Senior Actuarial Assistant (Remote)

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 an actuarial student for an open position on our modeling team. The selected candidate will be part of a team responsible for in force projection initiatives related to Protective’s life and annuity business that is valued and projected on PolySystems actuarial software. This role will have heavy interaction with the product-specific projection and valuation teams.
Protective Life Corporation was founded 1907 in Birmingham, AL and offers a broad range of life, specialty insurance and investment products. We are a company supported by values. Our growth and success can be largely attributed to our ongoing dedication to serving people and doing the right thing… for our employees, for our distributors, for the communities in which we operate and most importantly, for our customers. We have approximately 3,000 employees located in offices throughout the United States.
For actuarial positions within the Actuarial Program, we aim to develop employees both through completion of actuarial examination and through practical experience. We support employees through the completion of the actuarial examination and credentialing process via competitive paid study time and full coverage of exam expenses (SOA exam fees and exam preparation material). We also provide well-rounded experience via rotations across job functions and product lines.  Eligibility for certain aspects of the Actuarial Program vary by position and are dependent upon the employee staying within good standing with the Actuarial Program. 

Job Duties:

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Perform projections and advanced analytics to support all regulatory and business requirements, including some or all of the following: o    Business plano    Embedded Valueo    Annual cash flow testing and RBC exerciseo    International Capital Standards
Perform projections and advanced analytics related to in force business, which may include: o    Analysis of period over period projection results at a company and product level, explaining, documenting and communicating changes.o    Dynamic validations of projection models at a company and product level.o    Support other areas of the company when question arise about actual experience, reinsurance notices, possible acquisitions, etc.o    Develop tools to support analysis of results more effectively, including implementation of new technology like visual analysis software.
Provide modeling expertise, testing, and analysis for implementing new functionality in models, which may include dynamic assumptions, predictive models, and future point stochastic modeling.
Perform Value of New Business calculation to support Embedded Value reporting, including: o    Working with product-specific projection leaders to build well-defined, controlled processes and procedures for calculating VNB each period.o    Apply analytical tools to enable better understanding of VNB and comparisons to Corporate Goals VNB.o    Create reports, memos and documentation needed to effectively communicate VNB results and explain changes to period over period.

Qualifications:

• Bachelor’s degree
• 3 or more SOA exams passed
• Experience with PolySystems
• Knowledge of Statutory and U.S. GAAP valuation methodologies is a plus
• Excellent verbal and written communication skills
• Ability and curiosity to drill into questions and issues to gain full understanding in order to share insights and explanations
• Able to work well in a collaborative environment
• Experience with SQL and visual analytics software like Power BI or Tableau is a plus.  The ability to learn and adapt to these programs is a requirement

Protective’s targeted salary range for this position is $72,000 to $90,000. 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).
Employee Benefits:  We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing