Senior Actuary

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

Job Summary: 

The Standard seeks a talented actuary to join the Individual Annuities division. Our products include fixed rate multi-year guaranteed deferred annuities, fixed indexed annuities, and immediate annuities.

We seek a talented individual who is dedicated, motivated and curious who wants to learn and grow within the organization. You will have the ability to understand the big picture and present results to senior leaders as you build models, evaluate trends, and question results.

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

As there is flexibility in the structure of this role and how it fits within our current organizational structure, there could be near-term leadership opportunities associated with this role. 

Depending on the scope of the role, financial reporting focused responsibilities could include:

• Provide thought leadership and subject matter expert for financial close, financial planning, and accounting framework changes.
• Formal and informal managerial and leadership for junior staff, supporting development, and reviewing work.
• Analyze financial results of Individual Annuities division and identify drivers and trends in the profitability of our products.
• Communicate financial information to management to assist and influence corporate and divisional financial strategies.
• Recommend opportunities to streamline financial close processes and analysis.
• Take ownership of the team’s preparation, review, and analysis of our valuation reserves and financial statements following GAAP, statutory or tax reporting principles.
• Analyze data/trends from your modeling work and share findings with team members and other key stakeholders.
• Keep abreast of regulatory issues in order to determine applicability to our reporting.

Skills and Background You’ll Need:

Education: Bachelors degree required

Certification: Fellow of the Society of Actuaries (FSA), or career Associate of The Society of Actuaries (ASA).

Experience:

• 5+ years of progressively responsible actuarial experience
• Understanding of materiality of analytical results and when to surface findings to others.
• Strong analytical, conceptual, and critical thinking skills with a solutions-oriented mindset.
• Experience with Individual Annuity or other annuity products is highly preferred.
• Proficient in MS Office and familiarity with actuarial tools and systems. PowerBI, Python, and SQL experience preferred but not required.
• Prior modeling experience. Moody’s Axis experience is strongly preferred.
• US Statutory and US GAAP experience preferred but not required.

Key Behaviors of a Successful Candidate:

• Winning together: Low-ego, team-oriented, and puts the needs of the team above their own desires and priorities. Effective communication skills that instill confidence with internal and external audiences and the ability to translate complex concepts into meaningful actionable information. Transparent and consistent with high personal impact, easily establishing yourself as a trusted business partner.

• Driving Success: Can take ambiguous tasks and align it to the working model of the team to ensure execution. Self-starter who can work independently and take initiative with a sensitivity to deadlines and time constraints. Beating the status quo, continuing to improve and streamline existing models and processes.

• Adaptability: Approaches everyday work with a desire to continuously further their understanding and can align their work to the mission of the enterprise. Excellent organizational skills with strong attention to detail and ability to prioritize and drive results.

• Improvement Mindset: Constantly pursues exceptional results that take us “next level.” Effectively collaborates with various departments across the organization to evaluate, understand and quantify trends and risk in influencing management decision making. Ability to connect the dots to understand the impacts of upstream and downstream work. Intellectual curiosity to dig beneath the surface to understand the story behind the numbers.

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Why Join The Standard?

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented 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 medical, dental, vision and a 401(k) plan with matching company contributions

• An annual incentive bonus plan

• Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually — PTO increases with tenure

• A supportive, responsive management approach and opportunities for career growth and advancement 

• Paid parental leave and adoption/surrogacy assistance

• An employee giving program that double matches your donations to eligible nonprofits and schools

In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.

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

Salary Range:

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, 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. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. 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 The Standard's 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 and employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.