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 Senior Actuarial Associate or Assistant Actuary for a growth position within their Corporate Actuarial team. In this role, you will be part of the Financial Reporting and Governance team, supporting the production and maintenance of management reporting and valuations, and play a key role in coordinating the production and review of projections of income from the Company’s assets. You may also participate in the financial oversight of other actuarial areas, including reviews of financial results, pricing, reserving and product development, as well as contributing to efforts to enhance governance frameworks. Your team will also be responsible for monitoring for new regulatory developments impacting the Company, and you may play a significant role in statutory reporting, including coordination of asset adequacy analysis work. This team also frequently manages communications with regulators, rating agencies and auditors regarding actuarial topics.
The role requires an actuarial background in one or more of The Standard’s core products (annuities, life and disability insurance), and/or finance and investments.
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. Demonstrate an applied understanding of the principles of accounting under one of more of Statutory, U.S. GAAP and Economic bases. 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.
- Bachelor’s degree in mathematics, actuarial science, business, or related field
- Experienced ASA progressing to FSA (at least two exams past ASA) required; FSA preferred.
- Minimum of four years of progressively responsible actuarial experience for Sr. Associate role, minimum of six years of progressively responsible actuarial experience for Asst. Actuary role.
- Acts independently on new assignments with complex factors and consistently apply solid business judgement.
- Effective collaborates with actuarial and business line leaders to evaluate and understand risk.
- Acts as a subject matter expert having frequent interaction with senior division management or other senior actuarial personnel.
- Exhibits effective communication skills with non-technical audience and the ability to negotiate and influence decision making within the division and/or Company.
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, 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, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.
For more information regarding your Equal Employment Opportunity applicant rights, click here.
Individuals with disabilities who need assistance or accommodation with the application process should contact HR Direct at 971-321-7871. This number is only for the use of individuals with disabilities who need accommodation with the application process. General inquiries about application status will not be addressed.