Job 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 Life is seeking a Variable Annuity Product Senior Director to join our Retirement Division. This leadership role reports to the Vice President of Retail Product and oversees a team of actuaries and analysts within the Product Development Department. The Senior Director will drive modernization of annuity product offerings, ensure best-practice pricing techniques, and communicate initiatives to secure governance approvals.
Key Responsibilities
- Lead product development and pricing for variable annuities and related guarantees (GLWBs and DBs) aligned with financial goals and risk appetite.
- Provide thought leadership on assumption setting (e.g., reinsurance, PBR margins, target surplus) and support enterprise assumption setting.
- Represent Pricing in ideation and feasibility processes to balance strategic impact and resource use.
- Oversee pricing projects, ensuring confidence in financial cash flow analysis (Statutory and GAAP) and risk assessment using GGY Axis.
- Maintain internal model controls and documentation in compliance with Pricing Standards.
- Present findings to senior management to inform business decisions and governance approvals.
- Collaborate with Product Management to ensure optimal data support for product initiatives.
- Lead ad hoc projects including product implementation, compliance, marketing support, and reinsurance.
- Guide actuarial recruiting and training to sustain a high-performance culture.
- Support acquisition due diligence and new business integration efforts.
- Foster a collaborative environment focused on professional growth and integrity in line with Actuarial Standards of Practice.
Skills, Abilities, and Knowledge Required
- Strong technical expertise in financial modeling and actuarial analysis.
- Ability to communicate complex actuarial concepts to diverse audiences.
- Leadership and team management skills with a focus on collaboration and development.
- Knowledge of Principle-Based Reserves (PBR) and GGY Axis preferred.
- Strategic thinking and problem-solving abilities.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
- Fellow of the Society of Actuaries (FSA) with current CPD compliance.
- 10+ years of actuarial experience in annuity pricing or related functions.
- Experience in annuity product development and management preferred.
- Prior leadership experience strongly preferred.
$152,000 - $210,000 a year
Protective’s targeted salary range for this position is $152,000 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.
The internal title for this role is Sr. Director Actuarial Product.
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 [email protected]. 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.
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.
