Sr. Director / Asst. Actuary - IDI Financial Reporting & Governance
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 Individual Disability Insurance (IDI) Actuarial team. In this role, you will oversee IDI’s valuation & financial reporting.
Actuarial and Financial Analysis: Lead the valuation, financial reporting and analysis in the individual disability insurance business unit, including monthly/quarterly Statutory, Tax, and GAAP valuation and financial reporting and analysis. Identify drivers of earnings, analyze trends, and communicate financial results to senior management. Other responsibilities include:
- Influence division financial strategies. Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures and communicate with affected parties.
- Manage external and internal auditor relationships and associated exams. Review, evaluation and updating of relevant procedures, ICFR documentation and internal controls.
- Maintain strong financial processes, procedures, and internal controls.
- Manage annual actuarial assumption review and implementation of any changes.
Leadership/Management: Manage a small team of actuaries and be involved in the continuous coaching, growth & development of the team. Other duties will consist of work allocation, performance management and overall employee engagement. Take a leadership role in identifying business needs, developing new capabilities, and ensuring successful implementation.
Cross Collaboration: Effectively communicate and collaborate with various departments across the organization on initiatives and projects.
Education/Experience: Extensive knowledge of GAAP and Statutory accounting principles. FSA designation required. Individual Disability Insurance experience preferred. Eight or more years’ experience in the actuarial field or the equivalent combination of education and/or experience. Bachelor’s degree. PolySystems and GGY-AXIS experience desired.
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.