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Amica Insurance

Amica Insurance

Actuarial Officer - Hybrid

Actuarial Officer - Hybrid

Job Details
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Uploaded On
June 29, 2023
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Location
Lincoln, United States
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Remote?
No
Company Overview
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Headquarters
Lincoln, RI
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Number of Employees
3500
Estimated Number of Actuaries
30
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
62%
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Overall Score
3.5

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[ Actuarial OfficerActuarial Department
50 Amica Way, Lincoln, RI 02865


Your future is our business.

Our office in Lincoln, RI is seeking an experienced actuary to join our leadership team and work with our dynamic group of analysts. As part of the team, you will lead a group of actuarial analysts that manage state and product rate levels and rating structures for our $2.3B personal lines book. You will join the team in a highly visible leadership role, directing high impact projects aimed at meeting our strategic goals.

In this position, you will also be responsible for leveraging analytical data and guide unique financial related projects, assessing the financial impact of business proposals/regulations, and making recommendations based on the analysis. You will coordinate and implement major long term cross divisional and tactical projects related to rates, rating structure, and product offerings.

In addition, we're looking for you to:

  • Motivate and develop a team of actuarial analysts and utilize advanced actuarial tools to build strategies that support corporate objectives.
  • Direct innovative actuarial process improvements and use data and analytical tools add efficiencies to department functions.
  • Partner with the team of data scientists to drive pricing sophistication the construction of state of the art risk models.
  • Integrate data sources and leverage quantitative analytical tools to solve complex business problems.
  • Collaborate with leadership of the sales, underwriting, claims, IT, and Accounting teams to achieve company growth and profitability goals.
  • Utilize experience and expertise to accelerate production business solutions and drive innovative ideas to achieve department and company goals.

We're also looking to bring your strengths to the team:

  • Ten years of experience in an actuarial capacity.
  • Achievement of Associateship or Fellowship in the CAS preferred.
  • Exceptional knowledge of ratemaking principles and contemporary personal lines actuarial techniques and
  • Excellent business acumen and demonstrated quantitative and problem solving skills.
  • Excellent verbal and written communication skills to both technical and non-technical audiences.
  • Strong programming, data querying experience, and spreadsheet construction preferred.
  • Bachelor's Degree in applied mathematics, statistics or related field preferred.


This posting is for the role of Actuarial Officer, Actuarial Assistant Vice President, or Actuarial Sr. Assistant Vice President. The specific role will reflect the candidate's specific qualifications.

The role is located in our Lincoln, RI office, and will be eligible for up to two work from home days per week.

Perks and Benefits:

  • Paid vacation, holidays and sick days
  • Competitive salaries and exceptional benefits
  • Generous leave programs, including paid parental bonding leave
  • Medical, dental, vision coverage, short- and long-term disability, and life insurance
  • Student Loan Repayment and Tuition Reimbursement programs
  • Fitness and wellness reimbursement
  • Generous retirement benefits
  • Employee community involvement
  • Strong relationships, lifelong friendships
  • 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, 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.

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Working at 

Amica Insurance

Amica Insurance is a renowned insurance company that has been serving customers for over a century. With a strong commitment to exceptional service and customer satisfaction, Amica Insurance offers a wide range of insurance products, including auto, home, and life insurance. As an actuary at Amica Insurance, you'll be part of a dedicated team that plays a critical role in assessing and managing risks. Actuaries at Amica Insurance utilize their expertise in statistical analysis and risk assessment to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. Collaborating with cross-functional teams, actuaries at Amica Insurance provide valuable insights that inform strategic decision-making. Actuaries analyze data, forecast trends, and develop innovative solutions that meet the evolving needs of customers while maintaining the company's financial strength. Amica Insurance values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay abreast of industry advancements, and contribute to the company's success. Join Amica Insurance's esteemed actuarial team and embark on a fulfilling career where you can apply your actuarial expertise, make a meaningful impact on the financial security of customers, and enjoy competitive benefits in a supportive work environment.

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