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    Actuary / Associate Actuary- Capital Planning at Protective Life Insurance Company
                                
                                    
                                    Protective Life Insurance Company
                                
                                
                                                                    
                                        
                                        Birmingham, Alabama
                                    
                                
                                                            
                        
                                    
                                    Information Technology
                                
                                                                                        
                                    
                                    Posted 2 days ago
                                
                                                    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 a strategic and analytical Capital Planning Actuary or Associate Actuary to join our Capital Planning division. This high-impact role will lead the development, projection, and analysis of key capital metrics including the Economic Solvency Ratio (ESR), Japan Insurance Capital Standard (J-ICS), and Japan Aggregation Method (J-AM). As a key member of our Finance team, you'll help drive clarity and direction for senior leadership and the board through insightful capital analysis and planning.
This position offers the opportunity to collaborate across multiple departments-Asset-Liability Management, Treasury, Accounting, Product Development, Enterprise Risk Management (ERM), and Financial Actuarial-and contribute to initiatives that enhance our capital efficiency and strategic decision-making.
Key Responsibilities:
- Lead semi-annual calculation and analysis of ESR and J-ICS, providing insights into capital drivers.
 - Partner with Accounting to support annual J-AM calculations and analysis.
 - Maintain and enhance short- and long-term projections of ESR and J-ICS, helping leadership understand the impact of strategic decisions.
 - Collaborate with Daiichi liaisons and the Daiichi NY team to refine ESR frameworks.
 - Serve as a key contributor to the Capital Management Committee, presenting historical trends and future projections.
 - Drive initiatives to improve capital efficiency across the organization.
 - Manage and mentor a team of actuarial students, supporting their professional development.
 
Skills, Abilities & Knowledge Required:
- Deep understanding of life and annuity actuarial concepts.
 - Familiarity with economic capital framework and international capital standards.
 - Strong analytical and problem-solving skills.
 - Advanced Excel and data management capabilities.
 - Ability to communicate complex actuarial concepts in clear, actionable terms.
 - Proven ability to collaborate across departments and lead through change.
 
Qualifications:
- Bachelor's degree in Actuarial Science, Finance, or a related field.
 - Fellow of the Society of Actuaries (FSA) preferred, Associate of the Society of Actuaries (ASA) required.
 - 8+ years of experience in the life insurance industry preferred.
 - Experience with capital planning, financial modeling, or strategic finance is a plus.
 
Protective's targeted salary range for this position is $94,000 to $165,000. 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.
#LI-AP1
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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