Associate Actuary - Capital Planning

Protective • Birmingham, AL

90d • $94,000 - $120,000

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 Capital Planning Actuary to join our Finance team. This role plays a critical part in shaping the company’s capital strategy by leading analysis and projections related to the Bermuda Solvency Capital Requirement (BSCR) and Risk-Based Capital (RBC) frameworks. The ideal candidate will bring clarity and insight to senior leadership and the board, helping drive informed decisions that support Protective’s long-term financial health. This position collaborates cross-functionally with teams including asset-liability management, treasury, accounting, product development, enterprise risk management (ERM), and financial actuarial. It offers a unique opportunity to influence capital efficiency and regulatory strategy in a dynamic and growing organization.

Requirements

• Bachelor’s degree in Actuarial Science, Finance, or a related field.
• Associate of the Society of Actuaries (ASA) designation required.
• Minimum of 5 years of relevant experience in the life insurance industry preferred.

Nice To Haves

• Strong understanding of life and annuity actuarial concepts.
• Familiarity with Bermuda capital framework preferred.
• Advanced Excel and data management capabilities.
• Exceptional analytical and problem-solving skills.
• Ability to translate complex calculations into clear, actionable insights.
• Proven collaboration skills across multiple departments.

Responsibilities

• Coordinate the population and lead the analysis of the BSCR template for PL Re, currently reported annually with potential for increased frequency.
• Maintain and enhance short- and long-term projections of BSCR and RBC, providing insights into the impact of strategic decisions.
• Serve as a key contributor to the Capital Management Committee, presenting trends and forecasts.
• Drive initiatives aimed at improving capital efficiency across the organization.
• Analyze and communicate the impact of new regulations on BSCR and RBC capital positions.

Benefits

• Comprehensive health, dental and vision insurance.
• Mental health benefits and an employee assistance program.
• Paid time off, paid parental leave, short-term disability, and a cultural observance day.
• Contributions to healthcare accounts.
• Pension plan.
• 401(k) plan with Company matching.
• ProHealth Rewards platform to improve wellbeing while earning cash rewards.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees