Director, Actuarial – UL Valuation

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.

Director, Actuarial - UL Valuation is responsible for leading the valuation and financial reporting of the Universal Life (UL) product lines. This role oversees the preparation and review of Stat, GAAP, and Tax reserves; manages quarterly valuation and earnings analysis; and ensures sound model governance and SOX control execution.

Directors provide leadership to actuarial students and valuation team members, partner closely with Finance, ALM Actuarial, Risk, and other internal actuarial teams, and support ongoing model, process, and reporting enhancements. The position requires strong independent judgment, the ability to manage cyclical quarter‑end demands, and a commitment to maintaining well‑controlled valuation processes and models.

Approximately three weeks each quarter are dedicated to financial reporting activities. The remaining time is focused on team leadership, model maintenance and improvements, and ad hoc analysis.

• We welcome credentialed actuaries from a variety of actuarial backgrounds, including pricing, valuation, and rotational development programs.
• Direct valuation experience or experience with our current valuation systems is not required for candidates who demonstrate strong technical, analytical, and problem‑solving capabilities.
• Candidates with transferable experience across life and annuity products, including UL pricing or annuity valuation, are encouraged to apply.
• Hybrid Work Opportunity:
  This role follows a hybrid schedule with 3 days per week in the office and 2 days eligible for remote work. While preference will be given to candidates able to work in the hybrid arrangement, fully remote candidates may also be considered for an interview based on experience and qualifications.

• Guide quarterly UL valuation and earnings variance analysis.
• Provide guidance and review for Statutory, Tax, and GAAP reserve and intangible asset calculations.
• Prepare, review, and maintain Sarbanes‑Oxley (SOX) controls.
• Maintain, enhance, and govern valuation and business plan models.
• Direct, supervise, and validate model updates and analyze their financial impacts.
• Identify and implement process improvements within valuation workflows.
• Perform specialized actuarial testing, including X‑factor testing, Preferred Mortality studies, and Actuarial Guideline 38 (AG38) 8D testing.
• Support implementation of new products and related valuation requirements.
• Develop new valuation, reporting, and analytical tools as needed.
• Collaborate closely with other Valuation, Modeling, Finance, and Financial Reporting teams.
• Prepare ad hoc management reports and complete additional duties as assigned.
• Manage, mentor, and develop actuarial students and early‑career staff.
• Build strong cross‑functional relationships across the organization.

• Strong knowledge of Statutory, GAAP, and Tax valuation principles.
• Expertise with actuarial modeling for life insurance products.
• Strong spreadsheet and database capabilities; ability to analyze large datasets.
• Demonstrated ability to learn and master new software quickly.
• Analytical, inquisitive mindset with strong problem‑solving skills.
• Ability to balance independent work with collaborative team leadership.
• Excellent verbal and written communication skills.
• Ability to manage deadlines in a cyclical reporting environment.
• Experience with Poly Systems is preferred.

• Bachelor’s degree required.
• ASA or equivalent designation required; FSA designation preferred.
• Minimum of 3 years of experience as a credentialed actuary within the insurance industry.
• Prior staff management or mentoring experience a plus.

$115,000 - $161,000 a year

Protective’s targeted compensation for this position is $115,000 - $161,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and…