VP, Lead Actuary (REMOTE)
Hanover Insurance Group
- Worcester, MA
- Permanent
- Full-time
- Provide guidance and insights regarding rate direction for the Personal lines of business including rate adequacy and economic profitability
- Provide expert actuarial support for complex situations such as regulatory and statutory challenges, competitive intelligence, and merger & acquisition diligence efforts, where applicable
- Work with business unit leaders to assess quality of current programs and new business opportunities
- Proactively monitor businesses from both a mix and loss perspective, collaborating with leadership to assist underwriting in achievement of pricing goals, business mix, and reporting
- Perform line of business and market segment analysis and provide recommendations. Propose initiatives or changes in business aimed at improving strategic position and financial performance
- Partner with business unit CFO and Corporate Actuarial to enhance clarity into loss ratio and combined ratio results and appropriate booking of those results
- Key role for external projects such as Planning and Forecasting and product development initiatives
- Collaborate with Analytics and Data Science on data strategy for Personal Lines
- Create, maintain and enhance reporting to business on business partners on key premium and loss metrics
- Develop a world-class actuarial/analytics team and capabilities in Personal lines in which Hanover competes focusing on developing a team of proactive, thoughtful, and exceptional performers.
- Accountable for financial/budgetary oversight for applicable group.
- Bachelor’s Degree or higher in a relevant technical field
- FCAS Designation required
- Strong understanding of actuarial concepts, theories, and methods.
- A minimum of ten years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling
- Experience with Personal Lines business including both Personal Auto and Homeowners
- Demonstrated leadership and organizational skills and executive capabilities. Minimum of seven years in actuarial or business unit management capacity
- Ability to work independently and in a highly matrixed environment
- Strong oral and written communication and listening skills, including abstract thinking and deductive reasoning
- Ability to function well as part of a cross-functional team
- Exceptional leader with a demonstrated track record of leading high performing teams
- Strategic and insightful thinker, with good judgment and an intuitive sense of where to lead and/or look for opportunities to support the business. Decisive and appropriately resolute, but open-minded
- Excellent executive presence with crisp communication skills, both oral and written
- Ability to work in an extremely fast-paced, highly matrixed, and entrepreneurial environment. Proven track record of working hand in hand with Business Unit leaders, rolling up their sleeves to get the job done
- Collaborative, team player with strong results orientation and sense of urgency
- Demonstrate core values of Collaboration, Accountability, Respect and Empowerment
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full