Protective Life

Vice President, Actuarial M&A Leader

Birmingham, Alabama, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Actuarial Services, Financial ServicesIndustries

Position Overview

  • Location Type: Not Specified
  • Employment Type: Full Time
  • Salary: Not Specified

The company helps protect its customers against life’s uncertainties. This role seeks an FSA or FCAS level Actuary to lead the Corporate Actuarial M&A modeling team, driving the success of the Corporate Actuarial Team by leading corporate transaction valuations and conducting due diligence. This highly visible role will interact with senior individuals and lead the development, maintenance, and improvement of acquisition models. Responsibilities include developing Statutory, GAAP, tax, and capital projections on various blocks of business. The role also involves due diligence meetings with target company senior management and contributing to other corporate actuarial initiatives.

Requirements

  • Education: Bachelor’s degree required
  • Actuarial Designation: FSA or FCAS level actuary preferred
  • Experience: Experience as an actuary within the employee benefits / group, P&C, and/or life insurance industry is desirable.
  • Technical Skills: Excellent spreadsheet and technical skills are essential.
  • Preferred Experience: Previous M&A or reinsurance experience is preferred.
  • Management Experience: Previous staff management experience is a plus.
  • Key Attributes: Executive presence, hard work, dedication, ability to travel, analytical skills, self-starter, excellent communication skills, and a driven mindset are also required.

Responsibilities

  • Team Leadership: Manage a team of two people.
  • Modeling:
    • Model various M&A opportunities on stat, tax, GAAP, and various capital bases.
    • Maintain and improve the acquisition template model.
    • Develop new reporting / analysis tools and tools to identify opportunities to improve in-force earnings.
    • Evaluate potential new lines of business for Protective.
  • Due Diligence:
    • Perform due diligence on actuarial topics.
    • Coordinate due diligence on other key valuation drivers.
  • Process Improvement: Improve processes related to M&A diligence and modeling.
  • Collaboration: Collaborate with key business areas including corporate development, finance, tax, risk management, experience studies, corporate modeling, ALM, and product development.
  • Guidance & Review: Provide guidance and review for model modifications made by team members.
  • Reporting:
    • Present results to management.
    • Develop ad hoc management reports as needed.

Application Instructions

  • Not Specified

Company Information

  • Not Specified

Skills

Actuarial Modeling
GAAP
Statutory
Tax Projections
Capital Projections
Reinsurance
M&A Due Diligence
Team Management
Excel
Communication
Analytical Skills
Process Improvement

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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