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Protective

Protective

Vice President, Stable Value Products and Debt Capital Markets (Remote)

Vice President, Stable Value Products and Debt Capital Markets (Remote)

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Job Details
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Uploaded On
October 7, 2023
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Location
Work From Home
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Remote?
Yes
Company Overview
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Headquarters
Birmingham, AL
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Number of Employees
3000
Estimated Number of Actuaries
95
Salary
$
170
k-$
260
k
Glassdoor Ratings
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Recommend to a Friend
77%
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Overall Score
4.3

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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.

This role is for a business segment leader at Protective. The Stable Value Products (SVP) segment has about $10 billion in reserves and is a strong earnings diversifier for the company. The head of SVP will be engaged in strategic decision making for the segment as well as interactions across the company on budgeting, planning, and reporting needs. The role also includes supporting the company’s overall debt capital market (DCM) strategy and remaining actively engaged on general capital market developments and product innovations. About 10%-15% of work travel may be required for this role.

Protective is committed to growing through both our retail and acquisition segments.  This growth will introduce new challenges as well as opportunities.  This role will be expected to support strategic initiatives of the company, especially those related to treasury and DCM. 

Key Responsibilities:

  • Stable Value Products segment: 
  • Responsible for strategic development, planning, and execution of SVP’s business plan
  • Learn and direct the best way to optimize cost of funds for the SVP segment that aligns with plan objectives
  • Lead the process, including needed due diligence and market execution, for issuing a funding agreement backed-note, funding agreement, and guaranteed investment contracts
  • Work closely with FP&A and accounting teams to develop SVP’s annual business segment plan, quarterly projections process, and earnings reporting processes
  • Provide updates, as needed, on segment performance to senior management

  • Debt Capital Markets
  • Develop ongoing knowledge of company’s financial leverage trends and debt capital market needs
  • Work closely with other members of the Treasury team on liquidity analysis and optimal access to capital markets for the holding company
  • Develop pricing tools for company’s debt capital market issuances, and support execution on holding company issuances
  • Develop a high-level understanding of rating agency debt and hybrid methodology
  • Provide updates on debt capital markets, and advise the Treasury team on potential capital market solutions

  • Relationships Management
  • Remain engaged with banking partners on debt capital markets
  • Support regular outreach to fixed-income investors

  • Talent Management
  • Ability to develop and train employees will be an essential skill 

    • Qualifications:

  • 10+ years of experience related to either issuing, underwriting, or syndicating debt capital market products preferred
  • Knowledge of funding agreement backed notes and funding agreements
  • Ability to quickly learn job responsibilities, if previous direct work experience isn’t available
  • Excellent verbal and written communication skills
  • Strong project management skills
  • Strong analytical skills with significant attention to detail and accuracy
    • Protective’s targeted salary range for this position is $170,000 to $260,000. 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.

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