The Hanover Insurance Group – Worcester, MA
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 Finance team is currently seeking a Sr Financial Analyst in our Worcester, MA location in a hybrid work arrangement.
This is a full time, exempt role.
POSITION OVERVIEW:
The Sr. Financial Analyst will be responsible for ultimate loss projections for property catastrophe events.
IN THIS ROLE, YOU WILL:
- Work with Claims CAT AVP, Claims team, and actuarial partners to develop accurate projections for each new CAT; review regularly and update as needed to ensure adequate reserves and accurate financials.
- Prepare monthly and quarterly review materials and presentations for Claims leadership and senior management.
- Work with accounting contacts, book CAT IBNR to the general ledger and segment; load segmented losses to Hyperion.
- Work with CAT team and Auto admin to identify un-coded CAT claims on a regular basis.
- Provide Property Subro with claim reports as needed for potential subro opportunities; coordinate with Hanover Programs for TPA claims as needed. Work with claims team/accounting to get subro recoveries into CMX.
- Support Property claims leaders with data requests as needed.
WHAT YOU NEED TO APPLY:
- Bachelor's degree or higher in a relevant technical field (math, finance, actuarial science, or analytics preferred).
- 4-6+ years of related analytical and property & casualty industry experience preferred (e.g. actuarial, business analytics, or finance).
- Expert knowledge of Excel and intermediate knowledge of SQL; ability to efficiently work with large and complex data sets.
- Comfortable turning raw data into meaningful information; ability to summarize financial data into oral and written communications (including the use of PowerPoint) for senior management.
- Comprehends key industry financial/operational metrics.
- Strong organization, project, and time management skills; detail-oriented and able to multi-task and meet all deadlines with quality product.
- Problem-solving and innovation mindset.
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)
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.
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