Derivative Lead Analyst / Analyst II - Portfolio Management

Protective•Birmingham, AL

1d•$79,500 - $120,000•Onsite

About The Position

The Derivative Analyst II or Lead Analyst plays a key role on the Derivatives team, supporting portfolio management and risk management for insurance liabilities. This position is ideal for a quantitatively minded professional with strong capital markets and technical skills who is interested in building, maintaining, and improving derivative hedging models and systems. The role offers exposure to senior leadership, hands-on analytical responsibility, and the opportunity to grow into direct portfolio ownership over time.

Requirements

Bachelor’s degree in a quantitative or technical discipline such as finance, mathematics, engineering, actuarial science, computer science, or a related field.
Experience with analytics or modeling, preferably in a financial, derivatives, quantitative, or actuarial context.
Demonstrated interest in capital markets and risk management.
Strong communication skills and a collaborative working style.
Ability to work in an in-office environment.

Nice To Haves

Advanced degree (MS, MBA, etc).
Experience with asset management, capital markets, or derivatives modeling.
Actuarial science background or actuarial designation.
Understanding of fixed income securities, derivatives, insurance liabilities, and risk management.
Coding experience, preferably in Python and SQL; experience with C++, C#, R, or similar languages is highly preferred.
Experience working with or supporting senior leadership.
Interest in progressing toward portfolio ownership and broader investment responsibility over time.

Responsibilities

Support derivative hedging programs across variable annuity (VA), fixed indexed annuity (FIA), and other insurance products.
Develop expertise in derivatives capital markets, including the design and execution of hedging strategies.
Build, modify, and maintain models and systems used for portfolio management and risk management.
Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design and operation.
Perform ad hoc research and analysis in support of hedging and portfolio decisions.
Provide data, analysis, and reporting to internal stakeholders as needed.
Interpret internal and external issues and recommend solutions or best practices.
Communicate analysis and results to senior staff and leadership.
Participate in training, professional development, and ongoing learning related to derivatives, capital markets, and technology.
Contribute to project-based work supporting enhancements to models, systems, and processes.