[Hiring] Product Actuary / Associate Actuary @Protective

Role 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 Insurance Company is seeking an experienced Product Actuary (FSA) or Associate Actuary (ASA) to play a critical role in the design, pricing, and launch of new employee benefits insurance products. This is a senior individual contributor position that serves as the primary actuarial partner for product innovation across a portfolio that may include:

• Short‑Term Disability
• Long‑Term Disability
• Group Life
• Accidental Death & Dismemberment
• Dental
• Vision products

Reporting to the Vice President, Product and Chief Actuary – Employee Benefits Business Line, this role is hands‑on and highly collaborative. The Product Actuary will translate new product ideas into viable actuarial solutions by developing pricing models, assumptions, and financial projections that balance innovation, profitability, and risk. The role partners closely with:

• Product Management
• Underwriting
• Finance
• Enterprise Risk Management
• Compliance
• Legal

This position supports the Employee Benefits division and works closely with actuarial leadership to ensure new products are scalable, compliant, and fully integrated into Protective’s actuarial and financial frameworks.

Qualifications

• Advanced actuarial pricing and modeling expertise within group employee benefits insurance.
• Strong knowledge of employee benefits products, including Short‑Term Disability, Long‑Term Disability, Group Life, Accidental Death & Dismemberment, Dental, and Vision.
• Demonstrated ability to apply actuarial judgment and creativity to complex, ambiguous, or innovative product challenges.
• Experience designing, documenting, and maintaining transparent actuarial models suitable for governance, audit, and regulatory review.
• Strong understanding of regulatory, compliance, and filing considerations related to group insurance products.
• Ability to assess profitability, risk trade‑offs, capital considerations, and financial impacts of new product initiatives.
• Proven capability to translate complex actuarial analyses into clear, decision‑ready insights for non‑actuarial stakeholders.
• Strong business partnership skills, with experience collaborating across Product, Underwriting, Finance, Enterprise Risk Management, Compliance, and Legal.
• Excellent written and verbal communication skills, with the ability to influence and engage senior leaders.
• Strong organizational skills with the ability to manage multiple initiatives and priorities simultaneously.

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).

Preferred Qualifications

• Experience supporting multiple employee benefits product lines.
• Prior experience partnering closely with Product Management on early‑stage product innovation.
• Familiarity with automation, modeling tools, or group insurance technology platforms.
• Experience supporting pilot programs, market expansions, or early‑stage product performance monitoring.
• Member of the American Academy of Actuaries (MAAA).

Benefits

• Comprehensive health, dental, and vision insurance.
• Mental health benefits and an employee assistance program.
• Variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day).
• Contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching.
• Engagement in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.

Salary Information

Protective’s targeted salary range for this position is $95,500 to $210,000. 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.

Accommodations for Applicants with a Disability

If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected] . This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.