Associate Actuary (REMOTE)

Our Commercial Lines Actuarial department is seeking an Associate Actuary for Commercial Auto to join our growing team in Worcester, MA Corporate Headquarters, or remote work location. POSITION OVERVIEW: This role within the Commercial Lines Actuarial department will have pricing responsibility for the Commercial Auto line of business for Small Commercial and Middle Market. This role will report to the Actuarial Manager of Commercial Auto. The Commercial Auto book is over $300 Million and is one of the most profitability-challenged lines in the industry, requiring an innovative, analytical, and business-oriented actuarial approach. This role will have ratemaking responsibilities including rate indications, loss trend, loss ratio projections, account segmentation, and other initiatives. Additionally, this role will be responsible for leading several state rate revisions, forecasting IBNR, and leveraging predictive analytics to implement a new product and pricing platform. This role requires effective communication skills as there will be a high level of collaboration with the business (State Management, Underwriting, field leadership etc.) to support profitable growth across the Core Commercial organization. This is a Full-time, Exempt role. IN THIS ROLE, YOU WILL: • Be responsible for actuarial rate indications and actuarial assumptions • Lead annual rate revision analyses, filings, and objection management • Leverage predictive analytics to implement new auto product and pricing platform • Monitor and analyze profitability and provide thoughtful recommendations to business partners • Effectively communicate technical analysis to business partners and upper management • Analyze the book of business and collaborate with field leadership to understand relevant activities and trends • Collaborate with other Commercial Lines actuarial pricing teams • Incorporate industry and other external benchmarks into analyses • Build efficiencies and improvements into existing processes • May lead or participate in community recruiting and/or training activities WHAT YOU NEED TO APPLY: • Bachelor's Degree or higher in a relevant technical field • Five or more years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling. • Experience with predictive modeling preferred • ACAS Designation or higher or equivalent work experience • Possesses a detailed understanding of actuarial concepts/methods and the ability to research and employ new techniques depending on project requirements. • Advanced skills using Microsoft Office, including Excel • Intermediate programming skills (SQL preferred), including the ability to develop and automate processes • Advanced communication skills; ability to communicate technical concepts to non-technical audiences • Ability to multitask and meet all deadlines with quality product 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 Compensation: 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.