Actuarial M&A Leader

Summary

Join Protective as an FSA or FCAS level Actuary to lead the Corporate Actuarial M&A modeling team and drive the success of the Corporate Actuarial Team. You will lead corporate transaction valuations, conduct due diligence on key actuarial topics throughout acquisitions, and interact with senior individuals from other departments. This highly visible role involves developing Statutory, GAAP, tax, and capital projections, performing due diligence, and participating in meetings with target company senior management. You will also contribute to other corporate actuarial initiatives, such as modeling improvements. This position requires managing a team of two and collaborating with various business areas. The role offers a competitive salary and comprehensive benefits package.

Requirements

• Bachelor’s 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
• 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 self-starter
• Ability to deal with imperfect data and information

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

Preferred Qualifications

• Previous M&A or reinsurance experience preferred
• Previous staff management experience a plus
• Willingness to relocate to Birmingham, AL is a plus

Benefits

• Comprehensive health, dental and vision insurance
• Mental health benefits and an employee assistance program
• A variety of paid time away benefits ( e.g. , paid time off, paid parental leave, short-term disability, and a cultural observance day)
• Contributions to healthcare accounts
• A pension plan
• A 401(k) plan with Company matching
• ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards
• $158,500 - $250,000 a year
• An annual incentive and long-term incentive (LTI) based on individual and Company performance