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 candidate will be responsible for inforce projections related to Protective's Fixed Annuity business, including the projection of income and capital for various business and regulatory purposes. This role will provide leadership and oversight to resources that develop and run projections for SPDA's, Fixed Indexed Annuities, Payout Annuities, Stable Value Products, and Immediate Benefit Accounts. The Actuary reports to the VP Lead Projection Actuary and will have heavy interaction with the Fixed Annuity Valuation teams. Also, the position will have frequent interaction with Accounting, Finance, Risk, and Corporate Modeling areas.

Responsibilities:

• Managing inforce projections supporting all regulatory and business requirements for some or all of the following purposes: business plan, cash flow testing and RBC, embedded value, insurance capital standards, Bermuda reserve and capital
• Ensuring accuracy and completeness of all projections by establishing adequate controls, defining analysis and review metrics, and ensuring documentation is accurate and complete
• Developing and maintaining advanced analytics supporting the review of the projections, which may include: analysis of period over period projection results at a company and product level, explaining, documenting, and communicating changes; dynamic validations of projection models at a company and product level; support other areas of the company when questions arise about actual experience, reinsurance notices, possible acquisitions, etc., develop tools to support analysis of results more effectively, including implementation of new technology like visual analysis software
• Lead the effort to calculate Value of New Business on a regular basis, ensuring effective controls and documentation are in place, and performing analysis of results and explaining period over period changes
• Support Appointed Actuaries with documentation requirements related to Asset Adequacy Testing and RBC
• Providing insight and expertise regarding the risks of the block (sensitivity of the block to lapse, mortality, etc.) and understanding how policyholder behavior is impacted by the economic environment and how that is reflected in the models
• Managing ad hoc projection requests from Accounting, Finance, and Risk areas
• Supporting Protective's Fixed Annuity captive reinsurance company, which includes providing leadership and guidance over the financial reporting process, supporting economic capital projections, understanding terms of the treaties, collaborating closely with the working group to implement new cessions and/or amendments to the treaties
• Collaborating with the Fixed Annuity Valuation team to set priorities and expectations, manage shared resources, and improve the valuation and projection models
• Manage a team of three direct reports

Qualifications:

• Strong knowledge of Statutory and U.S. GAAP valuation methodologies for Fixed Annuity products
• Experience managing a team of actuaries
• Actuarial Fellowship (FSA) or Associate (ASA) designation and Member American Academy of Actuaries (MAAA)
• Experience with life and annuity valuation/projection software is a requirement, experience with PolySystems would be ideal
• Excellent verbal and written communication skills
• Able to communicate complex actuarial topics to both actuaries and non-actuaries
• Experience working in a collaborative environment
• Experience with Asset/Liability Modeling would be a plus
• Strong project management skills

Protective's targeted salary range for this position is $120,000 to $180,000. 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 all skills and abilities. Our aim is to create an equitable 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.