Actuarial Assistant / Assistant II

Protective Life Corporation; Birmingham (AL); Hybrid; USD 66,000 - 117,000; Full time

Benefits offered by this job

Company-sponsored actuarial exam study

Exam-fee reimbursement

Salary increases tied to exams

Mentorship from actuarial leaders

Rotational development opportunities

Paid actuarial society dues

Job summary

Protective Life Corporation is seeking an Actuarial Assistant or Actuarial Assistant II to join the Universal Life (UL) Valuation Team. This role is part of the Actuarial Student Program, offering hands-on experience and support for actuarial exam progression.

You will partner with valuation actuaries, financial reporting professionals, and cross-functional teams to support accurate valuation and financial reporting of UL products.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• Minimum of two actuarial exams completed.
• Commitment to continued actuarial exam progress.
• Interest in life insurance valuation, financial reporting, and actuarial modeling.

Responsibilities

• Support quarterly valuation and financial reporting processes for Universal Life products.
• Prepare and analyse Statutory, GAAP, and Tax reserves and related financial results.
• Analyse period-over-period financial results, explain key drivers, and document findings.
• Maintain, test, and enhance valuation models and supporting processes.
• Assess impact of model, assumption, and methodology updates on financial results.
• Support regulatory reporting and governance activities.
• Develop analytical tools and reporting solutions to improve efficiency.
• Provide valuation support for new products and strategic initiatives.
• Prepare reports and communications conveying results and recommendations.
• Collaborate with Finance, Financial Reporting, Pricing, Modeling, and other actuarial teams.

Skills

Analytical skills

Excel proficiency

SQL familiarity

Programming (VBA/Python)

Power BI/Tableau

Communication skills

Team collaboration

Detail orientation

Actuarial modeling (PolySystems)

Education

Bachelor's degree in Actuarial Science

Tools

PolySystems

Power BI

Tableau

Job description

The work we do has an impact on millions of lives, and you can be a part of it.

Wehelp protect our customers against life’s uncertainties.Regardless ofwhere you work within thecompany, you’ll behelping provide protection and peace of mind when our customers need it most.

Protective is seeking a motivated and analytical Actuarial Assistant or Actuarial Assistant II to join our Universal Life (UL) Valuation Team. As a member of Protective's Actuarial Student Program, you will gain valuable hands‑on experience while receiving support for actuarial exam progression and professional development. This role offers the opportunity to partner with valuation actuaries, financial reporting professionals, and cross‑functional business teams to support the accurate valuation and financial reporting of Universal Life products.

In this role, you will gain exposure to Statutory, GAAP, and Tax valuation processes, actuarial modeling, financial reporting, reserve analysis, and regulatory reporting. You will contribute to quarterly valuation activities, model enhancements, process improvement initiatives, and the implementation of new products and reporting capabilities. This is an excellent opportunity for individuals interested in developing expertise in life insurance valuation and financial reporting while progressing toward actuarial credentials.

The level and title will be determined based on the selected candidate's actuarial experience, exam progress, and demonstrated capabilities.

Key Responsibilities:

• Support quarterly valuation and financial reporting processes for Universal Life products.
• Prepare and analyse Statutory, GAAP, and Tax reserves and related financial results.
• Analyse period-over-period financial results, explain key drivers, and document findings.
• Maintain, test, and enhance valuation models and supporting processes.
• Assess the impact of model, assumption, and methodology updates on financial results.
• Support actuarial testing, regulatory reporting, and governance activities.
• Develop analytical tools, reporting solutions, and process automation initiatives to improve efficiency.
• Provide valuation support for new products, product enhancements, and other strategic initiatives.
• Prepare reports, exhibits, and documentation to effectively communicate results and recommendations.
• Collaborate with Finance, Financial Reporting, Pricing, Modeling, and other actuarial teams to support business objectives.

Core Competencies (skills, knowledge and abilities):

• Strong analytical and problem‑solving skills with attention to detail.
• Excellent verbal and written communication skills.
• Ability to work collaboratively across teams and manage multiple priorities.
• Strong proficiency in Microsoft Excel.
• Experience with databases and SQL or similar query technologies.
• Programming experience or aptitude with VBA, Python, PowerShell, or similar tools.
• Familiarity with actuarial modeling systems; experience with PolySystems is a plus.
• Knowledge of life insurance valuation concepts and financial reporting frameworks.
• Experience with Power BI, Tableau, Power Query, or similar data visualization and reporting tools is a plus.
• Demonstrated curiosity and desire to understand the drivers of financial performance.

Required Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Minimum of two actuarial exams completed.
• Commitment to continued actuarial exam progress.
• Strong quantitative, analytical, and problem‑solving skills.
• Interest in life insurance valuation, financial reporting, and actuarial modeling.

Preferred Qualifications:

• Four or more actuarial exams completed.
• Significant progress toward Associate of the Society of Actuaries (ASA) designation.
• Actuarial experience in valuation, financial reporting, modeling, pricing, or related analytical functions.
• Experience in the insurance or financial services industry.
• Experience with PolySystems or other actuarial modeling platforms.
• Exposure to Statutory, GAAP, and Tax valuation methodologies.

Actuarial Student Program Benefits

• Company-sponsored study time for actuarial exams and modules.
• Reimbursement for approved exam fees, study materials, and select preparation seminars.
• Competitive exam‑based salary increase opportunities.
• Mentorship and career guidance from experienced actuarial leaders.
• Rotational development opportunities designed to provide broad actuarial and business experience.
• Paid membership dues for key actuarial professional organizations.

$66,000 - $116,500 a year

Protective’s targeted salary range for this position is $66,000 to $116,500. 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.

The internal job title for this position will be Actuarial Assistant or Actuarial Assistant II.

Employee Benefits:

We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program.Work/life balance is important and Protective offers a variety of paid time away benefits ( e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day).The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:

If you require an accommodation to complete the application and recruitment process due to a disability, please [e-mail]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.