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

The Hanover Insurance Group•Worcester, MA

2d•Hybrid

About The Position

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.

Requirements

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

Responsibilities

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.