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 currently hiring for the role of Senior Actuarial Associate within the Individual Disability line of business. The IDI actuarial team consists of 7 credentialed actuaries, 2 student actuaries, 1 actuarial developer as well as a team business analysts and reinsurance administrative support. We are the 7th largest carrier of individual disability insurance in the country and are looking to add actuarial talent to support continued growth.
The role will provide support for various actuarial modeling deliverables including:
- Embedded Value
- Gross Premium Valuation
- Cash Flow Testing
- Asset Liability Management
In addition to modeling support, the role will assist in financial planning and experience analysis among other duties to ensure the business is adequately supported from an actuarial and financial perspective.
- Primary responsibility will be to utilize AXIS to support individual disability modeling requirements.
- Knowledge of Statutory, GAAP and Tax financial reporting is required.
- Work closely with Corporate Actuarial to investigate and resolve model issues.
- Build product knowledge to ensure models provide sound representation of business dynamics.
Education/Experience: Bachelor’s degree in mathematics, actuarial science, business or a related field. Four or more years’ experience in the actuarial field or the equivalent combination of education and/or experience. ASA designation required plus two FSA exams preferred.
Knowledge and Business Acumen: Has wide-ranging or deep actuarial and financial expertise and is regarded as a subject matter expert within division or function. Understands business challenges and recommends improvements in best practices. Has advanced knowledge of how actuarial team interacts with and impacts other departments, divisions or functions.
Problem Solving Skills: Uses expertise to lead others in resolving complex issues in creative ways. Works on issues where analysis or data requires sophisticated evaluation of quantitative and qualitative factors.
Independence: Determines methods and procedures on new assignments with limited guidance. Provides guidance and acts as a resource/mentor to others in the actuarial career. Anticipates customer needs and takes initiative to address business challenges. Seeks continuous improvement of processes and analyses.