drjobs Associate Actuary - Projections - Asset and Variable Annuity Projections Remote

Associate Actuary - Projections - Asset and Variable Annuity Projections Remote

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1 Vacancy
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Job Location drjobs

Birmingham - USA

Monthly Salary drjobs

$ 100000 - 170000

Vacancy

1 Vacancy

Job Description

Protective Life Corporation headquartered in Birmingham Alabama is a life insurance company founded in 1907; with subsidiaries that provide financial services through the production distribution and administration of a diverse array of insurance and investment products.
The Financial Actuarial Department is currently seeking a Projections Associate Actuary. This role will be responsible for asset model development and variable annuity projections. This role will have heavy interaction with other areas of the company including ALM team risk management corporate planning accounting and finance. This position will report to the Actuary Assets Modeling and Variable Annuity Projections.


Responsibilities:


    • Asset projections:
    • Enhance expertise in the Polysystem asset model and the characteristics of the modeled assets
    • Collaborate with ERM and ALM teams on asset valuation stresses and the annual updating of model assumptions for projected yields investment expenses defaults and reinvestment mix
    • Innovate improvements in PolySystems asset modeling functionality
    • Explain the effects of liability and economic assumptions on modeled asset cashflows
    • Create reporting tools to support more effective analysis of results
    • Manage ad hoc projection requests from Accounting Finance and Risk areas

    • Variable Annuity modeling:
    • Update and validate Variable Annuity AXIS models
    • Review model outputs and draw conclusions on reasonability and impact
    • Modeling supports production projects including Cash Flow Testing strategic business planning and Economic Solvency Ratio
    • Streamline model reporting to enhance controls and insights

Qualifications:

    • 4 years of actuarial experience with focus on projections and financial reporting
    • Actuarial Associate (ASA) designation
    • Experience with PolySystems or AXIS valuation and projection software
    • Strong understanding of fixed assets as well as life insurance and/or annuity products
    • Experience with Asset/Liability Modeling
    • Strong knowledge of Statutory valuation methodologies and financial statements
    • Able to communicate complex actuarial or asset topics to all levels from entry to Chief Actuary
    • Strong project management skills
Protectives targeted salary range for this position is $100000 to $170000. 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 Protectives total compensation package for employees.
This position also offers additional incentive opportunitiesthrough an annual incentive based on individual and Company performance.

#LIEH1

Required Experience:

IC

Employment Type

Full-Time

Company Industry

About Company

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