Job Description
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 Emerging Issues Actuary will report to the Vice President, Emerging Issues Actuary. This team will have heavy interaction with the Government Affairs, Accounting, Product Development and Risk areas, collaborating on all facets of emerging issues and the impact to the company.
The Emerging Issues Actuary will have several primary objectives: 1) Become aware of emerging issues by monitoring the environment and communicating with Government Affairs, 2) Coordinate impact analysis by prioritizing needs and securing resources as appropriate, and 3) Coordinate the implementation of adopted issues with the Valuation leader and team.
For actuarial positions within the Actuarial Program, we aim to develop employees both through completion of actuarial examination and through practical experience. We support employees through the completion of the actuarial examination and credentialing process via competitive paid study time and full coverage of exam expenses (SOA exam fees and exam preparation material). We also provide well-rounded experience via rotations across job functions and product lines.
Eligibility for certain aspects of the Actuarial Program vary by position and are dependent upon the employee staying within good standing with the Actuarial Program.
Responsibilities:
- Research and understand emerging valuation issues and communicate concerns to Government Affairs, Accounting, and other interested areas
o Includes Statutory, Tax, GAAP, and International issues
o Current areas of immediate concern include IFRS, PBR, and ICS
- Participate in industry working groups and attend meetings as appropriate and as coordinated with Government Affairs and other areas
- Analyze financial impact of emerging issues as appropriate
o Includes coordinating impact studies and field tests
- Look ahead to assess potential impacts of emerging issues on the Financial Actuarial area’s technology and people resources, and create a vision and plan for meeting the future requirements.
- Coordinate implementation across all Financial Actuarial product-specific teams of new requirements/regulations on a timely basis
- Research, propose and support implementation of new and transformative technology needed to support new requirements and regulations.
- Collaborate with Financial Actuarial teams to assess and plan for needed human resources to support future emerging issues.
- Provide expert guidance to the teams related to PBR issues, including tracking and communicating changes to the Valuation Manual each year.
- Perform other duties as assigned
Qualifications:
- 10+ years of diversified actuarial experience with focus on valuation and financial reporting
- Strong knowledge of actuarial regulations for life and annuity products
- Actuarial Fellowship (FSA) or Associate (ASA) designation and Member American Academy of Actuaries (MAAA)
- Ability to identify current or proposed issues that are relevant to Protective
- Excellent verbal and written communication skills
- Able to communicate complex actuarial topics to both actuaries and non-actuaries
- Knowledge of PolySystems and/or GGY AXIS valuation and projection software would be ideal
- PBR knowledge is preferred.
- Strong project management skills
Protective’s targeted salary range for this position is $130,000 to $170,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.
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