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Actuarial Analyst

This job posting is no longer active.

Location: Lincoln, RI, United States
Date Posted: Jan 21, 2025

Description

Actuarial Analyst
Actuarial Department
50 Amica Way, Lincoln, RI 02865

Thank you for considering Amica as part of your career journey, where your future is our business.

At Amica, we strive to build a culture of belonging where employees are encouraged to share their unique experience to enrich our workplace, strengthen our company’s mission and broaden our vision of what’s possible. We’re focused on creating a workplace that works for all. We’ll continue to provide training, guidance, and resources to make Amica a true place of belonging for all employees. Want to learn more about our commitment to diversity, equity, and inclusion? Visit our DEI page to read about it!

As a mutual company, our people are our priority. We seek differences of opinion, life experience and perspective to represent the diversity of our policyholders and achieve the best possible outcomes. Our office located in Lincoln, RI is seeking an Actuarial Analyst to join the team!

Job Overview:

As part of our team, you’ll analyze state rate levels and rating structures and make recommendations based on the analysis. State case load will include monitoring rate levels of smaller states with minimal supervision.

Responsibilities:

With minimal supervision, prepare basic data reports to develop clear and comprehensive written proposal for revisions in assigned states that accomplish short and long term growth and profitability goals.
Monitor marketplace and legislative issues in assigned states and, with minimal guidance, assess impact of new regulations that affect the business.
With minimal supervision, respond clearly and thoroughly to inquiries from members of other departments.
With minimal supervision, provide guidance and statistical support to Regulatory Filing section on Insurance Department rate filings.
With minimal supervision, coordinate and implement short term to medium term projects related to rates, rating structure, and internal actuarial processes.
With minimal supervision, assign and provide adequate instruction to other members of the actuarial/pricing unit, and be responsible for completion of any miscellaneous assigned projects.

The 37.5-hour work week is scheduled from Monday through Friday, between the core hours of 8:00 AM and 5:00 PM

A hybrid schedule will be available once trained to work independently, with three days reporting to our Lincoln, RI office and two days working from home. We welcome individuals with higher levels of experience and education. Compensation will be thoughtfully evaluated to reflect your valuable expertise.

This role does not currently offer employment visa sponsorship or relocation assistance.

Total Rewards:

Medical, dental, vision coverage, short- and long-term disability, and life insurance
Paid Vacation – you will receive at least 13 vacation days in the first 12 months, amounts could be greater depending on the role. While able to use prior to accrual, vacation time will accrue monthly
Holidays - 14 paid holidays observed
Sick time - 6 days sick time at hire, 6 additional days sick time at 90 days of employment
Generous 401k with company match and immediate vesting. Additionally, annual 3% non-elective employer contribution
Annual Success Sharing Plan - Paid to eligible employees if company meets or exceeds combined ratio, growth and/or service goals
Generous leave programs, including paid parental bonding leave
Student Loan Repayment and Tuition Reimbursement programs
Generous fitness and wellness reimbursement
Employee community involvement
Strong relationships, lifelong friendships
Opportunities for advancement in a successful and growing company

Qualifications:

Bachelors degree in mathematics or related field.
Completion of at least one actuarial examination with the commitment to attain Associateship designation in the Casualty Actuarial Society.
Basic knowledge of ratemaking principles, including underlying theory.
Basic knowledge of data sources, data retrieval processes, spreadsheet construction, database construction, and other relevant personal computer applications.
Basic knowledge of company specific rate review processes and rating calculations for all lines of business.
Basic knowledge of company underwriting, accounting, data processing, and claims systems.

Amica conducts background checks which includes a review of criminal, educational, employment and social media histories, and if the role involves use of a company vehicle, a motor vehicle or driving history report. The background check will not be initiated until after a conditional offer of employment is made and the candidate accepts the offer. Qualified applicants with arrest or conviction records will be considered for employment.

The safety and security of our employees and our customers is a top priority. Employees may have access to employees’ and customers’ personal and financial information in order to perform their job duties. Candidates with a criminal history that imposes a direct or indirect threat to our employees’ or customers’ physical, mental or financial well-being may result in the withdrawal of the conditional offer of employment.

About Amica:

Amica Mutual Insurance Company is America’s oldest mutual insurer of automobiles. A direct national writer, Amica also offers home, marine and umbrella insurance. Amica Life Insurance Company, a wholly owned subsidiary, provides life insurance and retirement solutions. Amica was founded on the principles of creating peace of mind and building enduring relationships for and with our exceptionally loyal policyholders, a mission that thousands of employees in offices nationwide share and support.

Equal Opportunity Policy: All qualified applicants authorized to work in the United States will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity, gender expression, sexual orientation, family status, ethnicity, age, national origin, ancestry, physical and/or mental disability, mental condition, military status, genetic information or any other class protected by law. The Age Discrimination in Employment Act prohibits discrimination on the basis of age with respect to individuals who are 40 years of age or older. Employees are subject to the provisions of the Workers' Compensation Act.