Demo

Small CL State Management Analyst

The Hanover Insurance Group
Worcester, MA Full Time
POSTED ON 4/3/2025
AVAILABLE BEFORE 6/3/2025
Our Small Commercial department is currently seeking a State Management Analyst.   This position is eligible for a hybrid work arrangement in our Worcester, MA location. A fully remote work arrangement can be considered for candidates with strong qualification.   This is a full time, exempt role.   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. IN THIS ROLE, YOU WILL: 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.   WHAT YOU NEED TO APPLY: Typically has 2 to 5 years related experience and Bachelor's Degree or equivalent. Knows and applies a broad knowledge of principles, practices, and procedures of particular field of specialization to the completion of moderately difficult assignments Experience with data compilation, analysis & interpretation, data integrity, planning & forecasting, reporting, project management and interpersonal effectiveness Industry & business knowledge managing complex business activities

Salary : $2

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

What is the career path for a Small CL State Management Analyst?

Sign up to receive alerts about other jobs on the Small CL State Management Analyst career path by checking the boxes next to the positions that interest you.
Income Estimation: 
$63,474 - $77,545
Income Estimation: 
$75,004 - $94,003
Income Estimation: 
$75,004 - $94,003
Income Estimation: 
$95,426 - $117,847
Income Estimation: 
$95,426 - $117,847
Income Estimation: 
$115,392 - $147,123
Income Estimation: 
$134,789 - $172,032
Income Estimation: 
$173,091 - $215,978
View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

Job openings at The Hanover Insurance Group

The Hanover Insurance Group
Hired Organization Address Richmond, VA Full Time
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters th...
The Hanover Insurance Group
Hired Organization Address NJ Full Time
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters th...
The Hanover Insurance Group
Hired Organization Address London, CT Full Time
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters th...
The Hanover Insurance Group
Hired Organization Address Howell, MI Full Time
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters th...

Not the job you're looking for? Here are some other Small CL State Management Analyst jobs in the Worcester, MA area that may be a better fit.

Director, State Management Operations

MAPFRE Insurance, Webster, MA

AI Assistant is available now!

Feel free to start your new journey!