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.
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