Description
The objectives of this position are to support the conversion and implementation of various types of Life and Annuity products and policies from both legacy and acquired systems to our strategic platforms. The Actuary role provides consulting support to the Information Technology (IT) staff and customers; analyzes proposed needs relative to the administration systems and products, analyzes acquired products and policies, evaluates and tests system calculations, develops and maintains tools for calculating, illustrating, and projecting policy performance, influences others in IT and customer areas through teaching and knowledge sharing.
The objectives of this position are to support the conversion and implementation of various types of Life and Annuity products and policies from both legacy and acquired systems to our strategic platforms. The Actuary role provides consulting support to the Information Technology (IT) staff and customers; analyzes proposed needs relative to the administration systems and products, analyzes acquired products and policies, evaluates and tests system calculations, develops and maintains tools for calculating, illustrating, and projecting policy performance, influences others in IT and customer areas through teaching and knowledge sharing.
Job responsibilities:
Review product documentation and policy forms, both determining and documenting requirements for product rules and system modificationsPerform research and analysis of products and provide guidance to other team members that require actuarial support Utilize system and product data to analyze and determine the calculations being performed in administration and illustration systems Perform and support product, modification, and system interface testingCoordinate and manage testing with internal Valuation and Financial Reporting teams, including documenting and tracking bugs and errorsAnalyze errors encountered during the conversion process and assist in determining appropriate resolutionsCompare data and reconciliation balancing differences between systems being converted and the targeted system and identify source(s) of differences Assist in the creation, adoption, and improvement of job aids, tools, and methodologies to support a repeatable conversion and regression testing processManage assigned projects and tasks to meet deadlines; provide weekly status updates Provide documentation for audit purposes and to aid in transferring knowledge to other areasPlans, schedules, and executes multiple concurrent activities while remaining flexible to frequent changesProvide product and production support for products and policies that are implemented/converted onto our administration systems
Requirements:
Post-secondary degree in Actuarial Science, Mathematics, or related field 10+ years supporting life insurance and annuity productsASA designation; Career ASA preferred; (will consider prior actuarial student who has relevant experience and is no longer taking exams)Strong mathematical and problem-solving skill set is requiredAbility to perform in-depth research is requiredMotivated; team-oriented; capable of learning new systems and tools quickly; works well in a dynamic, fast-paced environmentExperience with databases, data analytic/transformation tools, and/or advanced Excel
Protective’s targeted salary range for this position is $81,000 to $130,000. 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.
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