Job Description

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 Standardseeksa talented and curious actuary to join our CapitalAnalytics & ALMteam intheCorporate Actuarial and Risk Management Division. You will be workingprimarily on economicrisk and capital metrics associated with our parentcompany anddeveloping a framework to interpret the results for business management.You’llsupport the regular production of these measures with our modeling teamsand theeducation of key stakeholderson the interpretation of the results.This is a highly visible and varied role and will give you exposure to all our business units as well as leadership across the organization. 

Key Responsibilities:

  • Extract,analyzeand prepare data for use in actuarial analysis. Analyze, interpret, and present numerical data related tofair values, risk measurements,and other actuarial analysesto internal stakeholders across the organization.
  • Communicate and collaborate with various departments across the organization to meet businessneeds, including process improvement initiatives, coordination of capitalmethodologywith emerging industry & enterprise standards, and providing theory behind capital calculations.
  • Prepare ongoing calculations, reporting and explanation of risk capital for individual business units as well as whole company level.
  • Gather,analyzeand developstrongunderstanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends,utilizingcompany,industryand capital marketdataas necessary. Create andmaintainmodels used in the analysisofrisk management, incomeprojectionand regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies. Support the development of a risk-based return frameworkusing data and analysis toprovidestrategic guidance in influencing management decision making.
  • Acts as a subject matter expertand interactsfrequentlywith senior department managers or other senior actuarial personnel.Ability to communicatewithnon-technical audiences, providingconsultation and clarification on actuarial models and risk issues. Ability toinfluence management towards courses ofactionwhich mayhave potentially sizeable impactson products, markets, underwriting, pricing, risk management, and profitability.
  • Prepare for and pass actuarial examsandmaintaincontinuing education requirements.

    • Skills and BackgroundYou’llNeed:

    Education:

  • Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science,businessor a related field preferred.
  • ASA designation, or equivalent,required

    • Experience:

  • Demonstrated experience in an actuarial capacity
  • Advanced analytical skills combined with creative actuarial knowledgeto maximize profit and growth throughdata analysis,forecasting,and solid understanding of the business area of specialization. (i.e.insurance markets, competitive climate, regulatory market). Prior experience conducting complex analysisand providing recommendations on impactful strategies for risk management.
  • Ability to determineappropriatemethodsand proceduresfor projectswith limited guidancewhileanticipatingstakeholderneeds and takes initiative to address business challenges.Prior experience directingmultiple complexcross-functionalprojects simultaneously,while also managingaspects of large and complex initiatives.
  • Prior experience with retirement products & individual annuity productspreferred;capital experience is a plus.
  • Excel, Power BI, GGY Axis, Python, Dataikuor other modeling software highly preferred

    • Key Behaviors of a Successful Candidate:

  • Winning together:Communicate and collaborate with various departments across the organization to meet business needs.Seeks out and encourages diverse perspectives; helps individuals relate to, understand, and accept other perspectives.
  • Driving success:Independently drives work forward and takes responsibility for achieving job requirements, tasks, andobjectives.Uses data and analysis toprovidestrategic guidance in influencing management decision making.
  • Customer Focus:Develops positive internal and external stakeholder relationships by consistently and effectively delivering value

    • #LI-Remote

    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.

    • The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.

    Salary Range:

    $76,250.00 - $111,500.00

    Positions will be posted for at least 5 days from original posting date.

    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. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.

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