Actuary (Remote)

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. This Actuary will lead 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 experience with other lines of business. The role includes product development, actuarial modeling, custom quotes, and pricing, inforce management, risk analysis and experience studies.

Responsibilities

• Support Executive Benefits business planning, explore new opportunities for the franchise and lead product research and development for new product initiatives
• Lead engagement 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)
• Collaborate effectively with all actuarial stakeholders on pricing (e.g., secure assumption approvals, align with existing internal methodologies, secure reinsurance coverage as needed, coordinate risk analysis and review)
• Review and deliver financial projections and interact with FP&A partners to ensure product profitability and feasibility
• Develop relationships and routine communications with Shared Service partners to assure actual experience aligns with pricing (investment yield, asset / liability duration mismatch, capital expectations)
• Develop team subject matter expertise for internal and external queries on products, pricing, and administration systems
• Support team in preparing ad-hoc experience studies, which could include emerging mortality and lapse experience
• Cooperate with stakeholders on management of inforce business, including rate resets and other nonguaranteed element determinations
• Own and deliver Product team’s routine regulatory commitments including Illustration Reg Testing and Certifications, NY S4228 and NY Reg 210 requirements and certifications
• Build the team’s industry and institutional knowledge through ongoing engagement with and mentoring of more junior team members Qualifications/Education
• 10+ years industry experience
• 5+ years life insurance experience
• FSA, MAAA
• Life product pricing experience
• Experience with Stable Value Wraps a plus
• Experience interfacing with sales/new business staff for custom quotes, product training, and product feedback a plus
• Accountable for results
• Excellent communication skills Protective’s targeted salary range for this position is $130,000 to $200,000. 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] OR [through cash compensation as part of a sales incentive plan (SIP). 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 divers