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Associate Actuary, Product Development (Remote)

Protective Life Insurance Company
vision insurance, parental leave, paid time off, 401(k)
United States, Alabama, Birmingham
2801 U.S. 280 (Show on map)
April 13, 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 actuarial pricing and modelling initiatives for the Variable Annuity (VA) Product Development team. This includes new product development as well as management of Inforce products. 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: Create and deliver financial projections (Statutory and GAAP) that rely on modelling best practices (currently using GGY AXIS for VA) Perform data analysis on experience data, which could include SQL code, as well as concepts from predictive analytics Ensure pricing analysis is robust, and timely Automate processes for efficiency and to reduce the potential for error Propose and test new features of product design Compose and present product change proposals in accordance with internal Pricing Standards Collaborate effectively with all actuarial stakeholders on pricing (e.g. secure risk approvals, align with existing internal methodologies) Collaborate effectively with non-actuarial product stakeholders to ensure that product effectively reaches the target market (e.g incorporate sales feedback, support marketing materials) Serve as VA product support for various product maintenance needs (fund partner responses, regulatory filings, etc) Serve as VA product support for any questions that concern their pricing and modeling initiatives Perform peer reviews on other qualified actuarial work products Qualifications: 3-5 year industry experience preferred ASA required Experience with SQL ideal Experience modelling in GGY AXIS ideal Experience with product Illustrations ideal Experience completing projects independently required, documentation is considered critical Excellent communication skills, with a drive to establish/maintain relationships Highly valued traits are: 1) curiosity and 2) taking initiative to learn and grow and 3) attention to detail Protective's targeted salary range for this position is $92,000 to $145,000. 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 all skills and abilities. Our aim is to create an equitable 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.