Actuary/Associate Actuary

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 Life is seeking an experienced Actuary or Associate Actuary to join our team supporting PL Re, an affiliate company within the Protective Life group. While PL Re is based in Bermuda, this remote position is located in the United States and requires U.S. work authorization. In this role, you will provide actuarial support across pricing, valuation, modeling, and reporting, as well as contribute to financial analysis, asset-liability management (ALM), capital planning, and regulatory reporting. Reporting to the PL Re Chief Actuary, you will play a critical role in ensuring financial accuracy, capital adequacy, and risk management.

Key Responsibilities

• Support pricing and risk analysis for PL Re reinsurance transactions
• Maintain and update actuarial models in compliance with change management procedures
• Perform quarterly valuation, including reserve calculations, attributions, and management reporting
• Conduct Scenario-Based Analysis (SBA) and calculate components for the economic balance sheet
• Complete actuarial components for quarterly and annual reporting to the Bermuda Monetary Authority
• Analyze policyholder behavior to validate best estimate assumptions across scenarios
• Monitor emerging regulatory issues and update models and controls accordingly
• Model PL Re liabilities and assets for strategic planning, solvency ratio, and duration analysis
• Collaborate with Capital Planning and ALM teams to optimize SBA results and capital strategies
• Respond to inquiries from external auditors, Approved Actuaries, and regulators
• Build strong partnerships with accounting, FP&A, product, audit, and risk management teams
• Maintain actuarial controls and process documentation
• Perform other ad hoc projects as needed
  
  
  

Skills, Abilities & Knowledge Required

• Strong analytical and problem-solving skills with attention to detail
• Ability to communicate complex actuarial concepts clearly across all organizational levels
• Proficiency in actuarial modeling software (PolySystems preferred) and general programming skills
• Knowledge of financial reporting and solvency regimes: U.S. GAAP, U.S. Statutory, U.S. tax, and ideally Bermuda frameworks
• Familiarity with valuation process design, controls, and automation
• Ability to manage multiple projects and meet tight deadlines
  
  
  

Qualifications

• Bachelor’s degree in mathematics, statistics, actuarial science, or related field
• Associate of the Society of Actuaries (ASA) or equivalent designation required
• Fellow of the Society of Actuaries (FSA) or equivalent designation highly preferred
• Minimum 4 years of relevant actuarial experience, preferably in annuity reinsurance and asset modeling
• Experience in pricing and valuation of life and annuity products strongly preferred
  
  
  

Employee Benefits:

We aim to protect the wellbeing of our employees and their families with a broad benefits offering. 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). The financial health of our employees is just as important as physical and emotional health. 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.

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:

If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

Protective’s targeted compensation for this position is $94k-$180k. 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. This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.