Associate Actuary - Variable Annuity Valuation

Summary

Join Protective's variable annuity valuation team as an experienced actuary. This highly visible role involves performing statutory, GAAP, and tax valuations, collaborating with other departments, and analyzing key earnings drivers. You will also focus on implementing new products and improving business processes, including model consolidation and streamlining reporting. This position requires strong analytical and problem-solving skills, experience with AXIS software, and excellent communication abilities. The role offers a competitive salary and additional incentive opportunities based on individual and company performance. This position interacts with other departments and plays a key role in analyzing key drivers of earnings.

Requirements

• Obtain a Bachelor’s degree
• Have previous valuation experience using AXIS software
• Possess analytical and problem-solving experience within the insurance industry
• Hold an ASA or recent FSA designation (willing to consider a pre-ASA with extensive AXIS experience)
• Demonstrate excellent spreadsheet and technical skills such as SQL coding and programming skills
• Be capable of learning new software and new concepts
• Be a self-starter with the ability to work independently and as part of a team
• Possess strong communication and interpersonal skills

Responsibilities

• Perform quarterly Stat, Tax and GAAP valuations and earning variance analysis using AXIS software
• Prepare monthly, quarterly and annual reports for internal and third-party clients
• Prepare and review SOX controls
• Maintain and improve the valuation and business plan models
• Evaluate and communicate impacts of model updates and improvements
• Develop automation tools for reporting/analysis as needed
• Interact with other departments and individuals within the organization
• Perform other job duties as assigned, including ad hoc management reports

Preferred Qualifications

Have knowledge of annuity products, particularly variable annuity with guaranteed benefits, and annuity regulations

Benefits

• $94,000 - $130,000 a year
• Annual incentive based on individual and Company performance