Remote

Retail Product Actuary

Protective Life Insurance Company
vision insurance, parental leave, paid time off, 401(k)
United States
Jan 06, 2026
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 is seeking a Retail Product Actuary to join our dynamic team focused on developing and pricing innovative annuity products. In this role, you will lead the design and pricing of fixed and fixed-indexed annuities with Guaranteed Lifetime Withdrawal Benefits (GLWB), while supporting additional retail product initiatives. You'll collaborate across actuarial, marketing, and distribution teams to ensure our products meet market needs and align with Protective's financial goals and risk appetite. Key Responsibilities Develop and price annuity products, including Fixed GLWB and Fixed-Indexed GLWB. Evaluate new product concepts and distribution opportunities using actuarial best practices. Deliver financial projections under Statutory and U.S. GAAP standards using MG-ALFA modeling software. Partner with internal teams to secure risk approvals, support reinsurance arrangements, and align methodologies. Collaborate with marketing and sales teams to ensure product designs resonate with target markets. Analyze experience data, including mortality, lapse, and demographic trends. Drive automation and process improvements to enhance efficiency and accuracy. Serve as a subject matter expert for pricing results and model outputs. Skills, Abilities, and Knowledge Required Strong actuarial modeling and pricing expertise. Proficiency in MG-ALFA or similar actuarial software. Knowledge of Statutory and U.S. GAAP accounting principles. Excellent communication and collaboration skills. Analytical mindset with attention to detail. Ability to manage multiple priorities and deliver results on time. Qualifications 5+ years of industry experience (life/annuity). 3+ years of annuity pricing experience strongly preferred. FSA designation required. Experience with life or annuity product pricing and interfacing with sales/distribution teams. Results-oriented with initiative to learn and grow. Protective's targeted salary range for this position is $124,500 to $175,000. 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. #LI-AP1 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.