.
It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Medical, dental, vision, life, and disability insurance
401K with a company match
9 company holidays
Flexible work arrangements
On-site medical/wellness center (Worcester only)
Internal Number: 13203
About The Hanover Insurance Group
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions in a dynamic world. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.
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