Associate Actuary - Variable Annuity Valuation (Remote)

Protective Life Insurance Company; United States; Remote; USD 94,000 - 130,000; Full time

Job summary

Join a forward-thinking company dedicated to protecting customers against life's uncertainties. As an actuary in the variable annuity valuation team, you will play a pivotal role in financial reporting and analysis, utilizing your expertise in AXIS software. This position offers a unique opportunity to enhance business processes, implement new products, and collaborate across departments. With a competitive salary and comprehensive benefits, this role not only promises professional growth but also the chance to make a meaningful impact on millions of lives. If you're self-motivated and eager to contribute to a dynamic team, this is the perfect opportunity for you.

Benefits

Health insurance

Dental insurance

Vision insurance

Mental health support

Paid time off

Parental leave

Disability coverage

Healthcare accounts

Pension plan

401(k) with matching

Qualifications

• Experience in valuation with AXIS software in the insurance industry.
• Strong analytical and problem-solving skills.

Responsibilities

• Perform quarterly valuations and variance analysis using AXIS software.
• Prepare reports for internal and external stakeholders.
• Collaborate with other departments and team members.

Skills

Analytical skills

Problem-solving

AXIS software

SQL coding

Spreadsheet skills

Communication skills

Education

Bachelor's degree

ASA or recent FSA designation

Tools

AXIS software

Job description

Job Description

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.

We are seeking an experienced actuary for an open position on the variable annuity valuation team. This person will help drive the overall success of the team and support the company's critical financial reporting obligations. This highly visible position will interact with various departments and play a key role in analyzing earnings drivers through collaboration with the Finance Department. Responsibilities include performing quarterly Statutory, GAAP, and Tax valuation of variable annuities, focusing about 3 weeks each quarter on these tasks. The remaining time will be dedicated to implementing new products, business process improvements, consolidating valuation models, streamlining processes, and regulatory compliance.

Job Responsibilities

1. Perform quarterly Statutory, Tax, and GAAP valuations and variance analysis using AXIS software.
2. Prepare reports for internal and external stakeholders on a monthly, quarterly, and annual basis.
3. Review and maintain SOX controls.
4. Enhance valuation and business planning models.
5. Assess and communicate impacts of model updates.
6. Develop automation tools for reporting and analysis.
7. Collaborate with other departments and team members.
8. Perform ad hoc management reports and other duties as assigned.

Qualifications

• Bachelor's degree.
• Valuation experience with AXIS software.
• Analytical skills and problem-solving experience in the insurance industry.
• ASA or recent FSA designation (pre-ASA candidates with extensive AXIS experience considered).
• Strong skills in spreadsheets, SQL coding, and programming.
• Ability to learn new software and concepts quickly.
• Self-motivated with the ability to work independently and in teams.
• Excellent communication and interpersonal skills.
• Knowledge of annuity products, especially variable annuities with guaranteed benefits, and related regulations is preferred.

Compensation and Benefits

Salary range: $94,000 to $130,000, depending on location, skills, and experience. Additional incentives are available based on performance.

Our benefits include health, dental, vision, mental health support, paid time off, parental leave, disability coverage, healthcare accounts, pension, 401(k) with matching, and wellbeing programs.

Application Process and Additional Information

If you require accommodations due to a disability, please email [e-mail]. This email is for disability accommodations only. We are committed to diversity and inclusion and are an equal opportunity employer.