Associate Actuary (Remote)
Company: Protective Life Insurance Company
Posted on: January 25, 2023
The work we do has an impact on millions of lives, and you can
be a part of it.We help protect our customers against life's
uncertainties. Regardless of where you work within the company,
you'll be helping provide protection and peace of mind when our
customers need it most.
We are seeking ASA and FSA level Actuary candidates for open
valuation position on the UL Valuation Team. The person selected
for this role will help drive the overall success of the valuation
team and the company's critical financial reporting obligations.
This highly visible role will interact with other departments and
individuals within the organization and play a key role interacting
with Finance by analyzing key drivers of earnings. This position is
responsible for performing Statutory, GAAP and Tax valuation of
universal life using the Polysystems software. These financial
reporting responsibilities take up about 3 weeks each quarter. The
remainder of their time will be playing an essential role in
maintaining our valuation and business plan models, often directing
and validating model updates/changes. There is potential for
management opportunities depending on level of experience and
previous management background.
- Performing quarterly valuations and earning variance
- Providing guidance and review for calculation of Stat, Tax, and
- Preparing and reviewing SOX controls.
- Maintain and improve the valuation and business plan
- Design, implement, and analyze impacts of model updates and
- Improving processes related to valuation
- Coordinate with Pricing for reconciliation and implementation
of new products
- Develop new reporting / analysis tools as necessary
- Work closely with other Valuation and Financial reporting
- Other job duties as assigned, including ad hoc management
- Interact with other departments and individuals within the
- Bachelor's degree
- Ideal candidate will be a career ASA or FSA level actuary or
near FSA waiting for results for last exam or writing their last
- Experience as an actuary within the insurance industry
- Previous valuation experience preferred
- Previous staff management experience a plus
- Excellent spreadsheet and technical skills
- Ability to learn new software
- Hard working
- Analytical and inquisitive
- Ability to work independently or on a team
- Excellent communication skills
- Universal Life Insurance experience is preferred
- Experience using Polysystems software is strongly
preferredProtective's targeted salary range for this position is
$100,000 to $130,000. Actual salaries may vary depending on
factors, including but not limited to, job location, skills, and
experience. The range listed is just one component of Protective's
total compensation package for employees.
This position also offers additional incentive opportunities
through an annual incentive based on individual and Company
For actuarial positions within the Actuarial Program, we aim to
develop employees both through completion of actuarial examination
and through practical experience. We support employees through the
completion of the actuarial examination and credentialing process
via competitive paid study time and full coverage of exam expenses
(SOA exam fees and exam preparation material). We also provide
well-rounded experience via rotations across job functions and
product lines. Eligibility for certain aspects of the Actuarial
Program vary by position and are dependent upon the employee
staying within good standing with the Actuarial Program.
Employee Benefits: We aim to protect our employees' wellbeing
through a broad benefits offering. For example, we protect physical
wellbeing through health, dental and vision insurance. We protect
mental wellbeing through mental health benefits and an employee
assistance program. We protect time away from work with a variety
of paid time away benefits (e.g., paid time off, paid parental
leave, short-term disability, and a cultural observance day). We
protect financial wellbeing through contributions to healthcare
accounts, a pension plan, and a 401(k) plan with Company matching.
All employees are encouraged to protect their overall wellbeing by
engaging in ProHealth Rewards, Protective's platform to improve
wellbeing while earning cash rewards. Eligibility for certain
benefits may vary by position in accordance with the terms of the
Company's benefit plans.
Diversity and Inclusion: At Protective, we are committed to
providing an inclusive culture where all employees are able to
fully contribute and thrive. Our goal is to grow and develop our
people, attract diverse talent and support strong, diverse
We support diversity, equity, and inclusion by working to develop a
culture of inclusion and belonging led by leaders who develop
potential and embrace unique skills and abilities. Our aim is to
create an equitable and accountable environment for all leaders and
employees that will drive performance and impact business strategy.
In this way, we can increase overall diversity for leadership roles
and pipelines of talent by maturing our hiring practices, robust
development opportunities and focus on retention of key talent.
We are proud to be an equal opportunity employer committed to being
inclusive and attracting, retaining, and growing the talents of a
diverse and inclusive workforce.
Keywords: Protective Life Insurance Company, Birmingham , Associate Actuary (Remote), Accounting, Auditing , Birmingham, Alabama
Didn't find what you're looking for? Search again!