Actuarial Director (MA, CT or MI based or REMOTE)
Job title: Actuarial Director (MA, CT or MI based or REMOTE) in Worcester, MA at Hanover Insurance Group
Company: Hanover Insurance Group
Job description: Our Personal Lines Actuarial team is seeking an Actuarial Director to join our growing team in Worcester, MA, Windsor, CT, Howell, MI or remote work location consideration.This is a full time, exempt position.POSITION OVERVIEW:The Actuarial Director role is responsible for managing a team of pricing actuaries within our Personal Lines actuarial team, reporting directly to the Actuarial State Pricing AVP for Personal Lines. This is a highly visible position, with day-to-day responsibility for all pricing activities for 1/3rd or more of The Hanover’s $2.5B Personal Lines business.The Actuarial Director role provides overall management and technical oversight to a team of analysts with varying degrees of experience and is expected to take on a more hands on approach when required. This role requires partnership across the Personal Lines actuarial team, as well as the broader organization including Personal Lines State Management, Underwriting, Product, Technology, and Finance.Direct responsibilities include managing rate reviews with an eye towards process improvement, loss ratio planning, supporting product development, and leveraging analytics to advance more sophisticated pricing strategies and solutions.IN THIS ROLE, YOU WILL:
Manage and lead a team of actuarial analysts, ensuring execution of deliverables while navigating unanticipated situations
Be responsible for the professional development as well as performance and compensation management for your team
Oversee analysis in support of overall personal lines pricing strategy including continued advancements of pricing sophistication
Proactively analyze profitability and mix of business to provide rate and strategy recommendations to business partners
Drive innovation within the Personal Lines state pricing team, enhancing our countrywide performance tracking and analysis
Lead meetings in which you effectively integrate technical analysis and organizational strategy to business partners and upper management
Influence and negotiate the appropriate actions to support strategic goals of the organization
Own the actuarial rate indications and actuarial assumption updates for assigned states
Understand external market forces, proactively share these with business partners and other relevant stakeholders, and incorporate into decision making
Provide actuarial support on routine insurance department inquiries as needed
Review and have responsibility for filings to support and implement rate and product enhancements
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
Seven+ years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics.
Experience with predictive modeling preferred
Minimum of 2 years in management capacity
ACAS required, FCAS preferred
Advanced communication skills
Advanced skills using Microsoft Office, including Excel
Intermediate programming skills, including the ability to develop and automate processes
Demonstrated knowledge of all techniques used to model various assumptions
Able to apply and interpret company policies and procedures
Able to direct activities of others, motivate and develop staff
Must be eligible for to work in the United States without sponsorship now or in the future (ie. US citizen or Greencard holder)
Expected salary:
Location: Worcester, MA
Apply for the job now!
Apply Now
Company: Hanover Insurance Group
Job description: Our Personal Lines Actuarial team is seeking an Actuarial Director to join our growing team in Worcester, MA, Windsor, CT, Howell, MI or remote work location consideration.This is a full time, exempt position.POSITION OVERVIEW:The Actuarial Director role is responsible for managing a team of pricing actuaries within our Personal Lines actuarial team, reporting directly to the Actuarial State Pricing AVP for Personal Lines. This is a highly visible position, with day-to-day responsibility for all pricing activities for 1/3rd or more of The Hanover’s $2.5B Personal Lines business.The Actuarial Director role provides overall management and technical oversight to a team of analysts with varying degrees of experience and is expected to take on a more hands on approach when required. This role requires partnership across the Personal Lines actuarial team, as well as the broader organization including Personal Lines State Management, Underwriting, Product, Technology, and Finance.Direct responsibilities include managing rate reviews with an eye towards process improvement, loss ratio planning, supporting product development, and leveraging analytics to advance more sophisticated pricing strategies and solutions.IN THIS ROLE, YOU WILL:
Manage and lead a team of actuarial analysts, ensuring execution of deliverables while navigating unanticipated situations
Be responsible for the professional development as well as performance and compensation management for your team
Oversee analysis in support of overall personal lines pricing strategy including continued advancements of pricing sophistication
Proactively analyze profitability and mix of business to provide rate and strategy recommendations to business partners
Drive innovation within the Personal Lines state pricing team, enhancing our countrywide performance tracking and analysis
Lead meetings in which you effectively integrate technical analysis and organizational strategy to business partners and upper management
Influence and negotiate the appropriate actions to support strategic goals of the organization
Own the actuarial rate indications and actuarial assumption updates for assigned states
Understand external market forces, proactively share these with business partners and other relevant stakeholders, and incorporate into decision making
Provide actuarial support on routine insurance department inquiries as needed
Review and have responsibility for filings to support and implement rate and product enhancements
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
Seven+ years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics.
Experience with predictive modeling preferred
Minimum of 2 years in management capacity
ACAS required, FCAS preferred
Advanced communication skills
Advanced skills using Microsoft Office, including Excel
Intermediate programming skills, including the ability to develop and automate processes
Demonstrated knowledge of all techniques used to model various assumptions
Able to apply and interpret company policies and procedures
Able to direct activities of others, motivate and develop staff
Must be eligible for to work in the United States without sponsorship now or in the future (ie. US citizen or Greencard holder)
Expected salary:
Location: Worcester, MA
Apply for the job now!
Apply Now