Manager and Actuary (Actuarial Modeling Team)

Posted 2 Hours Ago
Be an Early Applicant
2 Locations
In-Office or Remote
130K-208K Annually
Senior level
Fintech • Insurance
The Role
The role involves managing actuarial modeling for Retirement Plans, ensuring quality of outputs, overseeing BAU execution, and training junior staff.
Summary Generated by Built In

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 actuarial Manager to join the Actuarial Modeling Team (AMT) within Corporate Actuarial and Risk Management (CARM). This role is responsible for overseeing Business‑as‑Usual (BAU) execution, workflow coordination, and team operations for a defined modeling scope, with a primary focus on the Retirement Plan product line and opportunities to expand into Individual Annuities.

This role partners closely with Product Line stakeholders and cross‑functional actuarial teams to ensure consistent, high‑quality delivery of recurring actuarial outputs while strengthening team scalability and execution to enable senior leaders to focus on strategic initiatives, framework development, and cross team alignment.

Key Responsibilities:

BAU Execution & Operational Oversight: Own BAU results for the assigned modeling scope, including coordinating day‑to‑day workflow, tracking deliverables, and ensuring outputs meet quality and timing expectations. Ensure BAU results are accompanied by clear, end‑to‑end storytelling by connecting model outputs to underlying drivers, trends, and business context so results form a coherent and sensible narrative rather than isolated numbers. Proactively identify execution risks, explain emerging signals or anomalies, and help resolve bottlenecks to support reliable, insight‑driven delivery.

First‑Layer Review: provide first‑round review and quality assurance for routine actuarial outputs.

Model Stewardship: Ensure model and process changes are supported by appropriate testing and documentation and reinforce consistent modeling and governance standards across the team.

Training & Team Development: Lead structured onboarding and foundational training for junior actuarial staff, including delivery of standardized AXIS, projection and modeling process training. Provides ongoing coaching, feedback, and guidance to reinforce best practices in documentation, problem structuring, and analytical rigor while reinforcing modeling standards, and reducing execution bottlenecks.  

Process Consistency & Collaboration: Reinforce consistent use of established processes, templates, checklists, and playbooks. Collaborate with Product Line and actuarial partners to support BAU execution and model changes. Communicate execution status, priorities, and risks to leadership.

Flexibility to Support AdHoc Requests & Business Initiatives: Support new business initiatives, what‑if analyses, and cross‑line projects with building capacity flexibility, contributing modeling insights and execution support as needed.

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. 

Certification: FSA or equivalent international designation. (strongly preferred)

Experience:

  • 5-8 years of progress actuarial experience with demonstrated experience supporting BAU actuarial modeling and reporting using GGY AXIS, including results analysis, execution ownership, result review, quality assurance, and enhance story telling.
  • Hands‑on AXIS modeling expertise (required), including model runs, output review, run controls, and troubleshooting
  • Business knowledge of Retirement Plan or Individual Annuity products, with an understanding of how modeling and projection results support BAU reporting and business decisions.
  • Ability to reinforce strong modeling practices, including documentation standards, testing discipline, and adherence to governance and change‑control expectations.
  • Effective communicator able to collaborate with Product Line and modeling partners and clearly explain AXIS results and modeling considerations.
  • Experience with projection modeling and reporting (e.g., CFT, effective duration, EEV, or similar forward‑looking metrics), including analysis and explanation of results. (preferred)

Key Behaviors of a Successful Candidate:

Winning together: Excellent verbal and written communication skills with the ability to develop influential and collaborative relationships within the team and across the organization to support project execution, communicate progress, and help to accomplish common business goals. Contributes expertise within area of responsibility and is able to translate complex ideas into easily understandable concepts that influence outcomes through execution leadership and partnership.  

Strategic Visioning: Uses business context, data, and team insights to support strategy development and align team priorities with broader organizational goals. Helps define practical success metrics for assigned work. Strong organizational skills and attention to detail in a matrixed actuarial environment.

Driving success: Ability to drive team performance to goals. Provides training, coaching and development to immediate team members. Important role as a mentor to others in the actuarial team. Creates clarity, sets bold goals, and champions execution with a sense of purpose and urgency.

Improvement Mindset: Identifies opportunities to improve processes and workflows within the team. Applies problem‑solving skills and introduces practical enhancements to support better outcomes and increased efficiency to take us “next level”.

Engaging Hearts & Minds: Fosters empowered, collaborative teams and cultivates trusted relationships across functions.

#LI-Remote

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:

$130,250.00 - $208,000.00

Positions 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.

Skills Required

  • Bachelor's degree in mathematics, actuarial science, business or related field
  • FSA or equivalent international designation
  • 5-8 years of actuarial experience
  • Hands-on AXIS modeling expertise
  • Business knowledge of Retirement Plan or Individual Annuity products
  • Experience with projection modeling and reporting

The Standard Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Standard and has not been reviewed or approved by The Standard.

  • Retirement Support The 401(k) match and profit sharing are highlighted as strong components of total rewards. The retirement plan is often regarded as a standout element.
  • Leave & Time Off Breadth Generous PTO, 11 holidays, wellness days, and paid volunteer time provide meaningful time off. These programs are portrayed as supportive of work-life balance.
  • Parental & Family Support Paid parental leave, adoption/surrogacy assistance, dependent-care support, and backup childcare are available. These family-oriented benefits add meaningful value to the package.

The Standard Insights

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The Company
HQ: Portland, OR
3,557 Employees

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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