Actuarial Director - Specialty (REMOTE)

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

Our Specialty Actuarial team is seeking an Actuarial Director to join our growing team in Worcester, MA; Windsor, CT; or remote work arrangement.

Position summary

The Actuarial Director role will lead all aspects of the Specialty Property and Casualty actuarial practice, including pricing segmentation, portfolio management, planning, and product development. This profitable $560 million business contains a diverse array of products and coverages ranging from programs business to highly complex property to excess and surplus lines. This position reports to the AVP & Actuary and leads a team of three.

The Actuarial Director is a key member of the Specialty P&C leadership team, working closely with both the Presidents and the Chief Underwriting Officers of the business. The manager provides overall management and technical oversight to their staff and is expected to take a more hands on approach where required. This role requires partnership across the Specialty actuarial team as well as the broader organization, including Corporate Underwriting, Enterprise Product, and Finance.

This is a Full-time, Exempt role.

POSITION SUMMARY

Owns and is accountable for regular segmented profitability reviewsLeads the actuarial planning process as well as IBNR forecastingPlays a critical role in setting the strategic direction for investments in technology and enhancements to dataMonitors profitability and communicates trends to executive leadershipResponsible for continuous review and improvement of operations and managing unanticipated situationsPartners with business leaders to provide insights and shape direction of the businessAbility to influence and negotiate the appropriate actions to support the strategic goals of the organizationCapable of testifying at a rate hearing if necessaryResponsible for professional development as well as performance and compensation management for team

WHAT YOU NEED TO APPLY

Bachelor’s Degree or higher in a relevant technical fieldSeven+ years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics.Prior management experience preferredACAS required, FCAS preferredAdvanced communication skillsAdvanced skills using Microsoft Office, including ExcelAdvanced capabilities in data analysis and manipulationIntermediate programming skills, including the ability to develop and automate processesDemonstrated knowledge of all techniques used to model various assumptionsAble to apply and interpret company policies and proceduresAble to direct activities of others, motivate and develop staffGrowth 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 wayRelationship 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 goalsInfluencing 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. 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.

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 insurance401K with a company matchTuition reimbursementPTOCompany paid holidaysFlexible work arrangementsCultural Awareness Day in support of IDEOn-site medical/wellness center (Worcester only)