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.
We are seeking an experienced actuary for an open position on the variable annuity valuation team. This person will help drive the overall success of the variable annuity valuation team and the company’s critical financial reporting obligations. This highly visible position will interact with other departments within the organization and play a key role in analyzing key drivers of earnings through close collaboration with the Finance Department. This position is also responsible for performing Statutory, GAAP and Tax valuation of variable annuities, which lasts about 3 weeks each quarter. The remaining time will be focused on implementation of new products and business process improvements, such as consolidating valuation models, streamlining valuation/projection/reporting processes, and implementation of new regulations.
Job Responsibilities:
- Performing quarterly Stat, Tax and GAAP valuations and earning variance analysis using AXIS software
- Preparing monthly, quarterly and annual reports for internal and third-party clients
- Preparing and reviewing SOX controls
- Maintaining and improving the valuation and business plan models
- Evaluating and communicating impacts of model updates and improvements
- Developing automation tools for reporting/analysis as needed
- Interacting with other departments and individuals within the organization
- Other job duties as assigned, including ad hoc management reports.
Qualifications:
- Bachelor’s degree
- Previous valuation experience using AXIS software
- Analytical and problem-solving experience within the insurance industry
- ASA or recent FSA (willing to consider a pre-ASA with extensive AXIS experience)
- Excellent spreadsheet and technical skills such as SQL coding and programming skills
- Capable of learning new software and new concepts
- Self-starter with ability to work independently and as part of a team
- Strong communication and interpersonal skills
- Knowledge of annuity products, particularly variable annuity with guaranteed benefits, and annuity regulations is preferred
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,
