The Role
The Associate Actuary will lead analysis and projections for the Bermuda Solvency Capital Requirement and Risk-Based Capital frameworks, collaborating with multiple departments to enhance capital efficiency and regulatory strategy.
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 Capital Planning Associate Actuary to join our Finance team. This role plays a critical part in shaping the company’s capital strategy by leading analysis and projections related to the Bermuda Solvency Capital Requirement (BSCR) and Risk-Based Capital (RBC) frameworks. The ideal candidate will bring clarity and insight to senior leadership and the board, helping drive informed decisions that support Protective’s long-term financial health.
This position collaborates cross-functionally with teams including asset-liability management, treasury, accounting, product development, enterprise risk management (ERM), and financial actuarial. It offers a unique opportunity to influence capital efficiency and regulatory strategy in a dynamic and growing organization.
Key Responsibilities:
- Coordinate the population and lead the analysis of the BSCR template for PL Re, currently reported annually with potential for increased frequency.
- Maintain and enhance short- and long-term projections of BSCR and RBC, providing insights into the impact of strategic decisions.
- Serve as a key contributor to the Capital Management Committee, presenting trends and forecasts.
- Drive initiatives aimed at improving capital efficiency across the organization.
- Analyze and communicate the impact of new regulations on BSCR and RBC capital positions, while coordinating with the team on the integration of J-ICS and ESR metrics.
Skills, Abilities & Knowledge:
- Strong understanding of life and annuity actuarial concepts.
- Familiarity with Bermuda capital framework preferred.
- Advanced Excel and data management capabilities.
- Exceptional analytical and problem-solving skills.
- Ability to translate complex calculations into clear, actionable insights.
- Proven collaboration skills across multiple departments.
Minimum Requirements:
- Bachelor’s degree in Actuarial Science, Finance, or a related field.
- Associate of the Society of Actuaries (ASA) designation required.
- Minimum of 5 years of relevant experience in the life insurance industry preferred.
#LI-AP1 #ind123
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.
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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,
