Actuarial Trainee

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POST DATE 9/12/2016
END DATE 10/18/2016

DiversityWorking Worcester, MA

Worcester, MA
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #


Actuarial TraineeJob ID #:
8343 Location:
Worcester, MAFunctional Area:
Actuarial SBU:
79300 - Commercial Lines Home OfficePosition Type:
Full - Time Education Required:
Bachelors DegreeExperience Required:
1 - 3 Years Relocation Provided:
Job DescriptionWhere Great People Build Successful Careers.The Hanover is seeking an Actuarial Trainee to join our growing team in our Worcester, MA office.Company Overview:
As an employee at The Hanover Insurance Group, you are part of a diverse, energetic and innovative team with a tremendous range of industry, technical and professional experience. Our staff is self-motivated to achieve their business goals and objectives. They are provided with the resources and encouragement needed to help make it happen while balancing the demands of work with personal and family needs. You can expect to be challenged by your work, encouraged by co-workers and collaborators, and supported with outstanding career development and training tools. The Hanover Insurance Group, Inc. (NYSE:
THG) operates as The Hanover Insurance Company, except in Michigan, where we do business as Citizens Insurance Company of America. The Hanover, based in Worcester, Massachusetts, is a leading provider of Property and Casualty insurance products for individuals, families and businesses. The Hanover offers a wide range of Property and Casualty products and services through an extensive network of Independent Agents.Position summary:
This career opportunity provides new-to-insurance industry professionals with the comprehensive job skills and leadership development training necessary to enhance their analytical, decision-making, business acumen, communication, and teamwork capabilities. This program offers exposure to different business units as well as company-paid study time for exams, reimbursement of exam fees and the cost of study materials and seminars.Responsibilities/Essential Functions:
- Evaluate the development of losses for various segments and lines of business in order to estimate the ultimate value of liability incurred- Estimate the future cost of insurance rates by using actuarial methods to adjust historical premium and losses- Assess the profitability of different segments of businessPotential Projects Include:
- Create new products using generalized linear modeling and other predictive analytic techniques- Analyze the results of different segments of business with an emphasis on profitable growth- Calculate future rates or expected ultimate losses using a blend of traditional and industry-leading techniques- Quantify corporate exposure to risk from insurance and investmentsPosition RequirementsRequirements:
- Bachelor's Degree with a GPA of 3.0 or higher- Legal right to work in the United States without requiring sponsorship, now or in the future- Passed one or more actuarial exams- Strong math and analytical background- Robust internship and/or leadership experience- Excellent verbal and written communication skills- Ability to adapt to new situations quickly and prioritize tasks and responsibilities- Strong experience in working with teams- A high degree of self-motivation- Willingness to develop professionally- Ability to think creatively- Intellectual curiosity- Proficiency with Microsoft Office productsRecognized as one of America's Best Employers by Forbes, The Hanover is proud to be among the top property and casualty insurers in the United States. The Hanover offers a collaborative environment where you'll gain new experiences and grow your career. The Hanover offers comprehensive benefits to help you stay healthy, build financial security, and maintain work/life balance. At The Hanover, you'll enjoy what you do and have the support you need to succeed.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.'The Hanover Insurance Group does not accept unsolicited Agency resumes. The Hanover Insurance Group will not pay fees to any third party agency or firm that does not have a signed 'Employment Agency Agreement' already on file with Human Resources - The Office of Talent Management. .