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SalaryThe work we do has an impact on millions of lives, and you can be a part of it.
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.
Protective Life Corporation was founded 1907 in Birmingham, AL and offers a broad range of life, specialty insurance and investment products. We are a company supported by values. Our growth and success can be largely attributed to our ongoing dedication to serving people and doing the right thing… for our employees, for our distributors, for the communities in which we operate and most importantly, for our customers.
The Experience Actuarial Team is looking for a candidate to take an active role in experience analysis, assumption setting, and documentation of assumptions and margins for statutory, GAAP, and embedded value. This position will work with a variety of subject matter experts from pricing, risk management, valuation, and projections to develop recommendations for use in valuation and projections. The position will primarily work on annuity products, such as Fixed Indexed Annuities (FIA) and Variable Annuities (VA). The responsibility includes helping to make presentations to senior actuaries and others within the governance structure and defending the assumptions to auditors and other reviewers.
For actuarial positions within the Actuarial Program, we aim to develop employees both through completion of actuarial examination and through practical experience. We support employees through the completion of the actuarial examination and credentialing process via competitive paid study time and full coverage of exam expenses (SOA exam fees and exam preparation material). We also provide well-rounded experience via rotations across job functions and product lines.
Eligibility for certain aspects of the Actuarial Program vary by position and are dependent upon the employee staying within good standing with the Actuarial Program.
Responsibilities:
- Perform annual experience analysis, working with partners on valuation and projection teams, pricing, and risk management to support the development of proposals for the inforce assumptions committee
- Provide support for PBR assumptions and margins
- Prepare documentation of assumption controls for internal and external auditors
- Develop new reporting/analysis tools as necessary
- Interact with other departments and individuals within the organization
- Perform data analysis on experience data, which could include SQL code, as well as concepts from predictive analytics
Qualifications:
- BA/BS Degree in Actuarial Science, Mathematics, Statistics, and/or related major
- Strong communication skills
- Annuity knowledge (Fixed or Variable) is preferred
- GGY AXIS and/or PolySystems knowledge is preferred Initiative to learn and grow
- - a drive to establish/maintain relationships
Protective’s targeted salary range for this position is $76,000 to $100,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.
This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.
Employee Benefits:
We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
Diversity and Inclusion:
At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.
We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent.
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.
