Actuarial and Analytics Business Analyst (Remote)

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 Commercial Lines Actuarial team is currently seeking a Business Analyst in our Worcester, MA location or remote work location.  This is a full time, exempt role.

POSITION OVERVIEW:

Independently completes routine actuarial and/or analytics processes with limited supervision. Provides quantitative support for product development, financial analysis, management reporting, and other actuarial and/or analytics research, with direction. Extracts and integrates data from various databases to analyze and develop reports and spreadsheets. Capable of independently handling all aspects of routine filing preparation where standard actuarial support is required.

IN THIS ROLE, YOU WILL:

• Assist in the training and development of other actuarial and/or analytics talent and may act as a peer mentor.
• Analyze pricing, reserving, or corporate profitability and capital management data.
• Analyze company and industry experience as required.
• Design and prepare special reports and other data compilations as requested.
• Understands and draws inferences from data being collected.
• Communicate with internal and external customers to discuss analysis results.
• Analyze, compile, and perform competitive analysis.
• Prepare preliminary recommendations under supervision.
• Prepare and present actuarial and/or analytics findings to management and business partners.
• Provide support on routine insurance department inquiries.
• Monitor compliance with ISO, NCCI, State Rating Bureau filings, and SOX and recommend actions.
• Maintain pricing, reserving, or corporate capital management systems.
• Perform liaison function between systems and actuarial department.
• Prepare and maintain documentation for existing processes.
• Adhere to peer review guidelines.
• Perform other projects and assignments as directed.

WHAT YOU NEED TO APPLY: 

• Bachelor’s degree preferred
• At least 3 years of experience in Property/Casualty actuarial and/or analytics work
• Quantitative background
• Familiar with Property/Casualty insurance rate making and reserving concepts
• Adept in desktop applications and software tools
• Analytical Thinking - Applies analytical techniques (e.g., separating a complex whole into its parts or elements to resolve problems or issues).
• Communication of Results - Ability to express concepts (e.g. business, technical, and other), ideas, insights, opinions, and conclusions, so that others understand or are persuaded to act. Create an environment that encourages and values the opinions of others and promotes sharing of information and ideas.
• Information seeking - Thoroughly investigates and researches multiple sources to expose details and complete information about resources, issues, problems, and so forth. Conducts in-depth research, asks probing questions, and transcends surface issues.
• Self-Management - Effectively plans and organizes their work to achieve desired outcomes. Demonstrates flexibility in applying different approaches to changing work demands. Shows confidence in own abilities to meet challenges and can maintain performance under stress.
• Seeks improvement through learning, development, and feedback.

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.