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Actuary, Risk Management - Risk Analytics (Hybrid)

Company: Protective Life Insurance Company
Location: Birmingham
Posted on: January 26, 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 Enterprise Risk Management (ERM) team is responsible for management, monitoring, reporting and oversight of risk on an enterprise level. This position will be responsible for supporting research and development of leading-edge quantitative risk models and practices. In this role you will work collaboratively with different functional areas of the organization touching on all aspects of investment, market, and capital risk.The position will require the right mix of technical and communication skills alongside significant interaction and partnership expected with key areas such as inforce projections, valuation, pricing, ALM, investment and finance.Responsibilities:

  • Expand and enhance processes and models for the efficient measurement and monitoring of investment, market, and capital risk
  • Research, build, and implement advanced analytical techniques to examine and derive risk insights, metrics, and attribution
  • Expand understanding of the company's financials under different accounting and capital regimes, product mixes, and investment strategiesMinimum Qualifications:
    • Undergraduate degree in a technical / quantitative discipline such as engineering, math, actuarial science, or a related business field such as finance
    • Knowledge of actuarial modeling and financial engineering techniques in terms of assets, insurance products and investment strategy
    • Knowledge of Statutory and U.S. GAAP accounting regimes / differences
    • 5+ years relevant work experience in life or annuity modeling
    • Proficiency in an actuarial software such as PolySystems, AXIS, MG-ALFA, etc.
    • Proficiency in scripting languages such as R, Python, Visual Basic
    • Exposure to dashboard and Business Intelligence tools such as Tableau, Crystal Reports, PowerBI
    • Able to work independently, with guidance in only the most complex situations
    • Interprets internal/external business challenges and recommends best practices to improve processes or deliverables
    • Uses sophisticated analytical thought to exercise judgement and identify innovative solutions
    • Can adjust work priorities and deadlines in response to rapidly changing business prioritiesPreferred Qualifications:
      • Experience with model compression and efficiency techniques such as clustering and proxy modeling
      • Exposure to third party economic scenario generators - Knowledge of their use cases in real world and market consistent contexts
      • Exposure to Insurance Capital Standards (ICS)Protective's targeted salary range for this position is $115,000 to $170,000. 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).
        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 , Actuary, Risk Management - Risk Analytics (Hybrid), Executive , Birmingham, Alabama

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