Product Actuary / Associate Actuary – Employee Benefits
Protective Life
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $95,500 - $210,000 per year
About the role
- Serve as the lead actuary for the development and launch of new employee benefits products
- Build and document pricing models, assumptions, and methodologies for new initiatives
- Evaluate product feasibility, profitability, and risk trade‑offs in partnership with business and product leadership
- Support pilot programs, market entry strategies, and early performance monitoring post‑launch
- Design, maintain, and enhance actuarial models supporting new products and significant product enhancements
- Partner with Underwriting to align pricing with risk selection, case design, and market strategy
- Collaborate with Product, Product Compliance, Underwriting, Government Affairs, and Legal to ensure products are compliant, competitive, and operationally executable
- Prepare actuarial materials to support state insurance filings and regulatory submissions
- Maintain actuarial ownership of launched products, including assumption updates, experience monitoring, and repricing support
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
- Fellow of the Society of Actuaries (FSA) OR Associate of the Society of Actuaries (ASA) with 5 years post credential
- Minimum of 8 years of actuarial experience, with direct experience in product development and pricing of new initiatives
- Strong communication skills with the ability to explain technical concepts to diverse stakeholders
- Strong background in at least one group employee benefits product area (Short‑Term Disability, Long‑Term Disability, Group Life, Accidental Death & Dismemberment, Dental, and/or Vision)
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial modelingpricing modelsproduct developmentrisk assessmentprofitability analysisfeasibility evaluationexperience monitoringrepricing supportassumption updatesregulatory submissions
Soft Skills
communication skillscollaborationleadershipstakeholder engagementproblem-solvingorganizational skillsanalytical thinkingtechnical explanationstrategic thinkingadaptability
Certifications
Fellow of the Society of Actuaries (FSA)Associate of the Society of Actuaries (ASA)