Investment Analyst in Lincoln, RI at Amica

Date Posted: 2/17/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Lincoln, RI
  • Job Type:
  • Experience:
    At least 1 year(s)
  • Date Posted:
    2/17/2020

Job Description

Investment Analyst
Location: Lincoln, RI

Want to join a company where doing good is what we do?
The feeling is mutual.

Our office in Lincoln, RI is seeking an Investment Analyst to conduct analyses for Amica’s pension portfolios, and assess risk in Amica’s general portfolios, duties include:

  • Run, analyze, and report daily risk and performance of Amica general portfolios via Bloomberg PORT, FactSet MAC Risk system, and internal processes;
  • Forecast portfolios’ risk over short and medium term via ad-hoc extreme event testing;
  • Design and develop Visual Basic for Applications (VBA) programs to automate internal processes – daily performance and risk tracking/ analyzing, daily security pricing, Bloomberg data importing/ exporting, etc.;
  • Implement the Liability Driven Investment (LDI) strategy in Amica’s pension funds to immunize these portfolios;
  • Generate liability projections/ estimations under different assumption schemes via the PFaroe Alpha engine;
  • Monitor and evaluate hedging ratios, key attributions (key rate duration, spread duration, yield, etc.) of Amica’s pension funds via the PFaroe and BondEdge system;
  • Conduct detailed analyses of interest rate and spread impacts on Amica’s pension portfolios under the LDI strategy;
  • Develop, maintain, and improve Amica’s bond optimization process using FrontLine’s solver engine;
  • Recommend and execute trades to re-align key characteristics of the pension portfolios;
  • Conduct research and forecast of macro-economic factors - inflation (PCE/CPI), unemployment rate, etc. - using Bloomberg and R programming.

Requirements: Bachelor’s degree in Quantitative Economics, Econometrics or related field, plus 1 year of experience in quantitative research/analysis and modeling. Experience, which may be gained concurrently, must include:

  • 1 year in risk modeling utilizing factor model, Monte Carlos simulation, and historical simulation methods;
  • 1 year building economic forecast models for macro-factors (inflation, unemployment, etc.);
  • 1 year of experience with VBA; R or Python (Pandas + StatsModels), and in using Excel Pivot table and Frontline Solver for financial analysis;
  • 1 year of experience with Bloomberg PORT, FactSet MAC, and BondEdge modeling tools;
  • 6 months in pension modeling (liability projection, etc.) and liability driven investment strategy for portfolio immunization;
  • 6 months of experience evaluating daily performance, risk, and hedging ratios of pension plans.

** This position is eligible for Employee Referral Program award bonus.

Job site: 100 Amica Way, Lincoln, RI 02865.

37.5 hour work week 9:00 am – 5:00 pm. 

Perks and Benefits

  • Paid vacation, holidays and sick days
  • Generous leave programs, including paid parental bonding leave
  • Medical, dental, vision coverage, short- and long-term disability, and life insurance
  • Generous retirement benefits
  • Opportunities for advancement in a successful and growing company

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 who are authorized to work in the United States will receive consideration for employment without regard to race, religion, sex, color, national origin, ethnicity, age, genetic information, disability or sexual orientation. 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.



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