Protective Life
We are on a mission to help more people achieve the sense of protection and security they deserve.
Associate Actuary – Life Product
Location
Alabama + 2 moreAll locations: Alabama, Ohio, Missouri
Posted
1 day ago
Salary
$95.5K - $180K / year
Bachelor Degree5 yrs expEnglish
Job Description
• partner with product management, competitive intelligence, and implementation teams to modernize and enhance life insurance product offerings—primarily Variable Universal Life (VUL)
• apply best‑practice pricing techniques
• ensure adherence to internal Pricing Standards
• help shape strategic product initiatives
• communicate findings to leaders across the business
• lead or support the pricing, design, and development of life insurance products
• model and analyze Statutory (Stat) and Generally Accepted Accounting Principles (GAAP) financial cash flows and assess associated product risks
• ensure strong model governance, controls, and documentation
• develop and deliver clear, decision‑driving actuarial presentations for management and cross‑functional partners
• collaborate with the Competitive Intelligence team to secure and utilize market data needed for product evaluation and development
• contribute to cross‑functional projects including product implementation, legal/filing work, in‑force management, systems alignment, marketing support, and reinsurance analysis
• support acquisition due diligence and integration efforts where applicable
• demonstrate integrity through adherence to Actuarial Standards of Practice (ASOPs)
• mentor junior team members and foster a collaborative, high‑performing team environment
Job Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Associate (ASA) or Fellow of the Society of Actuaries (FSA) with current Continuing Professional Development compliance.
- 5+ years of actuarial experience, including 3+ years in life insurance pricing or a closely related function
- Demonstrated modeling expertise and ability to evaluate financial results.
- Ability to present results clearly to varied audiences.
- Experience with Universal Life, VUL, or IUL preferred.
- Experience with Principles-Based Reserving (PBR) preferred.
- Experience with MG-ALFA preferred.
Benefits
- comprehensive health, dental and vision insurance
- mental health benefits
- employee assistance program
- paid time off
- paid parental leave
- short-term disability
- cultural observance day
- contributions to healthcare accounts
- pension plan
- 401(k) plan with Company matching
- ProHealth Rewards platform to improve wellbeing while earning cash rewards