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Protective Life Insurance Company

Actuarial Assistant at Protective Life Insurance Company

Protective Life Insurance Company Birmingham, Alabama

Job Description

The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life's uncertainties. Regardless of where you work within the company, you'll be helping provide protection and peace of mind when our customers need it most.

Protective is seeking an analytical and motivated Actuarial Assistant to join our Employee Benefits Insurance division. This full-time role is part of our Actuarial Student Program, designed to support your professional growth through exam support and hands-on actuarial work. You'll collaborate with a team of actuaries and analysts to drive data-driven insights, support financial reporting, and contribute to pricing and product development initiatives. This is an excellent opportunity for early-career actuarial professionals who are passionate about insurance, data, and continuous learning.

Key Responsibilities:

  • Analyze and query data from various sources to support both routine and ad-hoc actuarial analysis
  • Prepare monthly reserves and financial reports across multiple products
  • Assist in developing experience studies and financial projections
  • Generate rates for underwriting systems using established models
  • Support regulatory filings, pricing of new products, and maintenance of actuarial databases
  • Collaborate with cross-functional teams including Finance, Claims, IT, Sales, and Underwriting
  • Document assumptions, processes, and results to meet audit and governance standards
  • Present findings and recommendations to actuarial leadership
  • Actively participate in the Actuarial Student Program, including exam progress and professional development
  • Mentor and support onboarding of new team members

Skills, Abilities & Knowledge Required:

  • Strong technical skills in Microsoft Excel
  • Experience with databases (e.g., SQL, Microsoft Access)
  • Programming knowledge, ideally including Visual Basic for Applications (VBA)
  • Excellent written communication and business writing skills
  • Strong interpersonal skills and ability to work effectively in a team environment
  • Ability to manage multiple priorities and meet deadlines

Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
  • Completion of at least 2 actuarial exams administered by the Society of Actuaries (SOA)
  • Prior internship or work experience in an actuarial or data-focused role is a plus
Protective's targeted salary range for this position is $64,500 to $77,500. 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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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 [email protected]. 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.

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