This listing was posted on Actuary.
VP, Lead Actuary (REMOTE)
Location:
Worcester, MA
Description:
VP, Lead Actuary (REMOTE) Worcester, MA, USA * Virtual Req #17749 Tuesday, April 23, 2024 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 Personal Lines department is seeking a VP, Lead Actuary to join our growing team in our Worcester, MA office or remote work location. POSITION SUMMARY: The VP, Lead Actuary will be responsible for establishing and executing the product, profitability and pricing strategies and leading the actuarial support for Hanover Group's Personal Lines Business Unit. The Personal Lines Business Unit focuses on preferred accounts customers and manages $2.5 billion in revenue. The Lead Actuary provides overall management and technical oversight of Personal Line's actuarial staff. Additionally, the Lead Actuary partners with Personal Lines Business Unit leaders and works in close collaboration with their state management, data science, underwriting, marketing, finance and claims teams to develop the strategy for the Personal Lines and is responsible for the development and execution of initiatives that deliver profitable growth across the portfolio. This is a Full-time, Exempt role. IN THIS ROLE, YOU WILL: Business Advisory: Act as an advisor to Personal Lines leadership on business performance management. Specific responsibilities include: 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 Data Strategy and Reporting: 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 Talent Management & Development: 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. WHAT YOU NEED TO APPLY: 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 Personal and Professional Competencies: 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 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 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 list of Benefits 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. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: XXXX@hanover.com and include the link of the job posting in which you are interested. Privacy Policy: To view our privacy policy and online privacy statement, click here . Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here .Requisition #: 274215ah5d54a
Company:
The Hanover Insurance Group
Posted:
April 10 on Actuary
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More About this Listing: VP, Lead Actuary (REMOTE)
VP, Lead Actuary (REMOTE) is a Executive VP Job at The Hanover Insurance Group located in Worcester MA. Find other listings like VP, Lead Actuary (REMOTE) by searching Oodle for Executive VP Jobs.
VP, Lead Actuary (REMOTE) is a Executive VP Job at The Hanover Insurance Group located in Worcester MA. Find other listings like VP, Lead Actuary (REMOTE) by searching Oodle for Executive VP Jobs.