The Role
Join the Product Development team as a Product Actuary, leading pricing and modeling initiatives for life insurance products while collaborating across departments and mentoring junior staff.
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 Life is seeking a strategic and analytical Actuary or Associate Actuary to join our Protection Division’s Product Development team. This role is ideal for a collaborative and forward-thinking actuary who thrives in a dynamic environment focused on modernizing life insurance offerings for profitable growth. You’ll work closely with product management, implementation, and competitive intelligence teams to lead pricing initiatives, financial modeling, and governance communications that support Protective’s mission to offer affordable protection to millions of families.
Key Responsibilities:
- Lead pricing and development of life insurance products aligned with financial goals, marketing strategies, and risk appetite.
- Model and analyze product financials (Statutory and GAAP) and associated risks.
- Ensure strong model controls and documentation in compliance with internal Pricing Standards.
- Present findings and recommendations to senior leadership to support governance and strategic decisions.
- Guide Competitive Intelligence efforts to support product development with relevant market data.
- Manage cross-functional projects including product implementation, legal and compliance support, reinsurance, and marketing.
- Support acquisition due diligence and integration of new business.
- Mentor junior team members and foster a collaborative, growth-oriented environment.
- Uphold Actuarial Standards of Practice with integrity and professionalism.
Skills, Abilities & Knowledge Required:
- Deep understanding of life insurance and annuity actuarial principles.
- Strong analytical and problem-solving skills.
- Advanced Excel and data management proficiency.
- Excellent communication skills—able to translate complex actuarial concepts for diverse audiences.
- Proven ability to lead through change and collaborate across departments.
- Familiarity with Principle-Based Reserving (PBR) and MG-ALFA modeling software is a plus.
Qualifications:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
- Associate of the Society of Actuaries (ASA) required; Fellow of the Society of Actuaries (FSA) preferred with current Continuing Professional Development (CPD) compliance.
- Minimum of 5 years of actuarial experience in life insurance pricing or a closely related function.
- Strong technical expertise in financial modeling and actuarial analysis.
#ind123 #LI-AP1
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
Excel
Financial Modeling
Mg-Alfa Modeling Software
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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,
