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.

Our Actuarial team is currently seeking an Associate Actuarial and Analytics Business Analyst in our Worcester, MA office or remote work location. This is a full time, exempt role.

POSITION OVERVIEW:

Applies analytical skills to the development and completion of routine actuarial and/or analytics processes. With supervision, assists in providing quantitative support for product development, financial analysis, management reporting, and other actuarial and/or analytics research. Extracts and integrates data from various databases to analyze and develop reports and spreadsheets. Capable of assisting in handling all aspects of routine filing preparation where standard actuarial support is required.

IN THIS ROLE, YOU WILL:

• Serve as a team member on projects of large scope and moderate to high complexity. Able to work independently with guidance and direction as appropriate.
• With oversight, analyze pricing, reserving, or corporate profitability and capital management data.
• Analyze company and industry experience as required.
• Support in designing and preparing special reports and other data compilations as requested.
• Develop an understanding of data being collected.
• Communicate with internal and external customers to discuss analysis results.
• Gather information for competitive analysis.
• May prepare and present actuarial and/or analytics findings to management and business partners.
• Provide timely and accurate analytical support. Ensures results are validated for accuracy.
• Assist in providing support on routine insurance department inquiries.
• Assist in monitoring compliance with ISO, NCCI, State Rating Bureau filings, and SOX.
• Assist in maintaining pricing, reserving, or corporate capital management systems.
• Contribute to the relationship between systems and actuarial department.
• Prepare and maintain documentation for existing processes.
• Adhere to peer review guidelines.

WHAT YOU NEED TO APPLY:

• Undergraduate degree with strong academic performance
• 0 to 3 years of related analytical experience preferred
• Willingness to learn insurance rate making and reserving concepts.
• Solid understanding of Microsoft Excel
• Strong business and financial acumen, has the aptitude to learn
• Intellectually curious
• Solid analytical and problem-solving skills
• Strong communication and interpersonal skills
• Self-motivated and organized

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

Ability to use a personal computer and other standard office equipment

Ability to work in a fast paced or stressful environment

Ability to travel as necessary

Ability to sit and/or stand for extended periods

This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform.

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.

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.

Hiring Min Rate

60,000 USD

Hiring Max Rate

80,000 USD