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.
The VP Employee Benefits Actuary will be a key contributor to Protective Life’s growing Employee Benefits Business and report to the Senior Vice President and Chief Product Officer of the Retirement Division. This person will lead a team of actuaries and analysts, as well as recruit top talent all with a focus on maintaining our current products via ShelterPoint Life Insurance Company and expanding the Employee Benefits’ business of Protective Life.
The VP Employee Benefits Actuary will have several primary objectives: 1) serve as the Appointed Actuary of ShelterPoint Life Insurance Company, 2) partner effectively with business leadership to modernize and expand product offerings for profitable growth, 3) manage and develop a team of actuaries to execute best practice techniques for assumption setting, financial modeling, and controls, and 4) effectively communicate the actuarial information associated with new and existing initiatives internally and externally to build trust and secure approvals.
Responsibilities
Supervises the preparation and certification of reserves and other actuarial balances for financial statements (Statutory, GAAP, and Tax), exhibits, and regulatory filings
Prepares the annual actuarial opinion and memorandum as Appointed Actuary of company and its subsidiary
Serves on the Employee Benefits leadership team strategically assessing and accomplishing the profitable growth of the business
Leads technical interactions with insurance regulators, in partnership with Government Affairs, as well as independent auditors, external actuarial consultants, and industry organizations
Participates in governance committee meetings and business routines ensuring adherence to proper controls and actuarial best practices
Leads a team of analysts and actuaries, fostering a collaborative and high performing work environment focused on professional growth. This team’s areas of focus include:
Providing actuarial support for insurance product development, pricing, and related regulatory filings
Providing actuarial support for the underwriting function
Providing actuarial support for, and partnering with, FP&A to produce financial projections and analysis.
Developing, maintaining and reviewing experience studies
Interacts with senior finance and accounting staff. Supplies support and analysis as required.
Partner with Government Affairs to educate government officials and support governmental decision-making
Demonstrate high levels of integrity while adhering to Actuarial Standards of Practice
Qualifications
BA/BS Degree in Actuarial Science, Mathematics, Statistics, and/or related major
Fellow of the Society of Actuaries
Member of the American Academy of Actuaries
10+ years of relevant actuarial work experience in the Employee Benefits business lines, with 5+ years of management experience
Excellent communication skills with the ability to articulate complex actuarial topics to actuarial and non-actuarial audiences
Experience managing and developing actuarial talent at multiple levels
Specifically Qualified to serve as the Appointed Actuary for ShelterPoint, with previous Appointed Actuary experience preferred
Life, Short Term Disability, Long Term Disability, Worksite, and Dental employee benefits experience is preferred.
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.
