The Hanover Insurance Group

Compensation

Full Description

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. The Hanover is seeking a highly analytical, collaborative, and proactive Middle Market Strategy Analyst to support strategic initiatives that advance the financial and operational objectives of the business unit. This position plays a pivotal role in enhancing efficiency and driving the execution of key strategic priorities. At The Hanover, we’re reimagining how work gets done. We understand that flexibility is essential, which is why this role offers a Hybrid/Flex or 100% Remote work arrangement. This approach gives you the balance you need to succeed while delivering your best work. Our commitment to inclusion is at the heart of everything we do. By fostering a culture of collaboration, accountability, respect, and empowerment, we strive to create a workplace where every individual can thrive and contribute meaningfully. If you’re seeking a career that encourages teamwork, improves efficiencies, supports your growth, and provides the flexibility to balance life and work, we invite you to explore opportunities with us. Your ideas matter here, your growth matters here, and your voice will help shape the future of our organization. We believe that diverse perspectives make us stronger, and we encourage all qualified candidates to apply. This is a full time, exempt role. Position Overview: The Analyst, Middle Market Strategy supports the execution of strategic initiatives that contribute to the financial and operational goals of the business unit. The role focuses on assisting strategy leadership and team members by gathering data, organizing information, and preparing basic analyses that inform decision-making. The Analyst works collaboratively with internal Middle Market teams and cross-functional partners to support projects, develop foundational business knowledge, and contribute to reporting and research efforts. This is a learning-focused role requiring attention to detail, a collaborative mindset, and a strong desire to grow analytical and communication skills. In This Role, You Will: Support Strategic Planning Efforts: Assist the Middle Market Strategy team in executing strategic initiatives by gathering data, organizing information, and helping prepare materials that align with business objectives. Collaborate with team members to learn how strategic plans are developed and implemented. Support business initiatives led by directors and AVPs. Contribute to Financial Analysis: Help compile and review financial data to support monthly reporting on business performance. Apply basic corporate finance knowledge and learn foundational financial analysis techniques such as trend identification and variance tracking, with guidance from senior analysts. Assist with Industry Research: Provide support to the industry strategy team by collecting and organizing data across general and specialized segments. Conduct preliminary trend analysis and help prepare summaries that contribute to broader strategic discussions. Begin developing knowledge of business functions outside of core commercial areas. Support Market Insights Development: Participate in research on geographic market dynamics by gathering relevant data and assisting in the creation of reports that highlight regional opportunities and challenges. Work closely with team members to understand how market insights inform business decisions. Build Analytical Foundations: Begin developing knowledge of actuarial and data science concepts relevant to the business, including exposure to insurance rate-making processes. Learn how pricing models impact business strategy and financial performance. Show aptitude for learning data modeling and analytical approaches. Develop Data Skills: Use basic data tools such as Excel and SQL to accurately create reports and summaries. Demonstrate attention to detail and a willingness to learn more advanced data techniques over time. Help Track Strategic Initiatives: Assist in tracking progress on key strategic initiatives by maintaining documentation, updating status reports, and coordinating with team members to support timely execution. Develop Communication Skills: Demonstrate strong written communication skills and begin developing presentation capabilities. Support the preparation of presentations and reports for Middle Market leadership, with coaching from senior team members. What You Need To Apply: Bachelor’s degree or equivalent experience 2+ years of professional work experience in insurance, strategy, or data analytics underwriting Middle Market accounts. Basic analytical skills with working knowledge of Microsoft Excel for organizing data and performing simple analysis; demonstrates interest in learning advanced functions over time. Introductory exposure to SQL or similar data tools; shows curiosity and willingness to build query-writing skills. Strong written communication skills; developing ability to create clear, structured presentations using PowerPoint. Basic understanding of corporate finance concepts; limited exposure to the commercial insurance industry, with a willingness to learn about Middle Market dynamics. Good organizational habits with the ability to manage multiple tasks under guidance and meet deadlines reliably. Team-oriented mindset with a collaborative approach to working with peers and building relationships across functions. Growth-oriented attitude; eager to learn, open to feedback, and motivated to contribute to team success while developing new skills. 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.