Associate Actuary - Projections

Summary

Join Protective Life Corporation as a Projections Associate Actuary, contributing to asset model development and variable annuity projections. This role involves collaborating with various departments, including ALM, risk management, and finance, and reporting to the Actuary – Assets, Modeling, and Variable Annuity Projections. You will enhance expertise in the Polysystem asset model, collaborate on asset valuation stresses, innovate model functionality, and explain the effects of assumptions on asset cashflows. Additionally, you will update and validate Variable Annuity AXIS models, review model outputs, and streamline model reporting. This position requires 4+ years of actuarial experience with a focus on projections and financial reporting, an Actuarial Associate (ASA) designation, and experience with PolySystems or AXIS valuation and projection software.

Requirements

• 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

Responsibilities

• 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
• 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

Benefits

• Protective’s targeted salary range for this position is $100,000 to $170,000
• Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience
• This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance