Managing Life ActuaryLife Product Risk and Data
10 Amica Way, Lincoln, RI 02865

Our office in Lincoln, RI is seeking Assistant Vice President, Life Actuary. This position oversees all activities related to reserving and financial reporting for Amica Life's product lines. It includes assessing statutory reserve levels, managing Asset Liability, and serving as the Appointed Actuary.

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

• Provide counsel on the overall financial strength of the company and makes recommendations where necessary to address any identified areas of concern.
• Responsible for the valuation of liabilities and calculation of reserves, including review of all financial reports.
• Lead the company's efforts in testing reserve adequacy, asset/liability matching, surplus evaluation, projections of operating gain, cash flow analysis, other financial analysis and reporting for financial statements and forecasts.
• Provide assumptions and data to financial accounting and tax units for projecting future results on product lines, and recommends actions as necessary to improve financial strength.
• Monitor and analyzes developments in actuarial techniques, laws and regulations applicable to company operations.
• Coordinate, prepare, and perform actuarial analyses to be used in actuarial recommendations and reporting.
• Maintain documentation of actuarial analysis and assists in preparing the actuarial portion of state filings and responses to regulators.
• Responsible for modeling systems and validation of results.
• Responsibility to be aware of and in compliance with the corporate standards, policies, procedures and best practices relative to the hardware, software and systems employed within the department, which are not created or controlled by Amica's IT department.

Position Requirements

• FSA with 15+ years of actuarial experience, with particular experience in product valuation (term, whole life, annuities) and asset liability management
• Bachelors or higher degree in mathematics, actuarial science, business or science.
• Must be able to use quantitative methods to evaluate opportunities and be articulate and persuasive in forming consensus and recommendations. Must be able to communicate technical results to non-technical audiences.
• Must be able to assimilate the requirements imposed both internally (by senior management) and externally (through regulators and professional standards boards) into our daily operations and reporting mechanisms
• Demonstrated ability to lead and motivate staff and cross-functional teams to achieve results
• Must make clear and concise recommendations to management in order to communicate the benefits and costs of initiatives.
• Understanding of Statutory Reserving requirements and ability to keep current with industry standards and best practices

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.

hp

#LI-Hybrid