Actuarial Analyst; Hybrid to MA or REMOTE

Actuarial Analyst (Hybrid to MA or REMOTE)

Worcester, MA, USA

Our Personal Lines Actuarial team is seeking an Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

The Actuarial Analyst role within the Personal Lines Actuarial state pricing team is responsible for supporting the ongoing analysis of results for all personal lines of business in 1-3 states. The personal lines state pricing team supports lines of business that comprise roughly $2.5B in annual earned premium.

As an Actuarial Analyst, you will perform tasks of mathematical and quantitative nature using established procedures, working under immediate supervision. You will learn fundamental actuarial concepts, practices and procedures. You will have opportunities to collaborate with and present your work to internal business partners. You will also become familiar with company operations, systems and actuarial methodologies. All of this while actively pursuing your professional actuarial designation with the support of our Actuarial program.

This is a Full-time, Exempt role.

• Acquire knowledge of basic actuarial concepts and methods pertinent to area of actuarial focus
• Obtain proficiency in the various software applications required to perform daily work
• Become comfortable with company data structure and definitions
• Compile and categorize data and prepare exhibits
• Prepare and/or assist in the preparation of system specifications to implement required rate actions
• Work on maintenance of rules and rating factors according to a rate review schedule, loss development analysis in support of rate indications, and pricing models to produce more accurate and better segmented individual risk pricing
• Provide actuarial support on routine insurance department inquiries as needed
• Effectively communicate technical analysis to business partners and upper management
• Build relationships within and across functional areas
• Collaborate effectively with team members and business partners in the completion of tasks

• Bachelor’s Degree
• Zero to two years of experience in the actuarial or related discipline.
• One or more Casualty Actuarial Exams.
• Experience with modeling, coding, and using Microsoft Office, Excel preferred.
• Understands fundamental analytical concepts, practices and procedures.
• Familiar with external agencies that influence and/or impact core actuarial discipline.
• Performs assigned tasks using established procedures and working under immediate supervision.
• Instructed on most assignments and refers unusual situations to a more experienced team member or supervisor.
• Openness to Learning
  - Expands knowledge base through traditional and non-traditional education to improve personal skills and abilities.
• Analytical Thinking
  - Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues.
• Teamwork
  - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team.
• Thoroughness
  - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.

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.

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• PTO
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)

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,…