Associate Actuary- ERM Risk Analytics

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Overview

The job opportunity is for an Associate Actuary within the Enterprise Risk Management (ERM) team at Protective. This team plays a crucial role in the management, monitoring, reporting, and oversight of risks at an organizational level, focusing on various aspects of financial stability. The position is integral for developing and producing key metrics related to risk management practices and policies.

Responsibilities

The Associate Actuary will support the development and production of several risk metrics including:

  • Embedded Value
  • Economic Solvency Ratio
  • Value of New Business
  • Insurance Capital Standard

The candidate will be involved in activities supporting the Own Risk and Solvency Assessment (ORSA), participating in annuity pricing and product reviews, as well as validating actuarial models. Additional responsibilities include conducting ad hoc analysis and project requests while supporting project planning initiatives.

Required Qualifications

To qualify for this position, candidates should demonstrate the following:

  • A minimum of 5+ years relevant work experience in life or annuity modeling.
  • An Associate (ASA) designation or progress towards this certification.
  • A solid understanding of actuarial regulations pertaining to life and annuity products.
  • Proficient project management skills, showcasing the ability to adjust work priorities and deadlines according to shifting business requirements.

Preferred Qualifications

Although not mandatory, the following qualifications are favored:

  • Experience in annuity pricing and valuation
  • Familiarity with Embedded Value (EV) and Economic Capital (EC) concepts
  • Exposure to industry-standard valuation and projection software, specifically PolySystems and/or GGY AXIS.

Salary and Compensation

Protective has established a targeted salary range for this Associate Actuary position between $92,000 and $135,000. Actual salaries may vary based on individual skills, experience, and job location. It's worth noting that this salary range is just one aspect of Protective's comprehensive compensation package, which can also include additional incentives based on both individual and company performance. Candidates should further inquire about cash compensation opportunities associated with sales incentive plans (SIP) during the interview process.



Skills Required

This position requires a mix of both technical and communication skills, as the role involves significant interaction with various key functional areas such as:

  • Inforce projections
  • Valuation
  • Pricing
  • Asset Liability Management (ALM)
  • Investment and financial planning & analysis

The Associate Actuary must have the ability to communicate effectively across departments, enhancing project collaboration and delivering on risk management goals.

Company Profile

Protective is a recognized entity in the insurance sector, committed to creating value for its clients through effective risk management strategies. The work culture at Protective promotes professional growth and values the contributions of each employee, making it an attractive place for actuaries to further their careers.

Job Location

The Associate Actuary position is location-restricted to the United States, making it ideal for candidates residing within the country or those willing to work remotely. The location determination adds a layer of convenience for applicants who seek employment with a reputable company within their geographical area.

Conclusion

This job offer presents a promising opportunity for qualified actuaries looking to work in a dynamic environment focused on risk assessment and management. The position at Protective not only offers a competitive salary but also provides a supportive framework for career advancement and personal development.



This job offer was originally published on himalayas.app

Protective

United States

Data analysis

Full-time

January 31, 2025

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This job offer summary has been generated using automated technology. While we strive for accuracy, it may not always fully capture the nuances and details of the original job posting. We recommend reviewing the complete job listing before making any decisions or applications.