We are seeking an experienced actuary for an open position on the variable annuity valuation team. This person will help drive the overall success of the variable annuity valuation team and the company’s critical financial reporting obligations. This highly visible position will interact with other departments within the organization and play a key role in analyzing key drivers of earnings through close collaboration with the Finance Department. This position is also responsible for performing Statutory, GAAP and Tax valuation of variable annuities, which lasts about 3 weeks each quarter. The remaining time will be focused on implementation of new products and business process improvements, such as consolidating valuation models, streamlining valuation/projection/reporting processes, and implementation of new regulations.
Job Responsibilities:
- Performing quarterly Stat, Tax and GAAP valuations and earning variance analysis using AXIS software
- Preparing monthly, quarterly and annual reports for internal and third-party clients
- Preparing and reviewing SOX controls
- Maintaining and improving the valuation and business plan models
- Evaluating and communicating impacts of model updates and improvements
- Developing automation tools for reporting/analysis as needed
- Interacting with other departments and individuals within the organization
- Other job duties as assigned, including ad hoc management reports.
Qualifications:
- Bachelor’s degree
- Previous valuation experience using AXIS software
- Analytical and problem-solving experience within the insurance industry
- ASA or recent FSA (willing to consider a pre-ASA with extensive AXIS experience)
- Excellent spreadsheet and technical skills such as SQL coding and programming skills
- Capable of learning new software and new concepts
- Self-starter with ability to work independently and as part of a team
- Strong communication and interpersonal skills
- Knowledge of annuity products, particularly variable annuity with guaranteed benefits, and annuity regulations is preferred
Top Skills
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,
