Full-Time

Associate Actuary

Traditional Life Valuation, Remote

Posted on 10/10/2024

Protective Life

Protective Life

1,001-5,000 employees

Provides financial planning and life insurance services

Fintech
Financial Services

Compensation Overview

$92k - $130kAnnually

+ Annual Incentive + Sales Incentive Plan

Junior, Mid

Remote in USA

Category
Insurance
Finance & Banking
Requirements
  • 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.
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

Protective Life provides financial planning and life insurance services aimed at individuals and businesses. The company offers a variety of products, including life insurance policies and retirement planning guides, to help clients secure their financial future. Their services are designed to assist financial advisors, insurance agents, and individual clients in protecting assets and planning for retirement. Protective Life operates through both business-to-business (B2B) and business-to-consumer (B2C) models, partnering with financial professionals while also reaching out directly to clients via their online platform. What sets Protective Life apart from competitors is their focus on excellent customer service and the provision of educational resources, which empower clients and advisors to make informed financial decisions. The company's goal is to help clients achieve financial security through comprehensive solutions and support.

Company Stage

M&A

Total Funding

N/A

Headquarters

Birmingham, Alabama

Founded

1842

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent acquisitions, such as ShelterPoint, expand Protective Life's service offerings and market reach, potentially leading to significant growth.
  • The launch of new products like the advisory variable universal life product on FireLight demonstrates the company's commitment to innovation and adapting to market needs.
  • The appointment of experienced leaders to the board and executive team, such as Dom Lebel as Chief Risk Officer, strengthens the company's strategic direction and risk management capabilities.

What critics are saying

  • The integration of newly acquired companies like ShelterPoint may present operational challenges and cultural integration issues.
  • The competitive landscape in the financial services and insurance sectors is intense, requiring continuous innovation and differentiation to maintain market position.

What makes Protective Life unique

  • Protective Life's dual B2B and B2C model allows it to effectively reach both financial advisors and individual clients, unlike competitors who may focus on only one segment.
  • The company's strong emphasis on customer service and educational resources sets it apart in the financial services market, providing clients with the tools and knowledge to make informed decisions.
  • Protective Life's integration with platforms like FireLight for digital sales and submission processes enhances its operational efficiency and ease of use for distributors.

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