Associate Actuary / Actuary - Life Product
ProtectiveChesterfield, MO
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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.
Protective Life is seeking an Associate Product Actuary or Product Actuary to join our growing Product Development team within our Protection division. This role is ideal for an experienced and credentialed actuary who enjoys product innovation, financial modeling, and cross‑functional collaboration.
As a key contributor, you will partner with product management, competitive intelligence, and implementation teams to modernize and enhance life insurance product offerings—primarily Variable Universal Life (VUL). You will apply best‑practice pricing techniques, ensure adherence to internal Pricing Standards, help shape strategic product initiatives, and communicate findings to leaders across the business.
Key Responsibilities
- Lead or support the pricing, design, and development of life insurance products—primarily VUL, with opportunities to support other product lines as assigned.
- Model and analyze Statutory (Stat) and Generally Accepted Accounting Principles (GAAP) financial cash flows and assess associated product risks.
- Ensure strong model governance, controls, and documentation, with full adherence to internal Pricing Standards.
- Develop and deliver clear, decision‑driving actuarial presentations for management and cross‑functional partners.
- Collaborate with the Competitive Intelligence team to secure and utilize market data needed for product evaluation and development.
- Contribute to cross‑functional projects including product implementation, legal/filing work, in‑force management, systems alignment, marketing support, and reinsurance analysis.
- Support acquisition due diligence and integration efforts where applicable.
- Demonstrate integrity through adherence to Actuarial Standards of Practice (ASOPs).
- Mentor junior team members and foster a collaborative, high‑performing team environment.
Skills, Abilities, and Knowledge Required
- Strong life product pricing and modeling expertise
- Financial modeling proficiency across Stat and GAAP frameworks
- Ability to interpret, analyze, and explain complex actuarial results
- Understanding of Universal Life, Indexed Universal Life, or Variable Universal Life products
- Clear and effective communicator with both actuarial and non‑actuarial stakeholders
- Ability to influence decisions through insights and data‑driven recommendations
- Collaborative mindset and willingness to guide junior team members
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Associate (ASA) or Fellow of the Society of Actuaries (FSA) with current Continuing Professional Development compliance.
- 5+ years of actuarial experience, including 3+ years in life insurance pricing or a closely related function
- Demonstrated modeling expertise and ability to evaluate financial results.
- Ability to present results clearly to varied audiences.
- Experience with Universal Life, VUL, or IUL preferred.
- Experience with Principles-Based Reserving (PBR) preferred.
- Experience with MG‑ALFA preferred.
Protective’s targeted salary range for this position is $95,500 to $180,000. 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.
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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 eric.hess@protective.com. 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.
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FAQs About Associate Actuary / Actuary - Life Product Jobs at Protective
What is the work location for this position at Protective?
This job at Protective is located in Chesterfield, MO, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Protective?
Employer has not shared pay details for this role.
What employment applies to this position at Protective?
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