Job description

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 Enterprise Risk Management department is seeking a Principal Underwriting Risk Analyst to join their team.

This is a full time, exempt role

Position Overview/Objective:
Support CRO in delivering and enhancing the firm’s Enterprise Risk Management practices. Partners with business leaders to provide continuous risk assessment, monitoring and communication with emphasis on specialized risk discipline (Underwriting; Catastrophe). Conceptualizes, designs, and implements risk assessment frameworks across multiple domains, articulates and quantifies risk scenarios, and evaluates risk mitigation actions. Provides thought leadership in catastrophe risk modelling including aggregation management, climate change scenario testing, growth and underwriting strategy and related disclosures. Influences frameworks used to assess our own view of catastrophe risk and evaluates the appropriateness of external models to support the same. Drives risk culture through the organization providing appropriate risk communication including escalation to senior management and the Board of Directors. Pursues continuing education in enterprise risk management or related fields.

Responsibilities/Essential Functions:

• Owns and is accountable for risk assessment; monitoring and reporting for specialized risk discipline (Underwriting; Catastrophe)
• Designs and proposes risk benchmarks; risk appetites; risk tolerance statements; stress and scenario tests and socializes with appropriate business leaders
• Demonstrates thought leadership and partnership around climate change; understanding, measuring, and evaluating strategy relative to climate change
• Influences framework to assess internal view of catastrophe risk and evaluates the appropriateness of external models to support the same
• Develops and executes catastrophe risk management tools including deterministic and stochastic models to assess risk aggregations to inform pricing, planning, scenario analysis and strategy
• Liaises with business partners on specifying operational and emerging risk scenarios and executes quantification of risk scenarios
• Proactively identifies and communicates current and emerging risks
• Understands corporate strategic direction and general knowledge of corporate/business unit interdependencies
• Influences and negotiates the appropriate actions to mitigate / prevent failures associated with identified risks
• Promotes risk culture and provides training, mentorship, input and guidance to business partners and senior leadership on risk analysis results and recommends course of action
• Builds tools and produces technical analysis to influence risk strategy across the organization
• May participate on various risk committees or working groups (Enterprise Risk Management Group, Aggregation Working Group)
• Drives communication and decision-making process with respect to risk escalation to senior leadership and the Board of Directors
• Demonstrates intellectual curiosity and active learning, continuous monitoring of industry news and publications, attendance at industry conferences or meetings and pursuit of appropriate risk management certifications
• Ensures assigned risk processes follow industry best practices and satisfies customer needs
• May lead or participate in recruiting and/or training activities

Skills and Experience:

• Bachelor’s Degree or higher in a relevant technical field
• 10+ years of experience with at least six in the Insurance Industry, preferably having broad exposure to company operations and at least three years of financial modelling or catastrophe risk management relevant experience.
• Actuarial credentials or experience desirable
• Demonstrated leadership skills & capabilities
• Exemplary financial acumen and Insurance industry knowledge
• Developing executive presence with excellent influencing and decision-making ability
• Adept at interpreting data; establishing quantitative approaches to solve business problems and articulating conclusions in a non-technical fashion
• Advanced scripting, programming, and financial modelling skills (ex. SQL, R, MetaRisk, etc.)
• A systems-based mindset for project implementation. Conceptualizing a project as the development of a system to be scaled up and out rather than a one-off project to provide a single answer.
• Able to advise and train team members and influence without authority
• Able to apply and interpret company policies and procedures

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: HRServices@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.

johnandkristie.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, johnandkristie.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, johnandkristie.com is the ideal place to find your next job.