10 Amica Way, Lincoln, RI 02865
Your future is our business.
Our office in Lincoln, RI is seeking a Life Officer/Assistant Vice President. This position is responsible for leading the annuity business, serving as Illustration Actuary, developing and pricing life insurance products, and leading all conversion initiatives to FAST.
The role is located in our Lincoln, RI office, and will be eligible for up to two work from home days per week.
Job Responsibilities
- Leading all annuity initiatives including product development and inforce management
- Responsible for developing interest credited rate and ALM strategies in concert with Investments
- Serving as the Illustration Actuary for all lines up business
- Responsible for setting and monitoring sales compensation
- Ensures compliance with NY regulation 4228 (compensation, self-support testing, etc)
- Leading life insurance product development and pricing as needed
- Lead the product development process from beginning to end, engaging various departments within the company to meet deadlines in a timely manner
- Proactively engage with the development team to improve process efficiency and ensure testing accuracy
- Responsible for converting all policies to the FAST administration platform
- Management of 1-3 direct reports
- Leading special projects as needed
Position Requirements
- MAAA designation required, FSA preferred, but will consider experienced ASA if right candidate
- 10+ Years of life insurance experience
- Experience with life product development, particularly fixed annuity products, and preferably with term and whole life
- Experience with interest credited rate strategies for fixed annuities
- Strong analytical, quantitative and problem solving skills, with the ability to be an innovative thinker and understand the "big picture"
- Solid interpersonal, communication, and team-building skills
- self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment
- Excellent working knowledge of Excel
- Familiar with pricing / modeling software such as Prophet or MG-ALFA
- Experience working with pricing and modeling software and model governance
Perks and Benefits
- Paid vacation, holidays and sick day
- 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.