Associate Actuary - Projections - Asset and Variable Annuity Projections (Remote)

Position Overview

• Location Type: Not specified
• Employment Type: Full Time
• Salary: $100,000 - $170,000 (Targeted)

Protective Life Corporation, a life insurance company founded in 1907, is seeking a Projections Associate Actuary to contribute to the Financial Actuarial Department. This role focuses on asset model development and variable annuity projections, requiring close collaboration with various departments including ALM, risk management, corporate planning, accounting, and finance. The position reports to the Actuary – Assets, Modeling, and Variable Annuity Projections.

Requirements

• Experience: 4+ years of actuarial experience with a focus on projections and financial reporting.
• Designation: Actuarial Associate (ASA) designation preferred.
• Software Proficiency: Experience with PolySystems or AXIS valuation and projection software.
• Knowledge: Strong understanding of fixed assets, life insurance, and/or annuity products.
• Valuation: Experience with Asset/Liability Modeling.
• Methodologies: Strong knowledge of Statutory valuation methodologies and financial statements.
• Communication: Ability to communicate complex actuarial or asset topics to all levels of the organization.
• Project Management: Strong project management skills.

Responsibilities

• Asset Projections:
  • Enhance expertise in the Polysystem asset model.
  • Collaborate with ERM and ALM teams on asset valuation stresses.
  • Update 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.
• Variable Annuity Modeling:
  • Update and validate Variable Annuity AXIS models.
  • Review model outputs and draw conclusions on reasonability and impact.
  • Support production projects including Cash Flow Testing, strategic business planning, and Economic Solvency Ratio analysis.
  • Streamline model reporting to enhance controls and insights.
• Ad Hoc Requests: Manage ad hoc projection requests from Accounting, Finance, and Risk areas.

Application Instructions

• Details on how to apply are not provided in the job description. Please refer to Protective Life Corporation's career website for application instructions.

Company Information

• Company: Protective Life Corporation
• Founded: 1907
• Industry: Life Insurance
• Headquarters: Birmingham, Alabama
• Website: (Not provided - Please refer to Protective Life Corporation's website)