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 Life Product Actuary will report to the Vice President, Life Product. This person will join a team of actuaries and analysts that provide financial and actuarial analysis on behalf of Protective’s Protection Product Development department.

The Life Product Actuary will have several primary objectives: 1) Effective partnership with product management and implementation teams to modernize product offerings for profitable growth, 2) Executing best practice pricing techniques for assumption setting and financial modeling in adherence to internal Pricing Standards, and 3) Build trust with internal enterprise partners and governance approvals from senior management of product initiatives.

Responsibilities:

Lead the pricing and development of life insurance products (primarily Universal Life, but also other products and features as assigned) in accord with the company's financial goals, marketing objectives and risk appetite

Lead the modeling and analysis of product financial cash flows (Statutory and GAAP) and associated risks in MG-ALFA

Ensure adequate internal model controls, and suitable documentation of results and processes adhering to internal Pricing Standards

Present findings to management and business leaders in a manner that helps drive business decisions and complies with governance approval process

Help direct Competitive Intel team in providing appropriate data and information to optimally support product work

Lead ad hoc projects supporting departmental responsibilities (e.g. product implementation, legal and filing support, in force management and compliance, systems support, marketing and sales support, reinsurance support, etc.)

Support acquisition due diligence and new business integration efforts as assigned

Demonstrating high levels of integrity and adhering to Actuarial Standards of Practice

Managing junior to mid-level employees and helping to foster a collaborative and high performing work environment focused on professional growth

Qualifications:

BA/BS Degree in Actuarial Science, Mathematics, Statistics and/or related major

Attainment of Fellowship of the Society of Actuaries, and active compliant Member of the American Academy of Actuaries

5+ years of relevant actuarial work experience in Life Pricing or a closely related function

Excellent technical (especially financial modeling) and communication / presentation skills

Able to communicate complex actuarial topics to both actuaries and non-actuaries

PBR knowledge is preferred

MG-ALFA experience is preferred

Proven leadership skills, management experience preferred

Protective’s targeted salary range for this position is $130,000 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].

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.

Apply Now

Working at

Protective

Protective is a leading insurance and financial services company dedicated to providing individuals and businesses with peace of mind and financial security. With a rich history that spans over a century, Protective has earned a strong reputation for its commitment to customer-centric solutions. As an actuary at Protective, you'll be part of a dynamic team that plays a crucial role in assessing and managing risks. Actuaries at Protective utilize advanced statistical models and data analysis techniques to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's insurance products. Protective offers a diverse range of insurance solutions, including life insurance, annuities, and asset protection products. Actuaries collaborate with cross-functional teams to analyze data, monitor trends, and develop innovative solutions that meet the evolving needs of customers. Professional growth is highly valued at Protective, and the company provides actuaries with ongoing training and development opportunities. Actuaries have the chance to enhance their skills and stay at the forefront of industry advancements while contributing to the company's success. Join Protective's esteemed actuarial team and embark on a fulfilling career where you can make a meaningful impact on the financial well-being of individuals and businesses. Enjoy competitive benefits, a supportive work environment, and the opportunity to shape the future of the insurance industry.

Protective

Actuary, Life Product (remote)

Actuary, Life Product (remote)

Job Details

Company Overview

Glassdoor Ratings

Find Similar Jobs

Responsibilities:

Qualifications:

Working at

Protective

Find Similar Jobs