College Development Program for Future Leaders
Actuarial Program
Creating challenging and rewarding careers for future business leaders
What do actuaries do?
Actuaries are expert analysts who find ways to manage risks and turn them into opportunities, and their financial evaluations support sound strategic decisions. Actuaries price insurance products, develop products, analyze portfolios and gather competitive intelligence. Additional functions include, but are not limited to:
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What does The Hanover’s Actuarial Program offer you?
An important part of an actuarial student’s job is to study for and pass exams in pursuit of the professional designation, Fellow of the Casualty Actuarial Society. The Hanover supports this work with a very competitive exam program, including:
- Company-paid study time, up to 130 hours per exam
- Reimbursement of exam fees
- Cost of study materials and approved exam seminars
- Salary increases and bonuses for successful exam completion
In addition, our program provides:
- Structured training, including both business and technical skills
- Promotional opportunities with salary increases, including management opportunities
- A rotational program to enhance breadth of experience
What sets The Hanover’s program apart?
We are committed to developing actuaries who are also business people. In fact, the strength of our program is in its alignment with the business units that it supports. Our actuaries work side-by-side with underwriters, product managers and others, and are valued as true business partners.
The entrepreneurial spirit of the organization encourages actuaries to pursue opportunities outside of their traditional functions, and this program will give you the skills and experience that are necessary to excel in a broad spectrum of roles. In addition to on-the-job exposure to the business, our training program emphasizes the importance of business skills and operational knowledge in becoming a successful actuary and business person.
In this program, you will be well prepared for a challenging and rewarding career at The Hanover. You will acquire and build upon the technical, business and leadership skills that will position you as a potential future leader of a vibrant, nimble and growing company that is dedicated to becoming a world class regional property and casualty insurance company.
Who are we looking for?
To be a successful actuary, an individual must possess:
- Strong analytical and decision-making skills
- Intellectual curiosity
- Business acumen
- A commitment to professional development
- A high degree of self-motivation
- Creativity
- Excellent communication skills
Candidates also must be energetic and motivated team players who can drive change and become our future leaders.
Are there other requirements?
- An undergraduate degree in math, business, finance, economics or related field is preferred
- Successful completion of one or more actuarial exams
- Superior computer skills (e.g., Excel, Access, SAS)
What else do we expect?
We have very high expectations of our participants and anticipate their dedication to the program, to their career development and to our company.
We are sincere about developing future leaders and believe individuals who succeed in our Actuarial Program will possess the experience, knowledge and skills that will enable them to enjoy successful and rewarding careers at The Hanover.
