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Associate Actuary Manager - Personal Lines

Worcester, MA, USA Req #13120
Friday, June 12, 2020

Our Personal Lines Actuarial department is seeking an Associate Actuarial Manager to join our growing team in Worcester, MA Corporate Headquarters. 

 

Position summary:


Has direct responsibility for managing a group of students and/or actuarial support staff and accountability for modeling and pricing framework for one or more personal lines of business. Responsible for managing day to day work flow. Provides technical oversight and guidance. Takes a lead role on actuarial projects.  Employs new techniques depending on project requirements. Presents results and recommended actions consistent with the business strategy of the organization.

 

This is a Full-time, Exempt role.


Responsibilities/Essential Functions:

 

  • Collaborates with others to identify and solve business problems and takes a lead role in working with PL Product for their line(s) of business.

  • Leads meetings, able to influence business partners and articulate findings.

  • Able to take lead in understanding line of business data and work with Azure and Data Science/Data Analytics to add or access additional internal data as appropriate and identify root causes behind trends.

  • Recommends improvements to ratemaking processes, oversees countrywide GLM pricing model development and factor adjustments for individual states during rollouts.  Engages business partners including but not limited to State Management, State Pricing, Product, Underwriting, Data Science and Claim in identifying loss cost drivers and rating variables throughout the modeling process for both buy-in and understanding of the pricing models.

  • Performs projects/analyses that require knowledge of advanced actuarial concepts/methods and/or advanced analytic approaches.

  • Oversees the preparation of necessary systems specifications for semi-annual or annual line of business pricing model releases.

  • Accountable for responding to general insurance department inquiries regarding the pricing models.

  • Takes initiative to ensure compliance with various state and federal regulations.

  • Develop and maintain tools for monitoring model/pricing performance on both a countrywide and state basis at a rating and tier variable basis to ensure continuous improvement in pricing accuracy.

  • Responsible for communicating results/issues to upper level management.

  • Provides coaching to team on standard practices and development of core actuarial & problem solving techniques and developing business acumen of direct reports.

  • Develops leadership skills, motivates and oversees direct reports' work product and daily workload and adjusts priorities as necessary balancing quality and timeliness in work product deliverables.

  • Responsible for performance and compensation management for direct reports.

  • May lead or participate in community recruiting and/or training activities.

 

Position Requirements: 

  • Bachelor’s Degree

  • Five or more years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling.

  • Lead or supervisory experience preferred.

  • ACAS Designation or higher, or equivalent work experience.  Pursuit of FCAS professional designation preferred. 
  • 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, including the ability to develop and automate processes.

  • Ability to multitask and meet all deadlines with quality product.

  • May design and provide training curriculum for student program.

  • Able to direct activities of others, motivate and develop staff.

 

Personal and Professional Competencies

 

  • Communication for Results - Expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand or are persuaded to act. Creates an environment that encourages and values the opinions of others and promotes sharing of information and ideas. Promotes and encourages people to speak up.

  • Conceptual Thinking - Synthesizes facts, trends, inferences, and key issues and/or themes in complex situations. Recognizes patterns and relationships between apparently unrelated entities or situations.

  • Collaboration - Involves others to leverage additional knowledge or skills that lead to increased understanding. Obtains shared commitment to the improvement or success of an event or project.

  • 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. 

  • Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships.

  • 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. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and 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. Authorizes individuals to take initiative and make expedient, practical decisions that impact the performance or success of an event or project. Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Supports continual development of staff through assignments, coaching, and training.




 

 

EEO statement:
 

“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.  

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.” 

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities.  If you require a reasonable accommodation, as a candidate for employment, please inform The Hanover Talent Acquisition office. 
 
 

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Other details

  • Job Function Actuarial
  • Pay Type Salary
  • Travel Required No
  • Required Education Bachelor’s Degree
  • Worcester, MA, USA