Full-Time
Actuarial Assistant II
Remote
Confirmed live in the last 24 hours
Protective Life
1,001-5,000 employees
Provides financial planning and life insurance services
Compensation Overview
$76k - $100kAnnually
Junior, Mid
Remote in USA
- 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
- 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 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'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.