Associate Actuary / Actuary - Property & Casualty

Protective is seeking an experienced Property & Casualty (P&C) actuarial professional to join our Enterprise Risk Management (ERM) team. This role will serve as a trusted risk advisor to Protective’s growing P&C businesses, including the Asset Protection Division (APD) and the Excess and Surplus (E&S) line of business. They will provide independent actuarial and enterprise risk management perspectives on material business decisions.
The successful candidate will apply deep P&C insurance knowledge, actuarial judgment, and capital management expertise to help leadership understand the risk and capital implications of business growth, acquisitions, and other strategic initiatives. This individual will evaluate risk across underwriting, pricing, claims, reinsurance, catastrophe exposure, and capital, translating complex analyses into clear insights and practical recommendations.
This is an opportunity to help shape the risk framework for a growing P&C platform, influence enterprise decisions, and support the continued integration and development of P&C operations within Protective. The role is well suited for an experienced actuary who has worked within an insurance carrier’s ERM function and can operate as an independent, credible advisor to business and senior leaders.
Dependent on credentialling and experience, the internal title for this role will be either Associate Actuary, P&C or Actuary, P&C. Our posted range encompasses the listed salary for both levels.
Key Responsibilities
Serve as the primary ERM partner supporting Protective’s P&C businesses, including the Asset Protection Division and the Excess and Surplus line of business
Provide constructive, independent challenge of business assumptions, actuarial analyses, risk assessments, and management decisions
Provide independent actuarial and ERM advice on business growth, risk-taking activities, acquisitions, strategic initiatives, and emerging risks
Assess insurance risk exposures relative to Protective’s risk appetite, limits, tolerances, and capital framework
Develop and enhance P&C risk metrics, key risk indicators, dashboards, limits, monitoring processes, and escalation procedures
Analyze profitability, underwriting performance, adverse loss development, earnings volatility, catastrophe exposure, concentration risk, and potential capital impacts,
Perform and evaluate stress testing, scenario analysis, and capital assessments to identify potential downside exposures
Monitor reinsurance programs, risk-transfer strategies, collateral arrangements, and counterparty credit exposures
Monitor catastrophe exposures, geographic concentrations, and risk-accumulation trends across the P&C platform
Participate in Own Risk and Solvency Assessment activities, regulatory reporting, annual risk assessments, and emerging-risk reviews
Translate actuarial and capital analyses into clear recommendations for business leaders, senior management, ERM committees, and Board-level discussions
Evaluate the risk and capital implications of potential P&C acquisitions, new programs, portfolio changes, and market expansion opportunities
Support the integration of acquired businesses and their risk management practices into Protective’s enterprise risk framework
Promote a strong risk culture through education, communication, collaboration, and constructive challenge
Core Competencies (Skills, Knowledge And Abilities)
Deep knowledge of P&C insurance risks, products, underwriting, pricing, claims, reserving, reinsurance, and capital management
Strong understanding of enterprise risk management principles and their application within an insurance carrier
Ability to evaluate business decisions from actuarial, enterprise risk, and capital management perspectives
Strong actuarial judgment, quantitative analysis, and structured problem-solving capabilities
Ability to evaluate complex financial and risk information, identify material implications, and develop actionable recommendations
Strategic thinking and business acumen, including the ability to balance growth, profitability, capital, and risk considerations
Ability to provide objective, independent challenge while maintaining strong and productive business partnerships
Strong written, verbal, and presentation skills, with the ability to communicate complex actuarial and risk concepts to technical and non-technical audiences
Ability to establish credibility and influence business and senior leaders across organizational boundaries
Sound judgment and effective decision-making in complex, changing, or ambiguous situations
Ability to work independently, manage multiple priorities, and contribute with limited direction
Intellectual curiosity and a commitment to continuous learning, process improvement, and emerging risk awareness
Ability to use artificial intelligence tools responsibly to enhance learning, analysis, and business processes
Required Qualifications
Associate of the Casualty Actuarial Society (ACAS) designation
At least seven years of experience in Property & Casualty insurance, actuarial risk management, actuarial consulting, or a related P&C actuarial field
Direct P&C actuarial experience and a strong understanding of P&C insurance products and operations
Demonstrated knowledge of underwriting, claims, reinsurance, insurance risk, and capital management
Experience performing or evaluating complex actuarial, financial, capital, or enterprise risk analyses
Demonstrated ability to translate technical analyses into clear business insights and recommendations
Experience communicating with and influencing leaders and stakeholders across multiple functions
Preferred Qualifications
Fellow of the Casualty Actuarial Society (FCAS) designation
Warranty, asset protection, specialty insurance, or related P&C product experience
Enterprise risk management experience within a P&C insurance carrier
Experience advising business leaders from both actuarial and enterprise risk management perspectives
Experience evaluating capital requirements, capital adequacy, or risk-based capital implications for P&C businesses
Experience supporting acquisitions, actuarial due diligence, business integrations, or organizational transformation initiatives
Familiarity with Own Risk and Solvency Assessment (ORSA) requirements, insurance regulatory reporting, and risk governance frameworks
Experience developing or evaluating stress tests, scenario analyses, or capital models
Working knowledge of catastrophe modeling platforms and catastrophe-risk management practices
Experience developing risk appetite measures, key risk indicators, dashboards, risk limits, or senior-management risk reporting
Experience providing independent oversight or challenge within a second-line risk function
Protective’s targeted salary range for this position is $95,500 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.

Work arrangement
Yes