The objectives of this position are to support the conversion and implementation of various types of Life and Annuity products and policies from both legacy and acquired systems to our strategic platforms. The Actuary role provides consulting support to the Information Technology (IT) staff and customers; analyzes proposed needs relative to the administration systems and products, analyzes acquired products and policies, evaluates and tests system calculations, develops and maintains tools for calculating, illustrating, and projecting policy performance, influences others in IT and customer areas through teaching and knowledge sharing.
Job responsibilities:
- Review product documentation and policy forms, both determining and documenting requirements for product rules and system modifications
- Perform research and analysis of products and provide guidance to other team members that require actuarial support
- Utilize system and product data to analyze and determine the calculations being performed in administration and illustration systems
- Perform and support product, modification, and system interface testing
- Coordinate and manage testing with internal Valuation and Financial Reporting teams, including documenting and tracking bugs and errors
- Analyze errors encountered during the conversion process and assist in determining appropriate resolutions
- Compare data and reconciliation balancing differences between systems being converted and the targeted system and identify source(s) of differences
- Assist in the creation, adoption, and improvement of job aids, tools, and methodologies to support a repeatable conversion and regression testing process
- Manage assigned projects and tasks to meet deadlines; provide weekly status updates
- Provide documentation for audit purposes and to aid in transferring knowledge to other areas
- Plans, schedules, and executes multiple concurrent activities while remaining flexible to frequent changes
- Provide product and production support for products and policies that are implemented/converted onto our administration systems
Requirements:
- Post-secondary degree in Actuarial Science, Mathematics, or related field
- 10+ years supporting life insurance and annuity products
- ASA designation; Career ASA preferred; (will consider prior actuarial student who has relevant experience and is no longer taking exams)
- Strong mathematical and problem-solving skill set is required
- Ability to perform in-depth research is required
- Motivated; team-oriented; capable of learning new systems and tools quickly; works well in a dynamic, fast-paced environment
- Experience with databases, data analytic/transformation tools, and/or advanced Excel
Protective’s targeted salary range for this position is $81,000 to $130,000. 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 Protective’s total compensation package for employees.
This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.
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What We Do
Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. Protective traces its roots to its flagship company founded in 1907, Protective Life Insurance Company. Throughout its more than 110-year history, Protective’s growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing — for its employees, distributors and, most importantly, its customers. Protective’s home office is located in Birmingham, Alabama, and its 3,000+ employees work across the United States. As of June 30, 2020, Protective had assets of approximately $123 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings,
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