Full-Time

Actuarial Assistant II

Remote

Posted on 8/28/2024

Protective Life

Protective Life

1,001-5,000 employees

Provides financial planning and life insurance services

Fintech
Financial Services

Compensation Overview

$76k - $100kAnnually

+ Annual Incentive

Junior, Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Communications
Mergers & Acquisitions (M&A)
Data Analysis
Requirements
  • BA/BS Degree in Actuarial Science, Mathematics, Statistics, and/or related major
  • The ideal candidate would have 2-3 years of actuarial experience related to asset/liability modeling, pricing, or financial reporting
  • 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
  • The ability to learn and adapt to these programs is a requirement
Responsibilities
  • Perform projections and advanced analytics to support all regulatory and business requirements, including the following: ·Business Plan·Embedded Value, including Value of New Business·Annual cash flow and RBC testing·International Capital Standards
  • Perform projections and advanced analytics related to in-force business, including: ·Analysis of period-over-period projection results at a company and product level; explaining, documenting, and communicating changes·Dynamic validations of projection models at a company and product level·Support other areas of the company when questions arise about actual experience, reinsurance notices, possible acquisitions, etc.
  • 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
  • Create reports, memos and documentation needed to effectively communicate results and explain changes to period-over period results

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 decisions. The company's goal is to help clients achieve financial security through comprehensive solutions and support.

Company Stage

IPO

Total Funding

N/A

Headquarters

Birmingham, Alabama

Founded

1842

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital insurance solutions drives innovation in the life insurance sector.
  • The rise of fee-based advisory services reshapes the financial planning landscape.
  • Big data analytics allows better risk assessment and personalized insurance products.

What critics are saying

  • Increased competition from digital-first insurance startups could erode market share.
  • Interest rate fluctuations pose a risk to Protective's investment income.
  • Direct-to-consumer insurance models may impact Protective's B2B distribution strategy.

What makes Protective Life unique

  • Protective.com emphasizes excellent customer service and educational resources for informed decision-making.
  • The company offers support and training for financial advisors and insurance agents.
  • Protective.com operates on both B2B and B2C models, reaching diverse client bases.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Mental Health Support

Paid Vacation

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Employee Assistance Program

INACTIVE