Associate Actuary, Capital Modeling

This is a fully remote position, open to applicants in Massachusetts.

📋 Description

• Assist in the upkeep, governance, and continuous improvement of Hanover's Economic Capital Model (ECM)

• Evaluate model assumptions, methodologies, and outcomes, suggesting enhancements for effectiveness, accuracy, and business value

• Conduct enterprise risk quantification, stochastic modeling, and capital adequacy evaluations across underwriting, reserving, catastrophe, market, credit, and operational risks

• Execute stress testing and scenario analyses for emerging risks and evolving business conditions

• Assess economic capital usage, profitability, and risk-adjusted performance across various business segments

• Aid in the development of capital allocation and performance measurement frameworks to support strategic decision-making

• Analyze the effects of reinsurance arrangements, capital management strategies, and business opportunities on risk, return, and capital efficiency

• Evaluate capital implications stemming from strategic initiatives and management actions

• Collaborate with Finance, Enterprise Risk Management, Investments, Treasury, Pricing, Reserving, and business leaders to convey findings and facilitate enterprise decision-making

• Present insights and recommendations to both technical and non-technical audiences

• Contribute to model advancements, process optimizations, and the growth of Hanover's capital management capabilities

⛳️ Requirements

• Bachelor’s degree in a relevant technical or quantitative discipline

• Over five years of experience in actuarial science, capital modeling, enterprise risk management, predictive analytics, pricing, reserving, or a related analytical field

• ACAS designation or equivalent experience is preferred

• In-depth knowledge of actuarial modeling techniques, enterprise risk management principles, and capital management strategies

• Proficiency in interpreting complex analytical findings and converting them into actionable business recommendations

• Advanced proficiency in Microsoft Office applications, particularly Excel and PowerPoint

• Programming and analytical experience with Python, R, SQL, and other actuarial or data analytics tools

• Proven capability to automate processes, create analytical solutions, and enhance operational efficiency

• Demonstrated ability to juggle multiple priorities and produce high-quality work within set deadlines

• Capacity to influence decision-making and collaborate effectively across various functions and organizational levels

🏝️ Benefits

• Full-time, exempt employment status