Actuarial Analyst - Employee Benefits (Remote)

As an Actuarial Analyst - Employee Benefits at Protective, your primary responsibilities include developing and maintaining a deep understanding of data sources, producing accurate monthly reserves, and assisting with various financial projections. You'll also be involved in creating rates for underwriting systems, contributing to regulatory filings, and performing ad-hoc analyses while maintaining productive relationships with teams across finance, claims, and IT.

To be considered for the Actuarial Analyst position at Protective, candidates need a Bachelor’s Degree in Math, Statistics, Computer Science, or a related field with a strong mathematical background. Additionally, having 0-5 years of relevant analytical or insurance experience and passing 1-3 actuarial exams is beneficial. Proficiency in technical skills such as Excel, database experience, and some programming knowledge—ideally VBA—is also required.

The targeted salary range for the Actuarial Analyst - Employee Benefits role at Protective is between $64,500 and $85,000. This range considers several factors, including job location, skills, and experience, and is part of a comprehensive total compensation package that includes various incentives based on individual and company performance.

Protective offers a broad array of employee benefits aimed at ensuring your overall well-being. This includes health, dental, and vision insurance, mental health benefits, generous paid time off, a pension plan, and a 401(k) plan with company matching. There are also rewards for participating in wellness programs, which enhances both physical and mental well-being.

At Protective, diversity and inclusion are top priorities, and the company is committed to creating an equitable environment where all employees can thrive. This includes developing a culture led by leaders who embrace diverse skills and backgrounds and offering robust development opportunities aimed at attracting and retaining diverse talent for leadership roles within the firm.

When answering this question, highlight specific examples of the actuarial analyses you have performed, detailing the tools you used, challenges you faced, and how your actions contributed to your team's goals. Emphasizing your analytical skills and ability to communicate findings effectively will resonate well with interviewers.

In response to this question, discuss your time management strategies, such as creating to-do lists, setting milestones, and communicating with your team. Provide examples of how you have successfully handled conflicting priorities in the past, showcasing your ability to keep calm under pressure while achieving high-quality work.

For this question, mention specific programming languages such as VBA, SQL, or SAS, outlining your experience with each. Describe how you've utilized these tools to enhance your analyses, automate processes, or improve reporting efficiency, giving concrete examples that demonstrate your expertise.

When answering, focus on your ability to simplify complex data and communicate key takeaways clearly. Discuss the strategies you used to ensure understanding, such as visual presentations or relatable analogies, and highlight the positive feedback you received from your audience.

Show your commitment to professional growth by mentioning relevant resources such as industry publications, attending webinars or conferences, and engaging with professional actuarial associations. This demonstrates your proactive approach to learning and staying informed on crucial industry shifts.

When discussing your experience with financial projections, provide a clear outline of the methodologies you employed and the results achieved. Be prepared to discuss specific projections you developed, how you assessed assumptions, and any tools you utilized throughout the process.

In your response, highlight your understanding of key considerations such as past claims experience, potential future liabilities, and regulatory requirements. Emphasize how your analytical skills help inform your conclusions and ensure that reserves are accurately reflected in financial reports.

To answer this question, emphasize your collaborative mindset and problem-solving skills. Describe a situation where you successfully navigated a disagreement, focusing on your communication style, willingness to listen, and how you worked towards a mutually beneficial resolution.

In discussing your training approach, mention all the methods you find effective, whether it's hands-on guidance, creating training materials, or organizing workshops. Your answer should showcase your passion for education and the importance of building a strong team within the actuarial domain.

When answering, reflect on your alignment with Protective's mission to impact people's lives positively. Share specific aspects of the role or the company's culture that resonate with you, and express your eagerness to contribute to their goals and embrace continuous professional development.