Actuarial Assistant II- Retail Product

Protective Life; Cincinnati (OH); On-site; USD 78,000 - 100,000; Full time

Benefits offered by this job

Comprehensive health, dental, and vision insurance

Mental health benefits

401(k) plan with company matching

Job summary

A leading insurance company is seeking an Actuarial Assistant II in Cincinnati, OH, to join their Retail Product team. This role involves supporting the development and pricing of variable annuity products. Candidates should have a bachelor's degree in Actuarial Science or related fields, some actuarial exams passed, and analytical skills to interpret complex data sets. The position offers a salary range of $78,000 to $100,000 per year along with a comprehensive benefits package.

Qualifications

• Minimum of 2 actuarial exams passed.
• 2+ years of industry experience preferred; annuity pricing or valuation experience is ideal.
• Experience with automation tools and process improvement is a plus.

Responsibilities

• Assist in product development and pricing for variable annuities and other retail products.
• Perform robust and timely pricing analysis using actuarial modeling best practices.
• Maintain and update actuarial pricing models and documentation.

Skills

Strong analytical and problem-solving skills

Ability to interpret and analyze complex data sets

Excellent communication skills for both technical and non-technical audiences

Collaborative mindset

Detail-oriented and results-driven approach

Education

Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related field

Tools

GGY Axis

Job description

Actuarial Assistant II - Retail Product

Join Protective Life as an Actuarial Assistant II in our Retail Product team.

This range is provided by Protective Life. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$78,000.00/yr - $100,000.00/yr

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 life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most. Protective is seeking a Retail Product Actuarial Assistant II to join our Retirement division. In this role, you will support the development and pricing of variable annuity products and other retail offerings. You’ll work closely with the lead product actuary to ensure new products align with our financial goals, marketing objectives, and risk appetite. This position offers the opportunity to contribute to actuarial modeling, pricing analysis, and InForce product management while collaborating with cross-functional teams to deliver innovative solutions to the market.

Key Responsibilities

• Assist in product development and pricing for variable annuities and other retail products.
• Perform robust and timely pricing analysis using actuarial modeling best practices (currently utilizing GGY Axis).
• Maintain and update actuarial pricing models and documentation.
• Analyze experience data, including demographics, mortality, and lapse trends.
• Automate processes to improve efficiency and reduce errors.
• Collaborate with product strategy and other stakeholders to ensure products meet target market needs, including supporting administration and illustration system builds.

Skills, Abilities, and Knowledge Required

• Strong analytical and problem‑solving skills.
• Ability to interpret and analyze complex data sets.
• Excellent communication skills for both technical and non‑technical audiences.
• Collaborative mindset with the ability to work effectively across teams.
• Detail‑oriented and results‑driven approach.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related field.
• Minimum of 2 actuarial exams passed.
• 2+ years of industry experience preferred; annuity pricing or valuation experience is ideal.
• Experience with automation tools and process improvement is a plus.
• Proficiency in actuarial modeling; experience with GGY Axis preferred.

This role is part of Protective’s Actuarial Student Program. Participants in the Student Program are eligible for exam support, study hours, and bi‑annual rotation.

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 (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 email [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.

Equal Opportunity Employer

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

Use of AI Tools

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

Protective’s targeted salary range for this position is $78,000 to $100,000. 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.

Seniority level

Not Applicable

Employment type

Full‑time

Job function

Finance and Sales

Industry

Insurance