Associate Actuary, Capital Modeling

🕒 August 21

🍂 Massachusetts – Remote

🍂 Massachusetts – Remote

⏰ Full Time

🟢 Junior

🟡 Mid-level

📊 Actuary

👻 Ghost score 18%

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The Hanover Insurance Group

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1852

🛡️ Insurance

🤝 B2B

👥 B2C

💰 $500M Post-IPO Debt - The Hanover Insurance Group on 2025-08

Insurance • B2B • B2C

The Hanover Insurance Group is a US-based insurance company providing a broad range of personal and commercial insurance products and risk solutions. The company offers individual lines (home, auto, umbrella, renters, valuable items, watercraft, motorcycles and collector cars) and commercial lines for businesses across many industries (business owner’s policies, workers' compensation, cyber, general and professional liability, property, surety, and specialty coverages). Hanover operates through a network of agents and brokers, provides claims and billing services, risk consulting and education resources, and emphasizes corporate responsibility and customer support. Headquarters: Worcester, MA.

📋 Description

• Support the maintenance, governance, and ongoing enhancement of Hanover's Economic Capital Model (ECM) • Analyze model assumptions, methodologies, and outputs, contributing recommendations that improve the ECM's effectiveness, accuracy, and business value • Perform enterprise risk quantification, stochastic modeling, and capital adequacy analyses across underwriting, reserving, catastrophe, market, credit, and operational risks • Conduct stress testing and scenario analyses to assess the impact of emerging risks and changing business conditions on capital requirements • Analyze key drivers of economic capital consumption, profitability, and risk-adjusted performance across business segments • Support the development and maintenance of capital allocation and performance measurement frameworks used in strategic decision-making • Determine the impact of reinsurance structures, capital management initiatives, and business opportunities on risk, return, and capital efficiency • Analyze the capital implications of strategic initiatives and management actions, providing data-driven insights and recommendations • Partner with Finance, Enterprise Risk Management, Investments, Treasury, Pricing, Reserving, and business leaders to communicate results and support enterprise decision-making • Contribute to ongoing model enhancements, process improvements, and the evolution of Hanover's capital management capabilities

🎯 Requirements

• Bachelor's degree in a relevant technical or quantitative field • Five+ years of actuarial, capital modeling, enterprise risk management, predictive analytics, pricing, reserving, or related analytical experience • ACAS or equivalent experience preferred • Strong understanding of actuarial modeling techniques, enterprise risk management concepts, and capital management principles • Experience interpreting complex analytical results and translating them into business recommendations • Advanced skills using Microsoft Office, including Excel and PowerPoint • Programming and analytical experience using Python, R, SQL, and other actuarial or data analytics tools, with demonstrated ability to automate processes, develop analytical solutions, and improve operational efficiency • Proven ability to manage multiple priorities and deliver high-quality work within established timelines • Ability to influence decisions and collaborate effectively across functions and organizational levels