Associate Actuary - Traditional Life Valuation (Remote)

Posted 2 Days Ago
Be an Early Applicant
Hiring Remotely in Home, PA
Remote
92K-130K Annually
1-3 Years Experience
Insurance
The Role
The Associate Actuary position involves performing quarterly projections, maintaining and improving valuation models, designing and analyzing model updates, and collaborating with various departments. Key responsibilities include analyzing key drivers of earnings and contributing to financial reporting obligations.
Summary Generated by Built In

The work we do has an impact on millions of lives, and you can be a part of it.

We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.


We are seeking ASA or near ASA level Actuarial candidates for an open valuation position on the Traditional Life Valuation Team. The person selected for this role will help drive the overall success of the valuation team and the company’s critical financial reporting obligations. This role will interact with other departments and individuals within the organization and play a key role interacting with Finance by analyzing key drivers of earnings. This position is responsible for performing projections of Traditional Life business using PolySystems software. These responsibilities take up about 3 weeks each quarter. The remainder of the time will be playing an essential role in maintaining our valuation and business plan models, often validating model updates/changes. 

Responsibilities

  • Performing quarterly projections and projected income analysis
  • Maintain and improve the valuation and business plan models
  • Design, implement, and analyze impacts of model updates and improvements
  • Improving processes related to projections
  • Develop new reporting / analysis tools as necessary
  • Work closely with other Valuation and Financial reporting teams
  • Other job duties as assigned, including ad hoc management reports
  • Interact with other departments and individuals within the organization

Required Qualifications/Education

  • Bachelor’s degree
  • Ideal candidate will be an ASA level actuary
  • Experience as an actuary within the insurance industry
  • Previous valuation or projections experience preferred
  • Excellent spreadsheet and technical skills
  • Ability to learn new software
  • Hard working
  • Analytical and inquisitive
  • Ability to work independently or on a team
  • Excellent communication skills
  • Traditional Life Insurance experience is preferred
  • Experience using valuation and projection software. PolySystems software experience is a plus.

Protective’s targeted salary range for this position is $92,000 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] OR [through cash compensation as part of a sales incentive plan (SIP).

Top Skills

Polysystems
The Company
Birmingham, AL
2,912 Employees
On-site Workplace

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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