Actuarial Assistant / Assistant II

Protective • Birmingham, AL

1d • Onsite

About The Position

Protective is seeking a motivated and analytical Actuarial Assistant or Actuarial Assistant II to join our Universal Life (UL) Valuation Team. As a member of Protective's Actuarial Student Program, you will gain valuable hands-on experience while receiving support for actuarial exam progression and professional development. This role offers the opportunity to partner with valuation actuaries, financial reporting professionals, and cross-functional business teams to support the accurate valuation and financial reporting of Universal Life products. In this role, you will gain exposure to Statutory, GAAP, and Tax valuation processes, actuarial modeling, financial reporting, reserve analysis, and regulatory reporting. You will contribute to quarterly valuation activities, model enhancements, process improvement initiatives, and the implementation of new products and reporting capabilities. This is an excellent opportunity for individuals interested in developing expertise in life insurance valuation and financial reporting while progressing toward actuarial credentials. The level and title will be determined based on the selected candidate's actuarial experience, exam progress, and demonstrated capabilities.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Minimum of two actuarial exams completed.
• Commitment to continued actuarial exam progress.
• Strong quantitative, analytical, and problem-solving skills.
• Interest in life insurance valuation, financial reporting, and actuarial modeling.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent verbal and written communication skills.
• Ability to work collaboratively across teams and manage multiple priorities.
• Strong proficiency in Microsoft Excel.
• Experience with databases and SQL or similar query technologies.
• Programming experience or aptitude with VBA, Python, PowerShell, or similar tools.

Nice To Haves

• Familiarity with actuarial modeling systems; experience with PolySystems is a plus.
• Knowledge of life insurance valuation concepts and financial reporting frameworks.
• Experience with Power BI, Tableau, Power Query, or similar data visualization and reporting tools is a plus.
• Demonstrated curiosity and desire to understand the drivers of financial performance.
• Four or more actuarial exams completed.
• Significant progress toward Associate of the Society of the Actuaries (ASA) designation.
• Actuarial experience in valuation, financial reporting, modeling, pricing, or related analytical functions.
• Experience in the insurance or financial services industry.
• Experience with PolySystems or other actuarial modeling platforms.
• Exposure to Statutory, GAAP, and Tax valuation methodologies.

Responsibilities

• Support quarterly valuation and financial reporting processes for Universal Life products.
• Prepare and analyze Statutory, GAAP, and Tax reserves and related financial results.
• Analyze period-over-period financial results, explain key drivers, and document findings.
• Maintain, test, and enhance valuation models and supporting processes.
• Assess the impact of model, assumption, and methodology updates on financial results.
• Support actuarial testing, regulatory reporting, and governance activities.
• Develop analytical tools, reporting solutions, and process automation initiatives to improve efficiency.
• Provide valuation support for new products, product enhancements, and other strategic initiatives.
• Prepare reports, exhibits, and documentation to effectively communicate results and recommendations.
• Collaborate with Finance, Financial Reporting, Pricing, Modeling, and other actuarial teams to support business objectives.

Benefits

• Company-sponsored study time for actuarial exams and modules.
• Reimbursement for approved exam fees, study materials, and select preparation seminars.
• Competitive exam-based salary increase opportunities.
• Mentorship and career guidance from experienced actuarial leaders.
• Rotational development opportunities designed to provide broad actuarial and business experience.
• Paid membership dues for key actuarial professional organizations.
• Comprehensive health, dental and vision insurance.
• Mental health benefits.
• Employee assistance program.
• Paid time off.
• Paid parental leave.
• Short-term disability.
• Cultural observance day.
• Contributions to healthcare accounts.
• Pension plan.
• 401(k) plan with Company matching.
• ProHealth Rewards.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level