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Actuary, Inforce Projections

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Base Salary
120k-180k USD

Job Description

The candidate will be responsible for inforce projections related to Protective’s Traditional Life business, including the projection of income and capital for various business and regulatory purposes. This role will provide leadership and oversight to resources that develop and run projections Traditional Life projections. This role reports to the Senior Director Actuarial, Life Projections and will have heavy interaction with the Traditional Life Valuation team. The position will also have frequent interaction with Accounting, Finance, Risk, and Corporate Modeling areas.


  • Managing inforce projections supporting all regulatory and business requirements for the following purposes: Business plan, Embedded Value, Cash flow testing and RBC, Insurance Capital Standards, Closed Block dividend management
  • Ensuring accuracy and completeness of all projections by executing adequate controls, producing analysis and review metrics, and ensuring documentation is accurate and complete
  • Developing and maintaining advanced analytics supporting the review of the projections, which may include: Analyzing period-over-period projection results at a company and product level; explaining, documenting, and communicating changes, preparing dynamic validations of projection models at a company and product level, supporting other areas of the company when questions arise about actual experience, reinsurance notices, possible acquisitions, etc., developing tools to support analysis of results more effectively, including implementation of new technology such as visual analysis software
  • Leading the effort to calculate Value of New Business on a regular basis, ensuring effective controls and documentation are in place, performing analysis of results, and explaining period-over-period changes.
  • Supporting Appointed Actuaries with documentation requirements related to Asset Adequacy Testing and RBC.
  • Providing insight and expertise regarding the risks of the block (sensitivity of the block to lapse, mortality, etc.) and understanding how policyholder behavior is impacted by the economic environment and how that is reflected in the models.
  • Manage ad hoc projection requests from Accounting, Finance, and Risk areas.
  • Collaborating with the Traditional Life Valuation team to set priorities and expectations, manage shared resources, and improve the valuation and projection models.
  • Collaborating with the Universal Life Projections team on shared model efficiencies, controls, and reporting.


  • 4+ years of actuarial experience with focus on projections and financial reporting
  • Strong knowledge of Statutory and U.S. GAAP valuation methodologies for Life products
  • Actuarial Fellowship (FSA) or Associate (ASA) designation and Member American Academy of Actuaries (MAAA)
  • Excellent verbal and written communication skills
  • Able to communicate complex actuarial topics to both actuaries and non-actuaries
  • Experience working in a collaborative environment
  • Experience with asset/liability modeling preferred
  • Experience with life and annuity valuation/projection software is a requirement, with PolySystems experience preferred
Protective’s targeted salary range for this position is $120,000 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] OR [through cash compensation as part of a sales incentive plan (SIP).

Advice from our career coach

As someone familiar with the demands of this Actuarial Projections role at Protective, I recommend that successful applicants focus on showcasing their relevant experience, technical knowledge, and communication skills. To stand out as an applicant, consider the following tips:

  • Highlight 4+ years of actuarial experience with a focus on projections and financial reporting in your resume and cover letter.
  • Demonstrate a strong knowledge of Statutory and U.S. GAAP valuation methodologies for Life products.
  • Emphasize any Actuarial Fellowship (FSA) or Associate (ASA) designation and membership in the American Academy of Actuaries (MAAA).
  • Showcase your excellent verbal and written communication skills, including the ability to explain complex actuarial topics to both actuaries and non-actuaries.
  • Describe your experience with asset/liability modeling and life and annuity valuation/projection software, preferably including PolySystems.
  • Provide examples of your collaborative work environment experience and how you have managed and prioritized ad hoc projection requests.
  • Discuss your experience in developing and maintaining advanced analytics to review projections, including explaining period-over-period changes and preparing dynamic validations of projection models.

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