Vice President, Chief Actuary - Asset Protection

Protective; Birmingham (AL); On-site; USD 275,000 - 350,000; Full time

Benefits offered by this job

Annual incentive

Long Term Incentive (LTI)

Job summary

Protective is seeking an experienced Actuary Leader to provide independent actuarial oversight for asset protection products, oversee pricing and governance, and partner with cross-functional teams to balance growth with risk management.

The role requires 10+ years in P&C actuarial functions, ACAS (FCAS preferred), and expertise in reinsurance, governance, and financial reporting. Competitive base salary with annual and long-term incentives.

Qualifications

• Minimum 10 years of progressively responsible actuarial experience in P&C, specialty, or asset protection insurance, including senior actuarial team leadership.
• ACAS required; FCAS preferred.
• Experience with extended warranty, service contract, GAP, or similar protection products preferred.
• Reinsurance and loss portfolio monitoring experience strongly valued.

Responsibilities

• Provide independent actuarial and risk oversight for APD’s asset protection products; establish credibility as APD’s independent actuarial voice.
• Oversee pricing strategy and performance; challenge models, assumptions, methodologies, and data quality; strengthen governance.
• Partner with Product, Underwriting, Finance, Commercial, Claims, and Operations on risk selection, guidelines, new products, and governance.
• Monitor in-force performance with dashboards and risk indicators; recommend actions to improve outcomes.
• Lead actuarial support for reinsurance strategy; evaluate structures, pricing, capital impact, and exposure.
• Lead reserve adequacy assessments and support capital, stress testing, and financial planning.
• Own P&C actuarial and regulatory reporting; monitor developments and ensure compliant reporting.
• Engage Pricing Committees and senior stakeholders with portfolio insights and actionable recommendations.
• Build and lead a high-performance actuarial organization with integrity and succession depth.

Skills

Actuarial leadership

Pricing

Reserving

Reinsurance

Data governance

Executive decision support

Analytical thinking

Strategic partnerships

Communication to executives

Education

ACAS

FCAS preferred

Job description

Responsibilities

• Provide independent actuarial and risk oversight for APD’s asset protection products, including VSC, GAP, and ancillary offerings; establish credibility as APD’s independent actuarial voice; and preserve professional skepticism while escalating material concerns.
• Oversee pricing strategy and performance across APD lines; challenge models, assumptions, methodologies, and data quality; strengthen pricing, reserve, model, and risk governance; and recommend actions that support profitability, disciplined margins, financial objectives, and APD’s risk appetite.
• Partner with Product, Underwriting, Finance, Commercial, Claims, and Operations on risk selection, guidelines, new products, program governance, portfolio trends, loss drivers, pricing implications, and mitigations that balance growth, capital efficiency, and risk.
• Monitor in-force performance through dashboards and risk indicators, including loss ratios, emergence patterns, frequency and severity trends, and other experience metrics; recommend actions to improve outcomes or rebalance risk.
• Lead actuarial support for reinsurance strategy, evaluating structures, pricing, economic value, capital impact, retention limits, counterparty exposure, performance, and emerging risks to protect earnings and balance-sheet resilience.
• Lead reserve adequacy assessments and support capital, solvency, financial planning, stress testing, and M&A analyses with Finance and Enterprise Risk.
• Own P&C actuarial and regulatory reporting, including reserve analyses, actuarial opinions, and supporting memoranda; monitor relevant developments and ensure timely, accurate, compliant, decision-useful reporting.
• Engage Pricing Committees, the CFO, the Chief Risk Officer, and other senior stakeholders through timely, decision-useful portfolio insights, clear performance reporting, actionable recommendations, and effective enterprise partnerships.
• Build and lead an accountable, high-performance actuarial organization with strong capabilities, clear decision rights, technical standards, disciplined analysis, constructive challenge, continuous improvement, integrity, and succession depth.

Leadership Capabilities

• Applies deep P&C or specialty insurance expertise across pricing, reserving, reinsurance, in-force performance, loss drivers, and portfolio risk.
• Uses strong quantitative, analytical, and problem-solving skills to translate complex actuarial analysis into clear, actionable insights and disciplined decisions.
• Communicates actuarial judgments, uncertainty, and recommendations credibly to executives, governance committees, boards, auditors, regulators, and technical and nontechnical stakeholders.
• Builds trusted, action-oriented partnerships across functions while constructively challenging assumptions and maintaining actuarial independence.
• Develops accountable, high-performance teams and creates alignment through clear communication, effective change leadership, and disciplined execution.
• Brings an enterprise and customer perspective and leads with curiosity, adaptability, resilience, courage, authenticity, and professional integrity.

Requirements

• A minimum of 10 years of progressively responsible actuarial experience in P&C, specialty, or asset protection insurance, including senior actuarial team leadership and experience across pricing, reserving, risk management, financial reporting, regulatory engagement, and executive decision support.
• Associate of the Casualty Actuarial Society (ACAS) required; Fellow of the Casualty Actuarial Society (FCAS) preferred.
• Experience with extended warranty, service contract, GAP, or similar protection products preferred.
• Reinsurance and loss portfolio monitoring experience strongly valued.

$275,000 - $350,000 a year

Protective’s targeted base compensation for this position is $275,000 to $350,000. 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 opportunitiesthrough an annual incentive and Long Term Incentive (LTI) based on individual and Company performance.

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 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.

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