The Role
The Actuarial Assistant II supports the development and pricing of variable annuities, conducts pricing analysis, updates pricing models, and collaborates with teams to ensure product alignment with market needs.
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 Retail Product Actuarial Assistant II to join our Retirement division. In this role, you will support the development and pricing of variable annuity products and other retail offerings. You’ll work closely with the lead product actuary to ensure new products align with our financial goals, marketing objectives, and risk appetite. This position offers the opportunity to contribute to actuarial modeling, pricing analysis, and InForce product management while collaborating with cross-functional teams to deliver innovative solutions to the market.
Key Responsibilities
- Assist in product development and pricing for variable annuities and other retail products.
- Perform robust and timely pricing analysis using actuarial modeling best practices (currently utilizing GGY Axis).
- Maintain and update actuarial pricing models and documentation.
- Analyze experience data, including demographics, mortality, and lapse trends.
- Automate processes to improve efficiency and reduce errors.
- Collaborate with product strategy and other stakeholders to ensure products meet target market needs, including supporting administration and illustration system builds.
Skills, Abilities, and Knowledge Required
- Strong analytical and problem-solving skills.
- Ability to interpret and analyze complex data sets.
- Excellent communication skills for both technical and non-technical audiences.
- Collaborative mindset with the ability to work effectively across teams.
- Detail-oriented and results-driven approach.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related field.
- Minimum of 2 actuarial exams passed.
- 2+ years of industry experience preferred; annuity pricing or valuation experience is ideal.
- Experience with automation tools and process improvement is a plus.
- Proficiency in actuarial modeling; experience with GGY Axis preferred.
This role is part of Protective's Actuarial Student Program. Participants in the Student Program are eligible for exam support, study hours, and bi-annual rotation.
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.
Top Skills
Actuarial Modeling Tools
Ggy Axis
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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,
