Associate Actuary / Actuary - Life Product
About The Position
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 lifeâs uncertainties. Regardless of where you work within the company, youâll be helping provide protection and peace of mind when our customers need it most. Protective Life is seeking an Associate Product Actuary or Product Actuary to join our growing Product Development team within our Protection division. This role is ideal for an experienced and credentialed actuary who enjoys product innovation, financial modeling, and crossâfunctional collaboration. As a key contributor, you will partner with product management, competitive intelligence, and implementation teams to modernize and enhance life insurance product offeringsâprimarily Variable Universal Life (VUL). You will apply bestâpractice pricing techniques, ensure adherence to internal Pricing Standards, help shape strategic product initiatives, and communicate findings to leaders across the business.
Requirements
- Strong life product pricing and modeling expertise
- Financial modeling proficiency across Stat and GAAP frameworks
- Ability to interpret, analyze, and explain complex actuarial results
- Understanding of Universal Life, Indexed Universal Life, or Variable Universal Life products
- Clear and effective communicator with both actuarial and nonâactuarial stakeholders
- Ability to influence decisions through insights and dataâdriven recommendations
- Collaborative mindset and willingness to guide junior team members
- Bachelorâs degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Associate (ASA) or Fellow of the Society of Actuaries (FSA) with current Continuing Professional Development compliance.
- 5+ years of actuarial experience, including 3+ years in life insurance pricing or a closely related function
- Demonstrated modeling expertise and ability to evaluate financial results.
- Ability to present results clearly to varied audiences.
Nice To Haves
- Experience with Universal Life, VUL, or IUL preferred.
- Experience with Principles-Based Reserving (PBR) preferred.
- Experience with MGâALFA preferred.
Responsibilities
- Lead or support the pricing, design, and development of life insurance productsâprimarily VUL, with opportunities to support other product lines as assigned.
- Model and analyze Statutory (Stat) and Generally Accepted Accounting Principles (GAAP) financial cash flows and assess associated product risks.
- Ensure strong model governance, controls, and documentation, with full adherence to internal Pricing Standards.
- Develop and deliver clear, decisionâdriving actuarial presentations for management and crossâfunctional partners.
- Collaborate with the Competitive Intelligence team to secure and utilize market data needed for product evaluation and development.
- Contribute to crossâfunctional projects including product implementation, legal/filing work, inâforce management, systems alignment, marketing support, and reinsurance analysis.
- Support acquisition due diligence and integration efforts where applicable.
- Demonstrate integrity through adherence to Actuarial Standards of Practice (ASOPs).
- Mentor junior team members and foster a collaborative, highâperforming team environment.
Benefits
- comprehensive health, dental and vision insurance
- emotional wellbeing through mental health benefits and an employee assistance program
- paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day)
- contributions to healthcare accounts
- a pension plan
- a 401(k) plan with Company matching
- ProHealth Rewards, Protectiveâs platform to improve wellbeing while earning cash rewards
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
