Actuarial Assistant II- Retail Product
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Job Location:
Birmingham, MI - USA
Monthly Salary:
$ 78000 - 100000
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
The work we do has an impact on millions of lives and you can be a part of it.
Wehelp protect our customers against lifes ofwhere you work within thecompany youll behelping provide protection and peace of mind when our customers need it most.
Protective is seeking a Retail Product Actuarial Assistant II to join our Retirement this role you will support the development and pricing of variable annuity products and other retail offerings. Youll work closely with the lead product actuary to ensure new products align with our financial goals marketing objectives and risk appetite. This position offers the opportunity to contribute to actuarial modeling pricing analysis and InForce product management while collaborating with cross-functional teams to deliver innovative solutions to the market.
Key Responsibilities
- Assist in product development and pricing for variable annuities and other retail products.
- Perform robust and timely pricing analysis using actuarial modeling best practices (currently utilizing GGY Axis).
- Maintain and update actuarial pricing models and documentation.
- Analyze experience data including demographics mortality and lapse trends.
- Automate processes to improve efficiency and reduce errors.
- Collaborate with product strategy and other stakeholders to ensure products meet target market needs including supporting administration and illustration system builds.
Skills Abilities and Knowledge Required
- Strong analytical and problem-solving skills.
- Ability to interpret and analyze complex data sets.
- Excellent communication skills for both technical and non-technical audiences.
- Collaborative mindset with the ability to work effectively across teams.
- Detail-oriented and results-driven approach.
Qualifications
- Bachelors degree in Actuarial Science Mathematics Finance or a related field.
- Minimum of 2 actuarial exams passed.
- 2 years of industry experience preferred; annuity pricing or valuation experience is ideal.
- Experience with automation tools and process improvement is a plus.
- Proficiency in actuarial modeling; experience with GGY Axis preferred.
$78000 - $100000 a year
Protectives targeted salary range for this position is $78000 to $100000. 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 role is part of Protectives Actuarial Student Program. Participants in the Student Program are eligible for exam support study hours and bi-annual rotation.
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits 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 short-term 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.
Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability please emailemailprotected. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting retaining and growing an inclusive workforce.
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Junior IC
Key Skills
- HR Development
- General Services
- Apache Commons
- Automobile Service
- Accident Investigation
- AV
About Company
Protect your future with a life insurance policy or annuity from Protective. Discover options that give you and your family confidence for what's ahead.
