Protective Life

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

Birmingham, Alabama, United States

Protective Life Logo
$100,000 – $170,000Compensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

Requirements

Candidates should possess 4+ years of actuarial experience with a focus on projections and financial reporting, an Actuarial Associate (ASA) designation, experience with PolySystems or AXIS valuation and projection software, a strong understanding of fixed assets, life insurance, and/or annuity products, experience with Asset/Liability Modeling, and knowledge of Statutory valuation methodologies and financial statements. Strong communication skills and project management abilities are also required.

Responsibilities

The Associate Actuary – Projections will be responsible for enhancing expertise in the Polysystem asset model, collaborating with ERM and ALM teams on asset valuation stresses, updating model assumptions, innovating improvements in PolySystems asset modeling functionality, explaining the effects of liability and economic assumptions on modeled asset cashflows, managing ad hoc projection requests, updating and validating Variable Annuity AXIS models, reviewing model outputs, streamlining model reporting, and supporting production projects including Cash Flow Testing and strategic business planning.

Skills

PolySystems
AXIS
Asset Modeling
Variable Annuity
Statutory Valuation
Financial Reporting
Asset/Liability Modeling
Investment Assumptions
Model Assumption Updates
Model Validation
Modeling Software

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.

Key Metrics

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.

Land your dream remote job 3x faster with AI