[Remote] Associate Actuary - Capital Planning at Protective Life

Birmingham, Alabama, United States

Protective Life Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

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
  • 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

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

Skills

Key technologies and capabilities for this role

BSCRRBCAdvanced ExcelData ManagementActuarial ModelingCapital ProjectionsLife InsuranceAnnuity ProductsBermuda Capital FrameworkFinancial AnalysisEnterprise Risk ManagementAsset-Liability Management

Questions & Answers

Common questions about this position

What is the salary range for the Associate Actuary - Capital Planning position?

Protective’s targeted salary range for this position is $94,000 to $120,000. Actual salaries may vary depending on factors like job location, skills, and experience.

What benefits are offered for this role?

The position offers comprehensive health, dental, and vision insurance, along with support for emotional wellbeing through mental health resources. It also includes additional incentive opportunities through an annual incentive based on individual and Company performance.

Is this position remote or does it require office work?

This information is not specified in the job description.

What skills and qualifications are required for this role?

Required qualifications include a Bachelor’s degree in Actuarial Science, Finance, or related field, Associate of the Society of Actuaries (ASA) designation, and minimum of 5 years of relevant experience in the life insurance industry preferred. Key skills include 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 insights, and proven collaboration skills.

What does the team structure look like for this position?

This role joins the Finance team and collaborates cross-functionally with teams including asset-liability management, treasury, accounting, product development, enterprise risk management (ERM), and financial actuarial. It serves as a key contributor to the Capital Management Committee.

Protective Life

Provides financial planning and life insurance services

About Protective Life

Protective Life provides financial planning and life insurance services aimed at individuals and businesses. The company offers a variety of products, including life insurance policies and retirement planning guides, to help clients secure their financial future. Their services are designed to assist financial advisors, insurance agents, and individual clients in protecting assets and planning for retirement. Protective Life operates through both business-to-business (B2B) and business-to-consumer (B2C) models, partnering with financial professionals while also reaching out directly to clients via their online platform. What sets Protective Life apart from competitors is their focus on excellent customer service and the provision of educational resources, which empower clients and advisors to make informed decisions. The company's goal is to help clients achieve financial security through comprehensive solutions and support.

Birmingham, AlabamaHeadquarters
1842Year Founded
IPOCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Paid Vacation
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Employee Assistance Program

Risks

Increased competition from digital-first insurance startups could erode market share.
Interest rate fluctuations pose a risk to Protective's investment income.
Direct-to-consumer insurance models may impact Protective's B2B distribution strategy.

Differentiation

Protective.com emphasizes excellent customer service and educational resources for informed decision-making.
The company offers support and training for financial advisors and insurance agents.
Protective.com operates on both B2B and B2C models, reaching diverse client bases.

Upsides

Increased demand for digital insurance solutions drives innovation in the life insurance sector.
The rise of fee-based advisory services reshapes the financial planning landscape.
Big data analytics allows better risk assessment and personalized insurance products.

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