Associate Actuary - Projections - Asset and Variable Annuity Projections (Remote)

Description

Protective Life Corporation, headquartered in Birmingham, Alabama, is a life insurance company founded in 1907; with subsidiaries that provide financial services through the production, distribution and administration of a diverse array of insurance and investment products.

The Financial Actuarial Department is currently seeking a Projections Associate Actuary. This role will be responsible for asset model development and variable annuity projections. This role will have heavy interaction with other areas of the company, including ALM team, risk management, corporate planning, accounting and finance. This position will report to the Actuary – Assets, Modeling, and Variable Annuity Projections.

Responsibilities:

Asset projections:

Enhance expertise in the Polysystem asset model and the characteristics of the modeled assets

Collaborate with ERM and ALM teams on asset valuation stresses and the annual updating of model assumptions for projected yields, investment expenses, defaults, and reinvestment mix

Innovate improvements in PolySystems asset modeling functionality

Explain the effects of liability and economic assumptions on modeled asset cashflows

Create reporting tools to support more effective analysis of results

Manage ad hoc projection requests from Accounting, Finance, and Risk areas

Variable Annuity modeling:

Update and validate Variable Annuity AXIS models

Review model outputs and draw conclusions on reasonability and impact

Modeling supports production projects including Cash Flow Testing, strategic business planning, and Economic Solvency Ratio

Streamline model reporting to enhance controls and insights

Qualifications:

4+ years of actuarial experience with focus on projections and financial reporting

Actuarial Associate (ASA) designation

Experience with PolySystems or AXIS valuation and projection software

Strong understanding of fixed assets as well as life insurance and/or annuity products

Experience with Asset/Liability Modeling

Strong knowledge of Statutory valuation methodologies and financial statements

Able to communicate complex actuarial or asset topics to all levels from entry to Chief Actuary

Strong project management skills