The next part of your journey is right around the corner — with The Standard.
A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?
Job Summary:
The Standard seeks a talented and curious actuary to join our Capital Analytics & ALM team in the Corporate Actuarial and Risk Management Division. You will be working primarily on economic risk and capital metrics associated with our parent company and developing a framework to interpret the results for business management. You’ll support the regular production of these measures with our modeling teams and the education of key stakeholders on the interpretation of the results. This is a highly visible and varied role and will give you exposure to all our business units as well as leadership across the organization.
Key Responsibilities:
- Extract, analyze and prepare data for use in actuarial analysis. Analyze, interpret, and present numerical data related to fair values, risk measurements, and other actuarial analyses to internal stakeholders across the organization.
- Communicate and collaborate with various departments across the organization to meet business needs, including process improvement initiatives, coordination of capital methodology with emerging industry & enterprise standards, and providing theory behind capital calculations.
- Prepare ongoing calculations, reporting and explanation of risk capital for individual business units as well as whole company level.
- Gather, analyze and develop strong understanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in the analysis of risk management, income projection and regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies. Support the development of a risk-based return framework using data and analysis to provide strategic guidance in influencing management decision making.
- Acts as a subject matter expert and interacts frequently with senior department managers or other senior actuarial personnel. Ability to communicate with non-technical audiences, providing consultation and clarification on actuarial models and risk issues. Ability to influence management towards courses of action which may have potentially sizeable impacts on products, markets, underwriting, pricing, risk management, and profitability.
- Prepare for and pass actuarial exams and maintain continuing education requirements.
Skills and Background You’ll Need:
Education:
- Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.
- ASA designation, or equivalent, required
Experience:
- Demonstrated experience in an actuarial capacity
- Advanced analytical skills combined with creative actuarial knowledge to maximize profit and growth through data analysis, forecasting, and solid understanding of the business area of specialization. (i.e. insurance markets, competitive climate, regulatory market). Prior experience conducting complex analysis and providing recommendations on impactful strategies for risk management.
- Ability to determine appropriate methods and procedures for projects with limited guidance while anticipating stakeholder needs and takes initiative to address business challenges. Prior experience directing multiple complex cross-functional projects simultaneously, while also managing aspects of large and complex initiatives.
- Prior experience with retirement products & individual annuity products preferred; capital experience is a plus.
- Excel, Power BI, GGY Axis, Python, Dataiku or other modeling software highly preferred
Key Behaviors of a Successful Candidate:
- Winning together: Communicate and collaborate with various departments across the organization to meet business needs. Seeks out and encourages diverse perspectives; helps individuals relate to, understand, and accept other perspectives.
- Driving success: Independently drives work forward and takes responsibility for achieving job requirements, tasks, and objectives. Uses data and analysis to provide strategic guidance in influencing management decision making.
- Customer Focus: Develops positive internal and external stakeholder relationships by consistently and effectively delivering value
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Why Join The Standard?We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:
A rich benefits package including medical, dental, vision and a 401(k) plan with matching company contributions
An annual incentive bonus plan
Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually — PTO increases with tenure
A supportive, responsive management approach and opportunities for career growth and advancement
Paid parental leave and adoption/surrogacy assistance
An employee giving program that double matches your donations to eligible nonprofits and schools
In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.
Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.
The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.
Salary Range:
$74,500.00 - $108,750.00Positions will be posted for at least 5 days from original posting date.
Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability or veteran status or any other condition protected by federal, state or local law. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. The Standard offers a drug- and alcohol-free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on The Standard's property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation and employment, education and licensing verification as a condition of employment. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.
Top Skills
What We Do
StanCorp Financial Group, Inc., through its subsidiaries marketed as The Standard -- Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Investment Advisers, StanCorp Real Estate and StanCorp Equities -- is a leading provider of financial products and services. StanCorp's subsidiaries serve approximately 7.5 million customers nationwide as of June 30, 2011, with group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management services, retirement plans products and services, individual annuities and investment advice.
The Standard is a marketing name for StanCorp Financial Group, INC. and its subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Ore. in all states except New York, where insurance products are offered by The Standard Life Insurance Company of New York of White Plains, N.Y. Product features and availability by state and company, and are solely the responsibility of each subsidiary.
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