Bachelor’s degree in a relevant field., Previous valuation experience using AXIS software., Strong analytical and problem-solving skills within the insurance industry., ASA or recent FSA designation, or pre-ASA with extensive AXIS experience..
Key responsabilities:
Perform quarterly Statutory, Tax, and GAAP valuations and earnings variance analysis using AXIS software.
Prepare monthly, quarterly, and annual reports for internal and third-party clients.
Maintain and improve valuation and business plan models, and develop automation tools for reporting.
Collaborate with other departments and handle ad hoc management reports as assigned.
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Protective has helped people achieve protection and security in their lives for 115 years. Through its subsidiaries, Protective helps more than 12 million people protect what matters most. Protective’s more than 3,700 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities — because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has grown to about $132 billion in assets, as of Dec. 31, 2021. Protective is headquartered in Birmingham, Alabama, and supported by both robust virtual workforce and core sites in Cincinnati and St. Louis. For more information about Protective, visit www.protective.com.
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 variable annuity valuation team and the company’s critical financial reporting obligations. This highly visible position will interact with other departments within the organization and play a key role in analyzing key drivers of earnings through close collaboration with the Finance Department. This position is also responsible for performing Statutory, GAAP and Tax valuation of variable annuities, which lasts about 3 weeks each quarter. The remaining time will be focused on implementation of new products and business process improvements, such as consolidating valuation models, streamlining valuation/projection/reporting processes, and implementation of new regulations.
Job Responsibilities:
Performing quarterly Stat, Tax and GAAP valuations and earning variance analysis using AXIS software
Preparing monthly, quarterly and annual reports for internal and third-party clients
Preparing and reviewing SOX controls
Maintaining and improving the valuation and business plan models
Evaluating and communicating impacts of model updates and improvements
Developing automation tools for reporting/analysis as needed
Interacting with other departments and individuals within the organization
Other job duties as assigned, including ad hoc management reports.
Qualifications:
Bachelor’s degree
Previous valuation experience using AXIS software
Analytical and problem-solving experience within the insurance industry
ASA or recent FSA (willing to consider a pre-ASA with extensive AXIS experience)
Excellent spreadsheet and technical skills such as SQL coding and programming skills
Capable of learning new software and new concepts
Self-starter with ability to work independently and as part of a team
Strong communication and interpersonal skills
Knowledge of annuity products, particularly variable annuity with guaranteed benefits, and annuity regulations is preferred
Required profile
Experience
Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.