At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.
 
Ready to reach your highest potential? Let’s work together.

Job Summary:

In this highly visible role in the Individual Annuities team, you’ll have direct responsibility for key aspects of the IA actuarial operations including: pricing, renewal and new money rate setting, reinsurance pricing and research, and other ad-hoc research projects.

You’ll put your strategic thinking to work as you develop, price, and recommend rates for new products, helping IA widen its distribution footprint, in order to be able to sustainably compete and grow in the annuity marketplace.  You’ll partner and interface with key stakeholders including IA’s Division Head, Sales and Marketing team, Corporate Actuarial, IT, and operations teams on various projects.  This role provides a unique opportunity to drive business results as IA works to continue to grow its product suite and distribution footprint.

The ideal candidate will have the ability to effectively collaborate and communicate with a wide range of non-technical functions and will also bring a strong technical background including depth in product development, product pricing, rate setting, actuarial modeling (AXIS experience strongly preferred), strong technical communication, and exposure to asset-liability modeling.   

Reporting Relationships

You’ll report to the head Individual Annuities Actuary and have a team of four actuaries (three credentials) as well as one offshore actuary reporting to you.

Primary Responsibilities

In this role, you will: 

• Influence ALM strategy by partnering with investment team and corporate actuaries on new and existing product suite.
• Analyze profitability and risk profile of new business, working with Corporate Actuarial and Investments teams in order to improve IA’s understanding of the business written.
• Drive strategic recommendations for inforce renewal rate setting in order to optimize business results.
• Support product development process by driving pricing and risk analysis of new and existing products.  Partner with product manager to create and vet product concepts and support key stakeholders across the organization as we leverage the product development process to push business growth plan forward. 
• Develop a quantitative understanding of the impact of reinsurance on the industry and on The Standard’s potential product suite
• Support rate setting component to the three-year financial plan to senior management.
• Work with a team of five actuaries, providing mentorship, instilling ownership of results, and developing Moody’s AXIS modeling skills as well as attract, retain, and develop new talent.

Qualifications

Required:

• Strong competency in risk analysis and assessment via modelling
• Experience with fixed / indexed individual rate setting
   

Desired:

• Experience and interest in leading others highly preferred
• Eight or more years of actuarial experience
• AXIS experience
• Product development and management experience

Competencies You Possess:

Education/Experience:

• Requires significant prior responsible experience sufficient to have gained a seasoned actuarial business perspective.
• ASA designation, or equivalent, required. FSA may be required depending on the specific role and is expected for responsibilities over reserve adequacy and product filings.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.

Analytical Skills:

• Having 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.

Management Skills:

• Drives team performance to goals.
• Provides training and development to immediate team members.
• Significant role as a resource/mentor to others in the actuarial career.
• Thinks innovatively, brings ideas to life, and seeks continuous improvement.
• Approaches business challenges from a broad corporate perspective.
• Anticipates and removes barriers to accomplish business objectives.
• Responsible for the overall management and technical oversight of both junior and senior actuarial staff (fellows, associates, actuarial candidates and/or support personnel) to perform one or more actuarial functions for a subset or segment of a Major Product Group, Line of Business, or Market.

Influence:

• Leverages effective networks across the department/division.
• Exhibits effective communication and people skills in managing projects, working with stakeholders and resolving conflicts.
• Viewed as a resource to the division, providing leadership in his/her key areas of responsibilities.
• Subject matter expert with the ability to negotiate and influence management decision making.
• Routinely provides counsel to the Top Actuarial Executive within the Product Group/Line of Business, or Market Segment, and to the analysis within their area of domain expertise.

Decision Making:

• Primarily responsible for developing and executing on business needs within an actuarial function.
• Scope of decision making mainly contained within the function or immediate team.

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

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

Salary Range:

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.