Associate Actuary, Capital Modeling

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, Sustainability initiatives and inclusive corporate culture. Our Corporate Actuarial department is seeking an Associate Actuary to join the Economic Capital Modeling team our Worcester, MA Corporate Headquarters or remote. POSITION SUMMARY: This role supports the development, maintenance, and application of Hanover's Economic Capital Model (ECM) and related capital management tools. The ECM serves as a key decision-support framework for evaluating enterprise risk, capital requirements, risk-adjusted performance, reinsurance strategies, and strategic business opportunities. Responsibilities include capital modeling, model validation, capital allocation analysis, profitability assessments, and evaluation of the impact of business and reinsurance strategies on enterprise risk and return. This role partners with a variety of departments, including corporate finance, Reinsurance and Enterprise Risk Management. Strong analytical and communication skills are essential, as findings and recommendations will be presented to both technical and non-technical stakeholders. The position also contributes to ongoing model enhancements, process improvements, and the continued evolution of Hanover's capital management capabilities. This is a Full-time, Exempt role. IN THIS ROLE, YOU WILL: Support the maintenance, governance, and ongoing enhancement of Hanover's Economic Capital Model (ECM). Analyze model assumptions, methodologies, and outputs, contributing recommendations that improve the ECM's effectiveness, accuracy, and business value. Perform enterprise risk quantification, stochastic modeling, and capital adequacy analyses across underwriting, reserving, catastrophe, market, credit, and operational risks. Conduct stress testing and scenario analyses to assess the impact of emerging