Actuarial Analyst (REMOTE OR HYBRID TO MA)

Other Jobs To Apply

<p style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Verdana; font-size: medium;">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 </span><a href="https://www.hanover.com/why-hanover/about-our-company/our-mission-vision-and-values" target="_self"><span style="color: #0066ec; font-family: Verdana; font-size: medium;">CARE</span></a><span style="font-family: Verdana; font-size: medium;"> through our values, <a href="https://www.hanover.com/about-hanover/our-corporate-commitment/sustainability-priority-hanover" target="_self"><span style="color: #0066ec;">Sustainability</span></a> initiatives and <a href="https://www.hanover.com/about-hanover/our-corporate-commitment/inclusion-diversity-and-equity" target="_self"><span style="color: #0066ec;">inclusive corporate culture</span></a>.</span></p> <p style="margin-top: 0px; margin-bottom: 0px;"> </p><p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><span style="font-family: verdana, geneva; font-size: 12pt;">Our Corporate Actuarial department is seeking a Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters or remote work location. </span><br><br></p> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong>POSITION SUMMARY: </strong></span></p> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><span style="font-family: verdana, geneva; font-size: 12pt;">This role within the Corporate Actuarial department will be responsible for helping to ensure the strength of Hanover’s balance sheet and providing management with critical insights through the Reserving analysis process.  Various forms of analysis include a formal quarterly review of the loss and DCCE reserves by accident and/or report year, appropriate business unit segmentation of carried reserves, an annual ULAE reserve review, a forecast of the ex-cat loss and ALAE ratios for the corporate financial plan, and various “deep dives.” An effective candidate will also be able to suggest ways to improve our current processes by identifying enhancements and efficiencies.</span></p> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><br><span style="font-family: verdana, geneva; font-size: 12pt;">Effective communication skills are critical, as a high level of collaboration with the Business (Underwriting & Pricing), as well as Claims, Accounting, Finance is expected. </span><br><br><span style="font-family: verdana, geneva; font-size: 12pt;">Additionally, this role provides a high degree of exposure to executive leaders. The person who takes on this role would also be an active member of the Actuarial and Analytics community.</span></p> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><span style="font-family: verdana, geneva; font-size: 12pt;">This is a Full-time, Exempt role.</span></p> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><br><span style="font-family: verdana, geneva; font-size: 12pt;"><strong>IN THIS ROLE, YOU WILL:</strong></span></p> <ul> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Ensure execution of deliverables</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Be accountable for deadlines associated with the financial quarterly close</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Monitor reserve adequacy and communicating of trends to executive leadership</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Be responsible for exploring ways to continually improve processes and enhance efficiencies</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Perform analysis that requires knowledge of fundamental actuarial concepts/methods and/or analytic approaches</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Partner with the Business (Underwriting & Pricing), as well as Claims, Finance and Accounting across the organization to build credibility of the actuarial department and make appropriate decisions</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">May participate in community recruiting and/or training activities</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Other duties as assigned </span></li> </ul> <p style="margin: 0in 0in 8pt; line-height: 115%; font-size: 12pt; font-family: Aptos, sans-serif;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong>WHAT YOU NEED TO APPLY:</strong></span></p> <ul> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Bachelor’s Degree or equivalent.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">One or more Casualty Actuarial Exams.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Programming skills, including the ability to debug and automate processes (SQL, VBA).</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Experience using Microsoft Office, including Excel and PowerPoint</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Understands fundamental analytical concepts, practices and procedures</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Ability to multitask and meet all deadlines with quality analysis.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Analytical Thinking - Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues. •</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Communication for Results - Ability to expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes and constantly seeks to learn.</span></li> <li style="line-height: 115%; font-size: 12pt; font-family: verdana, geneva;"><span style="font-family: verdana, geneva; font-size: 12pt;">Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards.</span></li> </ul> <p> </p><p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;">CAREER DEVELOPMENT:</span></strong></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt; white-space: normal;">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.</span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;"> </span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;">BENEFITS:</span></strong></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">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.</span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;"> </span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Benefits include:</span></span></p> <ul style="margin-top: 0in;" type="disc"> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Medical, dental, vision, life, and disability insurance</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">401K with a company match</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Tuition reimbursement</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">PTO</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Company paid holidays</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Flexible work arrangements</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Cultural Awareness Day in support of IDE</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">On-site medical/wellness center (Worcester only)</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Click here for the full </span><span style="color: #0066ff; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/careers/benefits" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">list of Benefits</span></a></span></span></li> </ul> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="white-space: normal;">EEO statement:</span></strong></span></p> <p style="background: white; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="line-height: 115%; white-space: normal;">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.   <br><br>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.”  <br><br>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:</span><span style="line-height: 115%; white-space: normal;"><span style="color: #0066ff; line-height: 115%; white-space: normal;"><a rel="noopener" href="mailto:HRServices@hanover.com" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">HRServices@hanover.com</span></a></span><span style="line-height: 115%; white-space: normal;"> and include the link of the job posting in which you are interested.</span></span></span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="color: #393839; font-family: verdana, geneva; font-size: 12pt; white-space: normal;"> </span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="white-space: normal;">Privacy Policy:</span></strong></span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">To view our privacy policy and online privacy statement, click </span><span style="color: #0066ff; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/privacy-policy.html" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">here</span></a></span><span style="white-space: normal;">.  </span></span></p> <p><br><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="line-height: 115%; white-space: normal;"><strong>Applicants who are California residents:</strong> To see the types of information we may collect from applicants and employees and how we use it, please </span><span style="color: #0066ff; line-height: 115%; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/_ASSETS/pdf/CCPA-Notice-to-Personnel.pdf" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">click here</span></a></span><strong><span style="line-height: 115%; white-space: normal;">.<br></span></strong></span></p> <p style="margin: 0in; font-size: 11pt; font-family: Aptos, sans-serif;"><strong><span style="font-size: 12.0pt; font-family: Verdana, sans-serif;">Compensation:</span></strong></p> <p style="margin: 0in; font-size: 11pt; font-family: Aptos, sans-serif;"><span style="font-size: 12.0pt; font-family: Verdana, sans-serif;">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.</span></p>

Back to blog

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...