Actuarial Associate III/IV - IA

At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.
 
Ready to reach your highest potential? Let’s work together.

Job Summary:

The Individual Annuity Actuarial financial reporting team is responsible for valuation, financial reporting, experience analysis, and assumption setting.

This role will report to the Senior Director, this role and will function as a partner to senior actuaries, financial professionals, and executives leading planning, projections, experience studies, and assumption setting.

This role may be filled at either of the following levels:

• Actuarial Associate III – minimum 5 years of hands-on actuarial experience and ASA designation
• Actuarial Associate IV – minimum 8 years of hands-on actuarial experience and FSA designation.

Principal Duties & Responsibilities:

• Planning and Projection:  Develop and maintain planning models and tools. Collaborate with pricing, valuation, finance, sales, and other functional areas to develop annual business plan and other projection analysis to help monitor business performance.
• Actuarial/Expected Experience Studies:  Gather, analyze, and develop strong understanding of customer retention, mortality, and expense trends utilizing company, industry, and market data, as necessary. Maintain and enhance experience study models used to monitor experience and update assumptions. Summarize findings and provide quantitative knowledge for emerging trends. Support the experience analysis and reporting required under VM-22, US Statutory principle-based reserves standards (VM22) for fixed annuities.
• Data Analysis/Information Systems:  Extract, analyze and prepare data for use in actuarial analysis. Analyze, interpret, and present numerical data related to pricing and other actuarial analysis.
• Cross Collaboration:  Communicate and collaborate with various departments across the organization to meet business needs. Using data and analysis, provide strategic guidance in influencing management decision making. 
• Independence:  Determines methods and procedures on new assignments with some guidance. Emerging skills as a mentor and resource to entry level actuaries. Anticipates customer needs and takes initiative to address business challenges.

Skills and Background You’ll Need:

Education:  Bachelor’s degree in mathematics, actuarial science, business, or a related field.

Experience:

• Proficient in MS Office and familiarity with actuarial tools and systems.
• Experience with Individual Annuity or other annuity products highly preferred.
• US Statutory and US GAAP, PowerBi, Python, SQL, and GGY AXIS experience preferred but not required.

Key Behaviors of a Successful Candidate:        

• Winning together: Puts the needs of the team above their own desires and priorities.
• Driving Success: Can take ambiguous tasks and align it to the working model of the team to ensure execution.
• Adaptability: Approaches everyday work with a desire to continuously further their understanding and can align their work to the mission of the enterprise.

Why join The Standard?

We have built an enduring legacy of stability, innovation and financial strength thanks to the contributions of the talented, creative and compassionate 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 a 401(k) plan with matching company contributions
• An annual incentive bonus plan
• Generous paid time off
• A supportive and responsive management approach
• Opportunities for career growth and advancement 
• Paid time off to volunteer
• An employee giving program that double matches your donations to eligible nonprofits and schools
• Much more!

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

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 Equities, Inc. and StanCorp Investment Advisers, Inc., 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. 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 Standard 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, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.