Be an Early Applicant
The Role
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 Life Corporation, headquartered in Birmingham, Alabama, is a life insurance company founded in 1907; with subsidiaries that provide financial services through the production, distribution and administration of a diverse array of insurance and investment products.
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
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.
Similar Jobs
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
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,
