Actuarial Assistant - Retail Product

Protective • Cincinnati, OH

3d • $78,000 - $100,000

About The Position

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 Retail Product Actuarial Assistant to join our Retirement division. In this role, you will support the development and pricing of variable annuity products and other retail offerings. You’ll work closely with the lead product actuary to ensure new products align with our financial goals, marketing objectives, and risk appetite. This position offers the opportunity to contribute to actuarial modeling, pricing analysis, and InForce product management while collaborating with cross-functional teams to deliver innovative solutions to the market.

Requirements

• Strong analytical and problem-solving skills.
• Ability to interpret and analyze complex data sets.
• Excellent communication skills for both technical and non-technical audiences.
• Collaborative mindset with the ability to work effectively across teams.
• Detail-oriented and results-driven approach.
• Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related field.
• Minimum of 2 actuarial exams passed.
• 2+ years of industry experience preferred; annuity pricing or valuation experience is ideal.
• Experience with automation tools and process improvement is a plus.
• Proficiency in actuarial modeling; experience with GGY Axis preferred.

Responsibilities

• Assist in product development and pricing for variable annuities and other retail products.
• Perform robust and timely pricing analysis using actuarial modeling best practices (currently utilizing GGY Axis).
• Maintain and update actuarial pricing models and documentation.
• Analyze experience data, including demographics, mortality, and lapse trends.
• Automate processes to improve efficiency and reduce errors.
• Collaborate with product strategy and other stakeholders to ensure products meet target market needs, including supporting administration and illustration system builds.

Benefits

• 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).
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees