PL State Management Analyst

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 Personal Lines department is currently seeking a State Management Analyst for our Mid-Atlantic team. This position is eligible for a hybrid or a fully remote work arrangement.
This is a full time, exempt role.
The actual job title and level may be flexible dependent on candidate qualifications and experience (Senior State Analyst)

POSITION OVERVIEW:
The position provides data analysis, problem-solving, and project leadership to support a team of State Managers and help them reach their strategic goals in a region, with limited oversight, responsible for gathering, compiling, maintaining and reporting financial data, Participates in project work as requested, Prepares standard reporting and adhoc reporting as requested.

RESPONSIBILITIES/ESSENTIAL FUNCTIONS:

• Performs analysis and provides recommendations to State Management.
• Provide rate revision support, including attending meetings, completing checklists, resolving issues, completing analyses, reviewing filing.
• Review competitor filings and collect input from the field about competitor changes. Consolidate for entry in monthly report.
• Review monthly Profit & Loss statements and other monthly reports, working with State Managers, to identify root causes for variances and emerging trends (e.g. loss ratio was 10 points higher than expected due to 5 large losses that added $2 M to our incurred loss total amount for the month).
• Monitor and report on progress toward financial goals (Growth, CR, LR, Retention). Update rolling 18-month forecast on a regular basis.
• Identify trends and changes needed to ensure profitable growth.
• Work with State Managers to implement state-specific strategies to meet or exceed profit and growth targets.
• Monitor financial results, quoting activity, and conversion rate.
• Update 18-month forecast on a monthly basis and share with Finance, Underwriting, and Distribution.
• Communicates results effectively and in a professional manner.
• Understand how source data impacts reporting and analysis
• Coordinate and facilitate communication across functions.
• Complete ad hoc requests for the State Managers in a timely fashion.
• Effectively manage time and multiple priorities.

REQUIRED SKILLS/KEY COMPETENCIES AND EXPERIENCE:

• Typically has 2 to 5 years related experience and Bachelor's Degree or equivalent.
• Knows and applies broad knowledge of principles, practices, and procedures of particular field of specialization to the completion of moderately difficult assignments
• Data Compilation
• Analysis & Interpretation
• Data Integrity
• Planning & Forecasting
• Reporting
• Organizational, Industry & Business Knowledge
• Managing Complex Business Activities
• Project Management
• Interpersonal Effectiveness

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.

Compensation:
The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

Salary : $85,000 - $110,000