Hanover Insurance Group
Actuarial Internship
Description:
What do actuaries do?
• Actuaries turn Risk into Opportunity
– Risk = the financial consequences associated with a future, uncertain event
– Actuaries are the leading professionals in finding ways to manage risk while achieving an appropriate return
• Actuaries provide a financial evaluation of risk for their companies to be used for strategic management
• Specific functions of an actuary include, but are not limited to:
– Pricing of insurance products and loss reserving
– Product development
– Portfolio analysis and Multivariate analysis (including Generalized Linear Modeling)
– Planning and forecasting
– Competitive intelligence
– Catastrophe modeling
What does Hanover's program offer you?
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". In support of this, The Hanover offers a very competitive exam program, including:
– Company paid study time, up to 130 hours per exam
– Reimbursement of exam fees
– Cost of study materials
– Cost of approved exam seminars
– Salary increases and bonuses for successful exam completion
In addition, our actuarial program provides:
• Structured training programs, including both business and technical skills
• Promotional opportunities with salary increases, including management opportunities
• A rotational program to enhance breadth of experience across business units and functions
We are sincere about developing the future leaders of our company. We believe individuals who succeed in the Actuarial Program at The Hanover will possess the knowledge and skills that will enable them to take on leadership roles within the company.
FYI - The President & CEO of Hanover is Mr. Fred Eppinger, a graduate of Holy Cross from the class of 1981
Location: Worcester, MA
Qualifications: Class of 2009 or 2010. Minimum cumulative GPA of 2.80
To be a successful actuary, an individual must possess:
• Strong analytical and decision-making skills
• Business acumen and excellent communication skills
• Undergraduate degree in math, business, finance, economics or related field preferred
• Successful completion of one or more actuarial exams
• Superior computer skills (e.g., Excel, Access, SAS)
To apply: submit a resume and cover letter via Crusader Connections Contact information is available in Crusader Connections
Deadline: Thursday, November 1, 2007 at 11:59 pm EDT
For more information, please visit Http://www.hanover.com