Sr/Director, Assistant Actuary
About the Job
If you want to make a positive difference and stand out from the crowd, you’ll fit in at The Standard (www.standard.com). Through our retirement plans and insurance products and services, we help people achieve financial well-being and peace of mind. Come join us and share our passion for serving our customers in a positively different way.
The Standard is hiring for a Director/Sr. Director of Financial Reporting & Governance within their Corporate Actuarial team. The Corporate Actuarial team plays a critical role in the organization by contributing expertise in investment modeling and valuation, collaborating on strategic projects related to capital management and hedging, performing risk analysis and financial forecasting that informs business decisions, management of the Embedded Value (EV) framework, model stewardship, ensuring regulatory compliance, and providing oversight to other actuarial units. In this role, you will develop relationships with actuaries in each product line in order to effectively provide financial oversight, including reviews of financial results, pricing, reserving and product development, as well as monitoring for new regulatory developments impacting the Company. Additionally, you will oversee the production and maintenance of management reporting and valuations, and manage certain areas of statutory reporting, including asset adequacy analysis.
Leadership/Management: Manage a small team of individual contributors which include analysts and members of the actuarial job family and will be involved in the continuous coaching, growth & development of the team. Other duties will consist of work allocation, quality assurance, performance management and overall employee engagement. Take a leadership role in identifying business needs, developing new capabilities, and ensuring successful implementation.
Financial and Actuarial Analysis: Apply expertise in actuarial analysis and finance to business problems including principles-based actuarial modeling and estimation, financial forecasting, and numerical analysis in support of pricing, valuation or risk management. An applied understanding of the principles of accounting under Statutory, U.S. GAAP and Economic bases is desirable. Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures and communicate with affected parties.
Cross Collaboration: Communicate and collaborate with various departments across the organization to meet business needs. Work with various parts of the organization to understand financial, investment and product data. Review data and analysis to be used in providing guidance and consultation to influence decision making. Liaise with modeling team to ensure new modeling techniques and assumptions are incorporated into financial reporting models.
Training and Education: Expose innovations to broader audiences of staff as new techniques and practices are deployed to enable analysis. Actively train others in analysis tools and methods.
Education/Experience: Bachelor’s degree in mathematics, actuarial science, computer science, business or a related field. FSA designation required. SAS and/or AXIS experience preferred.
Analytical Skills: Demonstrates a broad actuarial, financial and industry expertise combined with unique product line knowledge, uses skills to contribute to the achievement of company goals. Works on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative, forward looking and organizational factors.
Communication: Serves as a lead on key projects and initiatives. Viewed as a key resource to the division and providing leadership in their key areas of responsibilities. Exhibits effective communication and people skills in managing projects, working with stakeholders and resolving conflicts. Subject matter expert with the ability to negotiate and influence management decision making.
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, sexual orientation, age 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, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.