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We are seeking an FSA or FCAS level Actuary to lead the Corporate Actuarial M&A modeling team. The person selected for this role will help drive the overall success of the Corporate Actuarial Team by leading corporate transaction valuations and conducting due diligence on key actuarial topics throughout the acquisition process.
This highly visible role will interact with senior individuals from other departments and will lead the development maintenance and improvement of the acquisition models. This position is responsible for developing Statutory GAAP tax and capital (e.g. RBC ICS/ESR Bermuda EBS) projections on various blocks of business by modifying output from publicly available data the target company and/or their advisors. In addition this individual will be involved in due diligence including meetings with target company senior management. These acquisition opportunities are not predictable in their timing. In the remaining time you will play an essential role in other corporate actuarial initiatives such as modeling improvements.
Job Responsibilities
Manage a team of two people
Model various M&A opportunities on a stat tax GAAP and various capital bases and present results to management
Perform due diligence on actuarial topics and coordinate due diligence on other key valuation drivers
Maintain and improve the acquisition template model that is the starting point for various opportunities
Improve processes related to M&A diligence and modeling
Collaborate with key business areas such as corporate development finance tax risk management experience studies corporate modeling ALM and product development
Provide guidance and review for model modifications made by team members
Develop new reporting / analysis tools as necessary
Develop tools to help analyze key diligence issues on deals
Create models to identify opportunities to improve in force earnings
Evaluate potential new lines of business for Protective
Other job duties as assigned including ad hoc management reports
Qualifications
Bachelors degree required
Ideal candidate will be an FSA or FCAS level actuary
Experience as an actuary within the employee benefits / group P&C and/or life insurance industry
Excellent spreadsheet and technical skills
Previous M&A or reinsurance experience preferred
Previous staff management experience a plus
Executive presence
Hard working and dedicated
Ability to travel periodically to attend due diligence management meetings
Analytical and inquisitive
Ability to work independently or on a team
Excellent communication skills
Driven selfstarter
Ability to deal with imperfect data and information
Willingness to relocate to Birmingham AL is a plus
#LIEH1
$250000 $300000 a year
Protectives targeted total compensation for this position is $250000 to $300000. 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 and longterm incentive (LTI) based on individual and Company performance.
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health dental and vision insurance we support emotional wellbeing through mental health benefits and an employee assistance balance is important and Protective offers a variety of paid time away benefits (e.g. paid time off paid parental leave shortterm disability and a cultural observance day).The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include 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 Protectives platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Companys benefit plans.
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