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 pricing / modeling actuary (FSA or near FSA) to join our Individual Annuities group.  The candidate will be a key part of the team that is responsible for pricing, rate setting, product development support, and investment and ALM strategy support for the Individual Annuities division. The role can expand or contract depending on the level of the candidate, with opportunities for additional exposure to management, sales team, financial planning process, competitor analysis, corporate modeling, and / or financial reporting, etc.

We seek a talented individual who is dedicated, motivated, curious, and wants to grow within the organization. The ideal candidate should have strong communication skills, business acumen, AXIS modeling experience, and exposure to asset-liability modeling. 

Depending on scope of the role, your key responsibilities could include:

• Recommend new money and renewal rates for The Standard’s individual annuity products. Be a spokesperson for the department’s rate-setting decisions, working inside and outside of the Individual Annuities division.
• Analyze new and existing product profitability and make strategic recommendations to optimize income and achieve growth goals.
• Work with investments team and corporate actuaries in order to ensure ALM strategy is appropriate for strategic goals. 
• Support product development process via prioritization of new ideas, risk and financial analysis, contract and regulatory filings, pricing, application of accounting standards, implementation of operations and management reporting, as well as product roll-out and sales support.
• Maintain, improve, and analyze results of existing AXIS pricing models.
• Assist operational and implementation capabilities as product development process evolves.  

Qualifications Required:

• Bachelor’s degree required.
• Fellow of the Society of Actuaries (FSA), or Associate of The Society of Actuaries (ASA) and close to obtaining FSA designation.
• Annuities experience.  Pricing experience a plus.
• Strong communication skills.
• Advanced to Expert Excel skills.
• Prior modeling experience. GGY Axis experience strongly preferred.
• Minimum of three years of progressively responsible actuarial experience.

Competencies You Possess:

• Excellent organizational skills with strong attention to detail and ability to prioritize and drive results.
• Self-starter who can work independently and take initiative.
• Effective collaboration with others in order to evaluate, understand and quantify trends and risk.
• Beating the status quo, continuing to improve and streamline existing models and processes.
• Intellectual curiosity to dig beneath the surface to understand the story behind the numbers.
• Ability to connect the dots to understand the impacts of upstream and downstream work.
• Understanding of materiality of analytical results and when to surface findings to others.
• Transparent and consistent with high personal impact, easily establishing yourself as a trusted business partner and collaborator. 
• Sensitivity to deadlines and time constraints.
• Effective communication skills that instill confidence with internal and external audiences and ability to translate complex concepts into meaningful actionable information.
• Resourceful to build effective partnerships/coalitions with colleagues.
• Low-ego, team-oriented, collaborative approach.
• Strong analytical, conceptual and critical thinking skills with a solutions-oriented mindset.

The Standard Culture

The Standard values an inclusive and engaged workforce. You’ll find the environment provides complex intellectual challenges as well as excitement as you share in the success of the company’s forward moving plans. The Standard fosters innovation, builds collaboration, and pursues excellence. You’ll experience an open and welcoming environment with authentic people who are thoughtful and intentional with high integrity. You’ll experience a collaborative approach when it comes to planning and decision making.    You’ll have the independence to achieve results within the framework of the values and culture of the organization. In a culture that places high value on continuous improvement and possibilities, your ideas and insights regarding creative and innovative approaches are expected and encouraged.  

Competencies You Possess (these may change if the level of the role expands or contracts): 

Education/Experience:

• This position is the highest level of the Actuarial Candidate career path prior to promotion into a position with senior Fellowship responsibility.
• Prior responsible experience sufficient to have gained a seasoned actuarial business perspective required. ASA designation required.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.

Analytical Skills:

• The position operates from a very seasoned vantage point resulting in "big picture" thinking, business insight, actuarial innovation and intuition, influence, and leadership.
• Very familiar with internal and external statistical trends, factors, issues, and data impacting underwriting results and business strategies.
• Leverages this knowledge and insight, combined with advanced and creative actuarial methods, to identify risks and opportunities, derive innovative solutions, and drive strategic business actions.

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.

Influence:

• May serve as a lead on cross department/division project teams to manage, plan, implement and/or sponsor large complex actuarial studies, pricing strategies and policies.
• Effective people skills in managing, influencing and resolving conflicts.
• Due to very advanced and sophisticated actuarial conceptual ability and highly relevant business know-how, the position works closely with Product Management and other functions within the company to achieve profitability and growth goals, and/or to provide actuarial analyses, responses, and communications for various audiences inside and outside the company.
• 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. May direct and train lower-level students but is not an administrative supervisor.

#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 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.