Protective Life

Associate II, Risk Analyst

Protective Life$70K — $100K *
US-AnywhereRemote in Birmingham, AL
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate degree in finance, economics, or accounting.
  • 2-4 years of experience in financial services, insurance preferred.
  • Understanding of asset-liability matching principles.
  • Knowledge of risk/return relationships in fixed income asset classes.
  • Strong analytical skills with large and complex data sets.
  • Familiarity with accounting principles and financial statements.
  • Advanced proficiency in Microsoft Excel, including data analysis.

Responsibilities

  • Enhance processes and models for measuring investment and market risk.
  • Utilize AI for developing advanced analytical techniques for risk insights.
  • Deepen understanding of financials across accounting and capital regimes.
  • Support risk reporting for the company's Strategic Risk Appetite.
  • Conduct analysis for strategic initiatives like portfolio trades, M&A, and stress-testing.
  • Collaborate with various teams on relevant projects.

Benefits

  • Comprehensive health, dental, and vision insurance.
  • Mental health support via employee assistance program.
  • Paid time off, parental leave, and short-term disability.
  • Contributions to healthcare accounts and pension plan.
  • 401(k) plan with Company matching.
  • ProHealth Rewards program for overall wellbeing improvement with cash incentives.
Full Job Description
This position will be responsible for supporting research and development of leading-edge quantitative risk models and practices. In this role you will work collaboratively with different functional areas of the organization touching on all aspects of investment, market, and capital risk. The position will require the right mix of technical and communication skills alongside significant interaction and partnership expected with key areas such as Inforce Projections, Valuation, Pricing, ALM, Investments and Finance.

Key Responsibilities:

  • Expand and enhance processes and models for the efficient measurement and monitoring of investment, market, and capital risk.
  • Research and leverage AI to build advanced analytical techniques to examine and derive risk insights, metrics, and attribution.
  • Expand understanding of the company's financials under different accounting and capital regimes, product mixes, and investment strategies.
  • Develop and enhance processes to support risk reporting on the company's Strategic Risk Appetite.
  • Produce thoughtful, accurate analysis to support all strategic and tactical Enterprise initiatives, including large-scale portfolio trades, M&A, reinsurance, strategic business partnerships, stress-testing, and quantitative model reviews.
  • Work with Inforce Projections, Valuation, Pricing, ALM, Investments and Finance teams on any relevant projects.


Qualifications:

  • Undergraduate degree in quantitative business discipline such as finance, economics, or accounting
  • 2-4 years' experience in financial services is required; insurance preferred
  • Understanding of asset-liability matching principles
  • Understanding of risk/return relationships of fixed income asset classes and how economic indicators such as inflation and interest rates impact such assets
  • Strong analytical and critical-thinking skills with the ability to work with large and complex data sets
  • Knowledge of accounting principles and financial statements both in reported financials and projection models
  • Strong problem-solving skills and the ability to explain results, both oral and written
  • Advanced Microsoft Excel proficiency, including complex formulas, pivot tables and data analysis


$70,000 - $100,000 a year

Protective's targeted salary range for this position is $70,000 to $100,000. 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.

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.

About Protective Life

Protective Life Corporation is a life insurance company founded in 1907 in Birmingham, Alabama. The company offers a range of life insurance and annuity products, as well as investment and retirement solutions. Protective Life operates in all 50 states and the District of Columbia, and has more than 2,800 employees. The company is a subsidiary of Dai-ichi Life Holdings, Inc., a Japanese insurance company. Protective Life has received high ratings from independent rating agencies, including A.M. Best, Moody's, and Standard & Poor's.
Learn more about Protective Life
Size
2,800 employees
Industry
Founded
1907

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