Associate Actuarial and Analytics Business Analyst; HYBRID in Worcester, MA or REMOTE

Overview

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.

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.

• 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.

• 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

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.

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.

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)
• Full list of Benefits available

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.

The Hanover Insurance Group is…