Apply on Employer Site

The Hanover Insurance Group · 2 weeks ago

Actuarial Director (REMOTE OR MA)

United States

Full-time

Remote

Mid, Senior Level

7+ years exp

The Hanover Insurance Group is a long-established company focused on delivering promises and maintaining a strong corporate culture. They are seeking an Actuarial Director for their Profitability Analytics team to manage a group of actuaries, oversee profitability analytics, and communicate insights to business partners to influence strategic direction.

Insurance

Responsibilities

Manage and lead a team of actuarial analysts, ensuring technical execution of deliverables alongside personal growth of entire team

Forecast and monitor frequency and severity projections combining internal data, industry data, and macro-economic benchmarks

Use technical actuarial pricing methods to develop and communicate semi-annual rate indications including premium trend assumption updates

Project ultimate loss results for usage in Personal Lines Pricing decision including tracking of IBNR development against actual emergence

Effectively communicate technical analysis to business partners and executive leadership

Collaborate with business partners including Actuarial State Pricing team in strategy and profitability analyses

Build efficiencies and improvements into existing processes

May lead or participate in community training activity

Qualification

Actuarial pricing methodsPredictive modelingACAS certificationManagement experienceMicrosoft ExcelLossPremium analyticsChange managementResults orientationTalent managementDecisivenessAdvanced communication skillsProject organizationRelationship buildingStrategic thinking

Required

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

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

Project organization and time management skills to balance conflicting priorities

Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way

Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals

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

Talent Management - Proactively fosters building, mobilizing and evaluating the organizations' human assets. Establishes performance goals and measures in order to accomplish organizational goals

Business Enterprise Knowledge - Understands how one's own function adds value to the organization and to customers. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals, reflecting an awareness of external dynamics. Demonstrates awareness by providing clear explanations for actions taken relative to customer requirements, needs, and industry trends

Strategic Thinking - Examines issues and plans with a long-term perspective. Able to critically evaluate external and internal factors

Change Management - Designs and transforms an organization based on assumptions of human capability and resiliency. Understands the basic human patterns that operate during change, and effectively focuses the organization's capability on an effective transformation. Focuses and energizes a group to accomplish change together and holds them accountable to common goals

Decisiveness - Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Determines appropriate options based on the situation