Job actuary in Connecticut, at The Hanover Insurance Group

Job Details

Company Logo Logo
Company The Hanover Insurance Group
Company Website Hiring Organization
Company Address Worcester, MA
Industry Insurance Carriers
Sector Insurance
Salary - USD per
Job Location Connecticut,

Job Description

\"actuary

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, ESG initiatives and IDE journey.

Our Specialty Actuarial team is currently seeking an Actuary / Associate Actuary* either in our Worcester, MA / Windsor, CT offices or remote work arrangement.

  • open to various levels
This is a full time, exempt role.

POSITION OVERVIEW:
This position will play a lead role in the Hanover Specialty Property & Casualty actuarial practice, including conducting profitability analyses, portfolio management, planning, and product development. This pricing role will be primarily focused on the $160 million Hanover Specialty Industrial Property (HISP) business unit with a secondary focus will be on the $320M Hanover Program book of business. This position reports to the Actuarial Director of Specialty Property & Casualty.
This is a highly visible position, working closely with the HSIP & Hanover Programs leadership teams, Claims, Product, Finance, and the broader actuarial and analytics community.

IN THIS ROLE, YOU WILL:
  • Lead analysis in support of overall pricing strategy including continued pricing monitoring & enhancements and product rewrites
  • Assess profitability of the business through regular rate indication analyses
  • Research new program opportunities, including profitability analysis and gauging applicability to the existing program book & appetite
  • Play a supporting role in the actuarial planning process, including IBNR forecasting, trend analysis, and rate actions
  • Balance influencing and negotiating skills with thoughtful collaboration to achieve sustainable, profitable growth
  • Pursue opportunities to leverage internal and external data to drive continual improvement of pricing & reporting capabilities
  • Prepare or assist in the preparation of filings to support & implement rate and product enhancements
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 advanced analytics.
  • Near-ACAS designation or higher or relevant work experience. Pursuit of FCAS professional designation preferred.
  • Advanced communication skills, ability to communicate and influence both technical and non-technical audiences
  • Advanced skills 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.
  • Intermediate programming skills, including the ability to develop and automate processes
  • Able to apply and interpret company policies and procedures
  • Has complete ownership over work product and timeline, including prioritization of responsibilities and projects while meeting deadlines
  • Have a 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.
  • Influence Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships.
  • Be Results Oriented - 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. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards.
  • Be Decisive – Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Is able to make decisions and complete analyses in the absence of complete information and displays integrity and sound judgment.
CAREER DEVELOPMENT:
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.

BENEFITS:
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.

Benefits include:
  • 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)
  • Click here for the full list of Benefits
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.”

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:
To view our privacy policy and online privacy statement, click here.

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here.

Job Location

Connecticut,

Apply Here