Associate Actuary

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.

Whether it’s in accounting, claims, IT, investments, legal, marketing, sales, or another department, come be part of a company where you can accomplish your goals while contributing to our social mission of becoming America’s most protective insurance company.

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.

We are looking to add an ASA or new FSA to our life Product Development Team.

This person may be located in any of our three strategic locations: Birmingham – AL, Cincinnati – OH, and Work From Home.

This person will join a team of actuaries that develop insurance products to support Protective’s Protection Division.

The primary responsibility will be leading the development of some of these group life products.

To successfully do so, you will interact with other teams within the organization, such as IT, Legal, Accounting, Valuation, Risk Management, Sales, Underwriting, and others [KR1] .

This role will report to the Second Vice President
– Product, who reports to the Chief Product Officer of the Protection Division.

Job Duties

• Assist with pricing and development of group insurance products in accordance with the company’s financial goals, marketing objectives and risk appetite.
• Assist with in-force management of group insurance products.
• Conduct modeling and analysis of product cash flows, experience, and associated risks.
• Ensure adequate internal model controls, and suitable documentation of results and processes.
• Present findings to business leaders in a manner that helps drive business decisions.
• Help direct Competitive Intel team in providing appropriate data and information to optimally support product work.
• Assist with ad hoc projects supporting departmental responsibilities (e.g.

  product implementation, legal and filing support, in force management and compliance, systems support, marketing and sales support, reinsurance support, etc.)

• Demonstrating high levels of integrity and adhering to Actuarial Standards of Practice.

Basic Qualifications:

• BA/BS Degree in Actuarial Science, Mathematics, Statistics and/or related major.
• Attainment of Associate of the Society of Actuaries
• 4+ years of relevant actuarial work experience in Group Insurance Pricing, Life Pricing, or a related function.
• Excellent technical (Excel and financial modeling) and communication skills.

The qualities that we are looking for in a candidate include:

• Hard working and proactive
• Team-oriented and collaborative
• Group or life product expertise
• Financial modeling skills and expertise in MG-ALFA[KR1] 
• Accountable and results-oriented
• Ability to independently lead cross-functional projects
• Excellent technical and communication skills
• An ongoing focus on self-development and strives to continuously learn and grow

At Protective, we are committed to providing an inclusive culture where all employees fully contribute and thrive.

We have always been a values-driven culture.

Doing the right thing and serving people are part of our DNA, and we believe that valuing and embracing different backgrounds and perspectives is what makes us unique.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.