The Financial Actuarial Department is currently seeking a Projections Associate Actuary. This role will be responsible for asset model development and variable annuity projections. This role will have heavy interaction with other areas of the company, including ALM team, risk management, corporate planning, accounting and finance. This position will report to the Actuary - Assets, Modeling, and Variable Annuity Projections.
Responsibilities:
- Enhance expertise in the Polysystem asset model and the characteristics of the modeled assets
- Collaborate with ERM and ALM teams on asset valuation stresses and the annual updating of model assumptions for projected yields, investment expenses, defaults, and reinvestment mix
- Innovate improvements in PolySystems asset modeling functionality
- Explain the effects of liability and economic assumptions on modeled asset cashflows
- Create reporting tools to support more effective analysis of results
- Manage ad hoc projection requests from Accounting, Finance, and Risk areas
- Update and validate Variable Annuity AXIS models
- Review model outputs and draw conclusions on reasonability and impact
- Modeling supports production projects including Cash Flow Testing, strategic business planning, and Economic Solvency Ratio
- Streamline model reporting to enhance controls and insights
- Asset projections:
Variable Annuity modeling:
Qualifications:
- 4+ years of actuarial experience with focus on projections and financial reporting
- Actuarial Associate (ASA) designation
- Experience with PolySystems or AXIS valuation and projection software
- Strong understanding of fixed assets as well as life insurance and/or annuity products
- Experience with Asset/Liability Modeling
- Strong knowledge of Statutory valuation methodologies and financial statements
- Able to communicate complex actuarial or asset topics to all levels from entry to Chief Actuary
- Strong project management skills
$100,000 - $170,000 a year
Protective's targeted salary range for this position is $100,000 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.
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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.