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The Standard

The Standard

Director and Actuary - Employee Benefits (EB)

Director and Actuary - Employee Benefits (EB)

Job Details
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Uploaded On
June 30, 2023
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Location
Portland, OR
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Remote?
No
Company Overview
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Headquarters
Portland, OR
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Number of Employees
3400
Estimated Number of Actuaries
111
Salary
$
140
k-$
210
k
Glassdoor Ratings
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Recommend to a Friend
80%
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Overall Score
3.9 / 5

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:

The Standard seeks a talented FSA to join our Employee Benefits division. Our products for employer groups include long term disability, short term disability, group life and accidental death and dismemberment insurance, dental, vision, critical illness, and hospital indemnity products.  You will be involved in and have direct responsibility overseeing reporting including financial reporting, internal business reporting, and external industry reporting. You will leverage your skillful relationship management as you partner with key internal stakeholders including Employee Benefits leaders as well as leaders in Corporate Finance and Internal Auditing.  You’ll be involved in evaluating and implementing new approaches and processes for our reporting as we challenge ourselves to consider new methods through our Actuarial Transformation effort.  You are an inspirational leader who identifies and develops great talent and ensures an inclusive working environment to allow for employee engagement and diversity of thought.  The missing piece is you, bringing your vision, expertise, and energy. Areas of focus for you will include:

  • Leading and driving reporting both recurring such as GAAP, Statutory, and Tax, and ad-hoc such as industry reporting with an eye towards excellence in the work. 
  • Ensuring reporting is timely and accurate, and meets necessary controls. 
  • Keep abreast of regulatory issues to determine applicability to our reporting.
  • Communicate financial information to management to assist and influence corporate and divisional financial strategies.
  • Ensuring an inclusive and engaging work environment for your team, promoting diversity of thought and perspective.  Provide leadership and coaching to existing staff as well as attract, retain, and develop new talent ensuring a pipeline of talent for the future.
  • Supporting our Actuarial Transformation initiative ensuring successful implementation of improved procedures and processes.
  • As an active member of the group benefits leadership team, you'll provide thought leadership on various departmental as well as cross-functional teams supporting the insurance businesses.
  • Provide actuarial advice and consultation to senior management on matters relating to all relevant products.
     

The Skills and Background You'll Need

  • Bachelor’s degree required. Advanced degree a plus.
  • Fellow of the Society of Actuaries {FSA}.
  • Eight+ years of actuarial experience within the insurance industry.
  • Experience in our group products is preferred, such as: group Life, LTD, STD, etc.
  • Demonstrated expertise in financial analysis or financial reporting (accounting) preferred.
  • A minimum of two years prior people leadership preferred.
     

Traits of a Successful Candidate:

  • Leading in a transparent and consistent manner, with high value-add personal impact. Leading with respect and managerial courage easily establishing yourself as a trusted business partner.
  • The ability to move from a strategic macro point of view as well as to drill down into the details in order to understand impacts and build credibility with stakeholders.
  • Driven to win: Pro-active and self-motivated, inspiring enthusiasm about the business and engaging hearts and minds to create a positive culture with high morale and strong performance with a focus on excellence and continuous improvement.
  • Effective communication skills that instill confidence with internal and external audiences and ability to translate complex concepts into meaningful actionable information.  Strong presentation skills in order to effectively present at board meetings.
  • Demonstrated strong consultative and influencing skills and are resourceful to build effective partnerships/coalitions across all areas of the organization with colleagues at all levels, including executive leadership.
  • Low-ego, Team-oriented, collaborative approach
  • Makes informed decisions through strong analytical, conceptual and critical thinking skills with a solutions-oriented mindset; and willingness and ability to handle opposing perspectives and gain consensus.
  • Able to work effectively through complex problems with the ability to assess gaps and opportunities to inform strategy and to prioritize initiatives and action plans.
  • Excellent project management and organizational skills with strong attention to detail and ability to prioritize and work on multiple projects simultaneously.
  • Strong analytical, conceptual, and critical thinking skills with a solutions-oriented mindset 
  • Ability to connect the dots of the impacts of upstream and downstream work to understand the impacts. 
  • Intellectual curiosity to dig beneath the surface to understand the story behind the numbers.
  • Effective collaboration with others in order to evaluate, understand and quantify trends and risk.

#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:

$140,000.00 - $210,000.00

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 identity, 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, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.

Apply Now

Working at 

The Standard

The Standard is a financial services company that specializes in providing insurance, retirement, and investment solutions for individuals and businesses. With headquarters in Portland, Oregon, The Standard has been in operation since 1906, and has a strong reputation for its commitment to customer service and innovation. Working at The Standard means being part of a team that values diversity, inclusion, and collaboration. The company offers a range of career opportunities for individuals at all stages of their professional journey, from entry-level positions to senior leadership roles. The Standard is committed to providing its employees with the resources and support they need to grow and succeed in their careers. The Standard offers a comprehensive benefits package that includes medical, dental, and vision insurance, 401(k) matching, and paid time off. The company also offers a number of other unique benefits, including wellness programs, employee assistance programs, and an employee stock purchase plan. In addition to its commitment to its employees, The Standard is also committed to making a positive impact on society and the environment. The company has a strong corporate social responsibility program that focuses on supporting local communities, promoting sustainability, and fostering diversity and inclusion. If you are looking for a career in the financial services industry, The Standard is an excellent choice. The company is committed to its employees and customers, and is dedicated to making a positive impact on the world. With a supportive and collaborative work environment, competitive compensation and benefits packages, and opportunities for professional growth and development, The Standard is a great place to build a meaningful and rewarding career.