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Protective has helped people achieve protection and security in their lives for over 117 years.
The Role
Support valuation and financial reporting for Universal Life products: prepare and analyze Statutory, GAAP, and Tax reserves, maintain and enhance valuation models, assess model and assumption impacts, develop analytical tools and automation, support regulatory reporting and new product implementations, and collaborate with finance and actuarial teams while progressing through actuarial exams.
Summary Generated by Built In
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.
Protective is seeking a motivated and analytical Actuarial Assistant or Actuarial Assistant II to join our Universal Life (UL) Valuation Team. As a member of Protective's Actuarial Student Program, you will gain valuable hands-on experience while receiving support for actuarial exam progression and professional development. This role offers the opportunity to partner with valuation actuaries, financial reporting professionals, and cross-functional business teams to support the accurate valuation and financial reporting of Universal Life products.
In this role, you will gain exposure to Statutory, GAAP, and Tax valuation processes, actuarial modeling, financial reporting, reserve analysis, and regulatory reporting. You will contribute to quarterly valuation activities, model enhancements, process improvement initiatives, and the implementation of new products and reporting capabilities. This is an excellent opportunity for individuals interested in developing expertise in life insurance valuation and financial reporting while progressing toward actuarial credentials.
The level and title will be determined based on the selected candidate's actuarial experience, exam progress, and demonstrated capabilities.
Key Responsibilities:
- Support quarterly valuation and financial reporting processes for Universal Life products.
- Prepare and analyze Statutory, GAAP, and Tax reserves and related financial results.
- Analyze period-over-period financial results, explain key drivers, and document findings.
- Maintain, test, and enhance valuation models and supporting processes.
- Assess the impact of model, assumption, and methodology updates on financial results.
- Support actuarial testing, regulatory reporting, and governance activities.
- Develop analytical tools, reporting solutions, and process automation initiatives to improve efficiency.
- Provide valuation support for new products, product enhancements, and other strategic initiatives.
- Prepare reports, exhibits, and documentation to effectively communicate results and recommendations.
- Collaborate with Finance, Financial Reporting, Pricing, Modeling, and other actuarial teams to support business objectives.
Core Competencies (skills, knowledge and abilities):
- Strong analytical and problem-solving skills with attention to detail.
- Excellent verbal and written communication skills.
- Ability to work collaboratively across teams and manage multiple priorities.
- Strong proficiency in Microsoft Excel.
- Experience with databases and SQL or similar query technologies.
- Programming experience or aptitude with VBA, Python, PowerShell, or similar tools.
- Familiarity with actuarial modeling systems; experience with PolySystems is a plus.
- Knowledge of life insurance valuation concepts and financial reporting frameworks.
- Experience with Power BI, Tableau, Power Query, or similar data visualization and reporting tools is a plus.
- Demonstrated curiosity and desire to understand the drivers of financial performance.
Required Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
- Minimum of two actuarial exams completed.
- Commitment to continued actuarial exam progress.
- Strong quantitative, analytical, and problem-solving skills.
- Interest in life insurance valuation, financial reporting, and actuarial modeling.
Preferred Qualifications:
- Four or more actuarial exams completed.
- Significant progress toward Associate of the Society of Actuaries (ASA) designation.
- Actuarial experience in valuation, financial reporting, modeling, pricing, or related analytical functions.
- Experience in the insurance or financial services industry.
- Experience with PolySystems or other actuarial modeling platforms.
- Exposure to Statutory, GAAP, and Tax valuation methodologies.
Actuarial Student Program Benefits
- Company-sponsored study time for actuarial exams and modules.
- Reimbursement for approved exam fees, study materials, and select preparation seminars.
- Competitive exam-based salary increase opportunities.
- Mentorship and career guidance from experienced actuarial leaders.
- Rotational development opportunities designed to provide broad actuarial and business experience.
- Paid membership dues for key actuarial professional organizations.
Protective is committed to supporting actuarial students throughout their credentialing journey. Participants in our Actuarial Student Program receive:
The internal job title for this position will be Actuarial Assistant or Actuarial Assistant II.
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include 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.
Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related quantitative field
- Minimum of two actuarial exams completed
- Commitment to continued actuarial exam progress
- Strong proficiency in Microsoft Excel
- Experience with databases and SQL or similar query technologies
- Programming experience or aptitude with VBA, Python, PowerShell, or similar tools
- Strong quantitative, analytical, and problem-solving skills
- Excellent verbal and written communication skills
- Ability to work collaboratively across teams and manage multiple priorities
- Knowledge of life insurance valuation concepts and financial reporting frameworks
- Familiarity with actuarial modeling systems
- Experience with PolySystems
- Experience with Power BI, Tableau, Power Query, or similar data visualization and reporting tools
- Actuarial experience in valuation, financial reporting, modeling, pricing, or related analytical functions
- Four or more actuarial exams completed
- Significant progress toward Associate of the Society of Actuaries (ASA) designation
- Experience in the insurance or financial services industry
- Exposure to Statutory, GAAP, and Tax valuation methodologies
Protective Life Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Protective Life and has not been reviewed or approved by Protective Life.
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Retirement Support — A pension plan alongside a 401(k) with employer match is repeatedly highlighted and considered a standout feature. Feedback suggests these offerings provide strong long‑term financial security.
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Healthcare Strength — Medical, dental, vision, and prescription coverage are complemented by HSA/FSA options with company contributions and wellness incentives. Feedback suggests the breadth of health benefits is comprehensive.
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Leave & Time Off Breadth — Paid time off and holidays are frequently cited as positives, with parental leave and adoption assistance available. Feedback suggests time‑off policies support work‑life balance.
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The Company
What We Do
Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. Protective traces its roots to its flagship company founded in 1907, Protective Life Insurance Company. Throughout its more than 110-year history, Protective’s growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing — for its employees, distributors and, most importantly, its customers. Protective’s home office is located in Birmingham, Alabama, and its 3,000+ employees work across the United States. As of June 30, 2020, Protective had assets of approximately $123 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings,
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