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Associate Actuary (Remote)

Remote:

Full Remote

Contract:

Full time

Salary:

81 - 130K yearly

Experience:

Expert & Leadership (>10 years)

Work from:

Albania, United Kingdom

Offer summary

Qualifications:

Post-secondary degree in Actuarial Science, Mathematics, or related field, 10+ years supporting life insurance and annuity products, ASA designation; Career ASA preferred, Strong mathematical and problem-solving skills, Experience with databases and data analytic tools.

Key responsabilities:

Review and document product requirements and modifications
Perform research and analysis for actuarial support
Analyze calculations in administration and illustration systems
Coordinate testing with internal teams and manage bugs
Provide documentation and perform product support

Protective Life Insurance Large https://www.protective.com/

1001 - 5000 Employees

See more Protective Life offers

Job description

The objectives of this position are to support the conversion and implementation of various types of Life and Annuity products and policies from both legacy and acquired systems to our strategic platforms. The Actuary role provides consulting support to the Information Technology (IT) staff and customers; analyzes proposed needs relative to the administration systems and products, analyzes acquired products and policies, evaluates and tests system calculations, develops and maintains tools for calculating, illustrating, and projecting policy performance, influences others in IT and customer areas through teaching and knowledge sharing.

Job responsibilities:

Review product documentation and policy forms, both determining and documenting requirements for product rules and system modifications

Perform research and analysis of products and provide guidance to other team members that require actuarial support

Utilize system and product data to analyze and determine the calculations being performed in administration and illustration systems

Perform and support product, modification, and system interface testing

Coordinate and manage testing with internal Valuation and Financial Reporting teams, including documenting and tracking bugs and errors

Analyze errors encountered during the conversion process and assist in determining appropriate resolutions

Compare data and reconciliation balancing differences between systems being converted and the targeted system and identify source(s) of differences

Assist in the creation, adoption, and improvement of job aids, tools, and methodologies to support a repeatable conversion and regression testing process

Manage assigned projects and tasks to meet deadlines; provide weekly status updates

Provide documentation for audit purposes and to aid in transferring knowledge to other areas

Plans, schedules, and executes multiple concurrent activities while remaining flexible to frequent changes

Provide product and production support for products and policies that are implemented/converted onto our administration systems

Requirements:

Post-secondary degree in Actuarial Science, Mathematics, or related field

10+ years supporting life insurance and annuity products

ASA designation; Career ASA preferred; (will consider prior actuarial student who has relevant experience and is no longer taking exams)

Strong mathematical and problem-solving skill set is required

Ability to perform in-depth research is required

Motivated; team-oriented; capable of learning new systems and tools quickly; works well in a dynamic, fast-paced environment

Experience with databases, data analytic/transformation tools, and/or advanced Excel

Protective’s targeted salary range for this position is $81,000 to $130,000. 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.

This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.