Associate Actuary - Executive Benefits (Remote)

Protective Life Insurance Company
life insurance, vision insurance, parental leave, paid time off, 401(k)
United States
March 20, 2024
The 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. Support product development and pricing for Protective Life's longstanding Executive Benefits product suite, including COLI, BOLI, and ICOLI. A small, but collaborative team environment ensures exposure to all facets of the product line, and plenty of experience with other lines of business. The role includes actuarial modeling, custom quotes and pricing, inforce management, risk analysis, experience studies, and product development. Location flexible as hiring manager is fully remote. 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: Collaborate effectively with all actuarial stakeholders on pricing (e.g. secure assumption approvals, align with existing internal methodologies, coordinate risk analysis and review) Work effectively with non-actuarial product stakeholders to ensure that product effectively reaches the target market (e.g. secure agreement on quote parameters and assumptions, incorporate sales feedback, support risk requirements) Deliver financial projections and interact with FP&A partners to ensure product profitability and feasibility Serve as a product expert for internal and external queries on products, pricing, and administration systems Perform data analysis on experience data, which could include emerging mortality and lapse experience Cooperate with stakeholders on management of inforce business, including rate resets and other nonguaranteed element determinations Qualifications: 5+ years industry experience preferred 3+ years life insurance experience strongly preferred FSA or ASA exam progress; career ASA's welcome Life product pricing experience a plus Experience with Stable Value Wraps a plus Experience interfacing with sales/new business staff for custom quotes, product training, and product feedback a plus Results oriented Excellent communication skills Protective's targeted salary range for this position is $92,000 to $160,000. 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.