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Associate Actuary P&C (Remote)

Company: Protective Life Insurance Company
Location: Birmingham
Posted on: January 25, 2023

Job Description:

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.
The Associate Actuary will assist the VP and Directors in managing the profitability of selected programs, working independently on most assignments.
KEY RESPONSIBILITIES:* Perform rate level analyses for selected programs, including extraction and manipulation of data and preparation of exhibits. Develop and communicate specific rate recommendations based on indications and other relevant factors. Evaluate various rate options, and price program enhancements.* Complete regulatory rate filings and other materials including rate transmittal forms and related exhibits, Rates and Rules manuals and rate charts. Prepare responses to DOI inquiries/ disapprovals pertaining to rate filings.* Participate in dealer management process for selected programs, including development of recommendations for remedial action.* Participate in periodic GAAP and Statutory reserve analyses including data summarization and input, factor selection and exhibit preparation.* Periodically prepare underwriting results presentations for senior management.* Manage, mentor, train and develop assigned support staff as assigned.

COMMUNICATIONS:Contact with others is extensive. Internal contacts include personnel at all levels in the Division's Sales, Marketing, Compliance/Regulatory Administration, Product Development, and Finance and Operations departments. External contacts may include clients, third-party administrators or regulators.
Role does not require supervision experience but could include supervision of an actuarial intern.Professional Specifications and Requirements:

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or other related field
  • Actuarial experience in the insurance industry
  • ACAS/FCAS designation
  • Proficiency in Excel and SQL or similar systems
  • Excellent written and oral communication skills
  • Strong quantitative analytical skills
  • Effective organization skills
  • Negotiation skills
  • Strong work ethic and drive
  • Ability to interact professionally and effectively in a team environmentProtective's targeted salary range for this position is $87,000 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 performance] OR [through cash compensation as part of a sales incentive plan (SIP).
    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 communities.
    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 P&C (Remote), Accounting, Auditing , Birmingham, Alabama

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