Actuary, Risk Management (Remote)

Protective Life; Birmingham (AL); Remote; USD 130,000 - 170,000; Full time

Job summary

An established industry player is seeking a strategic risk management professional to enhance their risk appetite framework. This role involves collaborating with various departments to analyze performance measures, manage actuarial students, and support critical projects like M&A oversight and regulatory compliance. The ideal candidate will possess a strong actuarial background, excellent analytical skills, and a passion for delivering solutions that meet customer needs. Join a team committed to protecting lives and ensuring financial wellbeing while enjoying a comprehensive benefits package and a culture of inclusion and growth.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Plan with Company Matching

Paid Time Off

Employee Assistance Program

Short-term Disability

Paid Parental Leave

Cultural Observance Day

ProHealth Rewards Program

Qualifications

• 8+ years of experience in the life insurance industry preferred.
• Strong analytical and communication skills required.

Responsibilities

• Support M&A oversight and due diligence.
• Lead analysis of the PLRe block and enhance the SRA.
• Collaborate with FP&A and Business Units to assess risks.

Skills

Analytical Skills

Communication Skills

Data Management

Excel

Problem Solving

Actuarial Concepts

Education

Degree in Actuarial Science

Fellow of the Society of Actuaries (FSA)

Job description

Req#: 55718b68-09ba-4ac4-83c4-52668f4f8f0e 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. This role will report to the VP, Risk Management. This role will be responsible for the Company’s strategic risk appetite (SRA) covering key performance measures including earnings, capital, and profitability. The role will partner extensively with ERM members, ERM leadership team, Finance, Corporate Actuarial, and the Business Units. This is a high exposure role and provides the opportunity to collaborate with individuals at all levels across the Company. This position will manage an actuarial student.

Responsibilities:

1. Support Mergers & Acquisition (M&A) oversight and due diligence
2. Lead the analysis of the PLRe block (off-shore reinsurance)
3. Collaborate with the business to understand upcoming regulatory environment changes and its impact on the Company
4. Lead efforts to enhance the SRA
5. Coordinate, manage and communicate analysis of scenario analysis and stress testing to senior management
6. Collaborate with Financial Planning & Analysis (FP&A) and Business Units to understand risks and impact drivers of the business plan
7. Own Economic Solvency Ratio (ESR) and support Insurance Capital Standards (ICS) workstreams
8. Support Annuities related workstreams (pricing review, VM-21, hedging, etc…)

Qualifications, Skills, Knowledge, and Abilities:

1. Degree in actuarial science, finance, or related field
2. FSA required
3. 8+ years of relevant experience in the life insurance industry preferred
4. Working knowledge of Statutory and US GAAP accounting
5. Experience with Embedded Value (EV) analysis
6. Experience analyzing Statutory capital and RBC in the life insurance industry
7. Experience with ESR and ICS preferred
8. Strong excel and data management skills
9. Excellent communication skills with the ability to simplify complex topics
10. Strong analytical skills with proven ability to solve problems
11. Understanding of Life and Annuity actuarial concepts
12. Ability to work collaboratively across functions to obtain information, build consensus and deliver results
13. Passion for delivering solutions that meet customer needs

Protective’s targeted salary range for this position is $130,000 to $170,000. 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. This position also offers additional incentive opportunities [through an annual incentive based on individual and Company performance].

Employee Benefits:

We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through 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.

Diversity and Inclusion:

At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities. We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent. We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.

About the company

Protective Life Corporation is a financial service holding company in Birmingham, Alabama.